Hartz Mountain, Roseland Team Up On $450M Housing Complex

Law360, New York (February 22, 2012, 9:35 PM EST) -- Developers Hartz Mountain Industries Inc. and Roseland Property Co. plan to build a $450 million, 1,000-unit residential complex in Jersey City, N.J.'s waterfront district, provided the state revives a development tax credit program that recently stopped taking new applications, the companies said Wednesday.

The million-square-foot building at 99 Hudson St. in Jersey City, steps from the Hudson River, would be one of the five tallest buildings in the state, with about 50 stories, and would create more than 2,000 construction jobs over a five-year period, the...
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