LeFrak is constructing a six-story residential building on what used to be the 10th Street Embankment near Hamilton Park. The 6-story building will stand about 12 feet above the ground on top of a stone embankment that was formerly used by railroad cars.
The Embankment House (as it’s currently being called) will feature 163 residential units with 163 parking spaces in a rear parking lot. Construction has already started and the building is set to open next summer. According to NJ.com, LeFrak, which also developed The Laguna in Newport, also received the permission to construct a similar building on another block of the 10th Street embankment between Coles and Monmouth streets.
Meanwhile, the Sixth Street Embankment (used by the Pennsylvania Railroad during the early 20th century) remains in a bitter dispute between developers Steve and Victoria Hyman and Jersey City preservationists, the latter of which want to turn the half-mile structure into a High Line-style park. The Hymans purchased the embankment from Conrail in 2005 for $3 million, but the city argues that Conrail didn’t obtain the required permission from a federal transportation board before selling the land, thereby locking all parties in a decade-long dispute, which sadly benefits no one. —NJ.com
(Image via NJ.com)
