JERSEY CITY, NJ—Onyx Equities,LLC and Rubenstein Partners, L.P. haveunveiled specifics of a $20 million redevelopment project at30 Montgomery Street in Jersey City, NJ, a15-story, 320,000-square-foot office building they purchasedearlier this year.
Built in the early 1970s, 30 Montgomery Streetwas among the first office towers ever to be built along thewaterfront. Among the most extensive New Jersey office buildingupgrades in decades – including a $5 million dollar exterior windowreplacement – the goal of the project is to position the buildingas one of the premiere corporate environments in one of the state'shottest class-A office and residential markets.
“The investment by Onyx and its partnerRubenstein to upgrade 30 MontgomeryStreet speaks to the dynamic Jersey City real estatemarket,” said Jersey City's mayor, Steven Fulop.“Jersey City is on the leading edge of construction and jobcreation in New Jersey and this major investment to upgrade oldercommercial building stock is the latest example of how bullishinvestors are on our city.”
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