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JERSEY CITY-Developers Athena Group and BLDG Management haveunveiled detailed plans for a $400-million, 1.2-million-sfmixed-use high rise on the site of a vacant warehouse here. Locatedon two acres at 111 First St., the project would consist ofapartments, retail space, a hotel and artist studios. The lattercomponent is a concession to local artists who once occupied theformer Lorillard warehouse, but were evicted two years ago by ownerBLDG Management, citing the building's unsafe conditions.

The proposed new construction is a bit unorthodox. According toplans unveiled by Dutch architect Rem Koolhaas, the 52-story towerwould consist of three blocks stacked perpendicular to one another,sitting atop a structural base. The base would house the building'sparking, retail stores and artists' galleries. The three buildingblocks would consist of approximately 415,000 sf of apartments andcondos, including lofts and a group of affordable units. Another210,000 sf would be set aside for the hotel and 160,000 sf forartist studios.