facebook
Traded Co logo
Submit
Daily limit: 0/10

Tishman Speyer Secures $331M Construction Loan From CDPQ For 50 Hudson Street Development

Property Image
FINANCED
$331,000,000

New Jersey

See Similar Deals
Development Site
Financed 04/14/2025
the dealplayerscompscontact
Property Image
FINANCED

Tishman Speyer Secures $331M Construction Loan From CDPQ For 50 Hudson Street Development

50 Hudson Street

See Similar Deals
Development Site
Financed 04/14/2025
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Transaction Type:Loan

The asset involved in this transaction is a development site located at 50 Hudson Street in Jersey City. Tishman Speyer is developing a 40-story building that will encompass 924 residential units. The project is set to be delivered in 2028 and will include 10,000 square feet of retail space. Additionally, it will share 75,000 square feet of amenities with its sister project at 55 Hudson Street.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $331,000,000
  • Lender: Charles Emond - CDPQ
  • Landlord: Rob Speyer - Tishman Speyer
  • Loan Type: Construction
  • Market: Jersey City

Key individuals in this transaction include Charles Emond, who represents CDPQ as the lender, and Rob Speyer, serving as the landlord for Tishman Speyer. Their roles are pivotal in facilitating the funding for this significant construction project, contributing to the development landscape in Jersey City.

Players

CDPQ
CDPQ
LENDER
CDPQ
CDPQ
LENDER
Rob Speyer
Tishman Speyer
Rob Speyer
36 deals$4B volume
LANDLORD

Details

FINANCED
IMAGE: Charles Emond & Rob Speyer DATE: 04/14/2025 ADDRESS: 50 Hudson Street MARKET: Jersey City ASSET TYPE: Development Site LENDER: Charles Emond - CDPQ LANDLORD: Rob Speyer - Tishman Speyer (@TishmanSpeyer) LOAN AMOUNT: $331,000,000 LOAN TYPE: Construction NOTE: Tishman Speyer secured a $331M construction loan from CDPQ to build 50 Hudson St., a 40-story, 924-unit multifamily tower in Jersey City, set for 2028 delivery. The tower, a sister project to 55 Hudson St., will feature 10K SF of retail and share 75K SF of amenities with its counterpart.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$331,000,000.00

Monthly NOI$2,206,666.67
Monthly Debt Service$2,092,145.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00