Jersey City Eyes $500M Mixed-Use Towers Amid Housing Boom

JERSEY CITY, N.J. — The Jersey City Housing Authority has advanced its ambitious $500 million plan to raze the 80-year-old Holland Gardens public housing complex and replace it with four high-rise towers blending senior housing, for-sale condos, public housing and market-rate rentals. Selected last year by the JCHA board, Boston-based WinnDevelopment is overseeing the project, which Mayor Steven Fulop hailed as about 50% affordable. Renderings show a North Residential Tower with 192 public housing units and 309 market-rate units, alongside 56 condominiums—half affordable—plus a 14,000-square-foot community space, 12,000-square-foot library and retail corridor.

The redevelopment addresses longstanding challenges in Jersey City's downtown, where Holland Gardens has served residents for decades amid rising demand for mixed-income housing. Current residents will receive relocation services during construction, expected to break ground soon and complete by 2027. Financially, the deal includes $28 million in ground lease payments to JCHA over 30 years, $10 million for resident services and $61 million in PILOT payments to bolster affordable housing stock.

This project unfolds amid Jersey City's construction surge, including Panepinto Properties' $338 million, 53-story 499 Summit Avenue tower in Journal Square, which broke ground recently and adds 605 luxury apartments set for completion in Q2 2026 near the PATH station. Nearby, the Bayfront Promenade phase delivers 210 mixed-income units—80% affordable—on a former Honeywell site along the Hackensack River, kicking off an 8,000-unit redevelopment. These efforts underscore Jersey City's push to balance luxury growth with inclusive housing as of May 2026.