Wallabout Realty reveals new plans for 87 Van Horne Street 170-unit Jersey City rental project

• Wallabout Realty plans a 170-unit residential project
• Includes 18 affordable units plus off-site affordable contribution
• Located near transit in a growing Jersey City development zone

What Wallabout Realty is planning

New renderings have been released for 87 Van Horne Street, a six-story residential development in Jersey City led by Wallabout Realty. The project will rise 81 feet and deliver 170 rental units, with a mix ranging from studios to three-bedroom apartments. Wallabout acquired the site for $4.6 million in 2016 and is now advancing the project after earlier plans were paused during the pandemic.

What the design and unit mix offer

Designed by MHS Architecture, the building features a modern façade with metal paneling and a brick base. The unit mix includes studios, one-bedroom, two-bedroom, and three-bedroom layouts. Amenities include a green roof, fitness center, resident lounge, and dog spa, along with parking and bike storage to meet tenant demand.

What the approvals mean for development

The project recently received approval from Jersey City’s Planning Board, including variances tied to building coverage and setbacks. Wallabout will also contribute $306,000 to support additional affordable housing elsewhere, while dedicating part of the site for infrastructure improvements and a new public road.

What the location means for leasing

The property sits near Berry Lane Park and the Garfield Avenue light rail station, providing access across the Hudson waterfront and into surrounding areas. This connectivity continues to support strong rental demand in Jersey City as renters look for alternatives to Manhattan with easier commutes.

What this means for developers and investors

This project shows how developers are activating underutilized land in Jersey City with higher-density residential projects. It also highlights the balance between market-rate development and affordability requirements, while still delivering competitive amenities and transit access. Jersey City continues to attract development as demand and transit access support long-term rental growth