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

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.