Jersey City, New Jersey
Owner: HC Campus West II, LLC
Project Value: $45 million (estimated)
Est. Completion: March 2021
Architect: Netta Architects
Rivet II is the second building of a four-phase redevelopment project headed by New Jersey City University. After the successful opening of Rivet I in 2019, Rivet II will follow suit with 199 new luxury apartments in the West Bergen neighborhood of Jersey City, NJ.
Located on the west side of the city, the new building will feature 10,000 sq.ft. of retail space on the ground floor. Its prime location, just across the Hudson River from Manhattan, looks over the New York skyline, making it a quick sell to business owners looking for retail space in the area.
Rivet II is part of an overall masterplan from New Jersey City University, which includes eight new buildings. Six of these buildings are reserved for residential purposes. 1,000 new apartment units and more than 100,000 square-feet of retail space are part of this redevelopment project. Additionally, a performing arts center, restaurants and cafe spaces will open as part of the vision of Jersey City.
The Rivet complex also offers a complimentary shuttle service to residents and is minutes from the light rail and Hackensack Waterfront.
Other amenities of the building feature 155 parking spaces, street parking, a cyber cafe with WiFi access, a digital delivery system and a courtyard featuring grill space, a gaming area, and a sundeck. Residents will also have access to a new fitness center, which includes a yoga studio.
Rivet II is one of the first projects Arc Building Partners began after their growth into the New Jersey markets. Our team entered into a lump-sum contract with HC Campus West II due to our expertise in mixed-use construction.
Arc Building Partners' team broke ground on this project in August of 2019. The team is working diligently to keep the project on schedule in order to deliver to the owner on time and within budget. Although the schedule was slightly affected due to the unforeseen circumstances of COVID-19 in spring of 2020, our team remained flexible and adjusted the schedule to accommodate the ever-changing situation. The second building of the New Jersey City University project has remained on track to be completed by spring of 2021.