Construction starts on huge $400M Jersey City development with 670 apartments – NJ.com
Report on New Residential Development in Jersey City’s SoHo West Neighborhood
Project Overview
Three major real estate firms have initiated construction on a $400 million residential development located in Jersey City’s emerging SoHo West neighborhood, near the Hoboken border. This project spans 1.75 acres and will feature two towers of 14 and 21 stories, delivering a total of 670 apartments.
Alignment with Sustainable Development Goals (SDGs)
The development aligns with several United Nations Sustainable Development Goals, emphasizing sustainable urban growth and community well-being:
- SDG 11: Sustainable Cities and Communities
- Creation of high-density residential housing supports efficient land use and reduces urban sprawl.
- Enhances urban infrastructure in an emerging neighborhood, promoting inclusive and sustainable urbanization.
- SDG 9: Industry, Innovation, and Infrastructure
- Investment in modern construction techniques and infrastructure development.
- Supports resilient building design to accommodate growing urban populations.
- SDG 8: Decent Work and Economic Growth
- Creation of employment opportunities during construction and subsequent property management.
- Stimulates local economic growth through increased residential occupancy.
Project Impact and Future Prospects
- The addition of 670 apartments will contribute significantly to addressing housing demand in Jersey City.
- By focusing on sustainable urban development, the project supports long-term environmental and social benefits.
- Encourages community development in the SoHo West neighborhood, fostering a vibrant and sustainable urban environment.
1. Sustainable Development Goals (SDGs) Addressed or Connected
- SDG 11: Sustainable Cities and Communities
- The article discusses a large residential development project in an urban area, which relates directly to making cities inclusive, safe, resilient, and sustainable.
- SDG 9: Industry, Innovation, and Infrastructure
- The construction of new residential towers involves infrastructure development and innovation in urban planning.
- SDG 8: Decent Work and Economic Growth
- Large-scale real estate projects typically generate employment opportunities and contribute to economic growth.
2. Specific Targets Under Those SDGs
- SDG 11: Sustainable Cities and Communities
- Target 11.1: Ensure access for all to adequate, safe, and affordable housing and basic services.
- Target 11.3: Enhance inclusive and sustainable urbanization and capacity for participatory, integrated, and sustainable human settlement planning and management.
- SDG 9: Industry, Innovation, and Infrastructure
- Target 9.1: Develop quality, reliable, sustainable, and resilient infrastructure.
- SDG 8: Decent Work and Economic Growth
- Target 8.3: Promote development-oriented policies that support productive activities, decent job creation, and entrepreneurship.
3. Indicators Mentioned or Implied to Measure Progress
- SDG 11 Indicators
- Indicator 11.1.1: Proportion of urban population living in slums, informal settlements, or inadequate housing (implied by focus on new housing development).
- Indicator 11.3.1: Ratio of land consumption rate to population growth rate (implied by urban development scale).
- SDG 9 Indicators
- Indicator 9.1.1: Proportion of the rural population who live within 2 km of an all-season road (implied by infrastructure development).
- SDG 8 Indicators
- Indicator 8.3.1: Proportion of informal employment in non-agriculture employment, by sex (implied by job creation in construction and real estate).
4. Table of SDGs, Targets, and Indicators
SDGs | Targets | Indicators |
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SDG 11: Sustainable Cities and Communities |
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SDG 9: Industry, Innovation, and Infrastructure |
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SDG 8: Decent Work and Economic Growth |
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Source: nj.com