Project · Jersey City, NJ · Updated 2 days ago
Canal Crossing / Garfield Phase 1A and 1B redevelopment
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Sourced from Jersey City meeting, Jun 10, 2026. ZoneWire tracks 158 projects in Jersey City, NJ, updated within 24h of every meeting.
Where this stands
Two 30-year tax exemption (PILOT) ordinances (26-045 Phase 1A: 43 affordable units at/below 50% AMI; 26-046 Phase 1B: 59 affordable units at/below 50% AMI), totaling ~102 affordable units (20% of units), some renting under $700 at 30-50% AMI; project referred to as 'Canal Crossing'; includes 104 families, a new public park, and Morris Canal Greenway; PILOT generating ~$1.85M annually to city vs ~$62K now; 10% of PILOT to education infrastructure capital fund. Introduced on first reading 9-0; second reading expected June 24 or July 15.
- Project
- Canal Crossing / Garfield Phase 1A and 1B redevelopment
- Asset class
- Residential
- Developer
- Garfield Phase 1A Urban Renewal LLC / Garfield Phase 1B Urban Renewal LLC
- Location
- Block 21501.01 Lot 1 and Block 21501.02 Lot 1.01, Jersey City (Canal Crossing area)
- County
- Jersey City, NJ
- Jurisdiction
- Jersey City
- Current status
- Under Review
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Canal Crossing / Garfield Phase 1A and 1B redevelopment
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