metro plaza jersey city
Overview
Location: Jersey City, NJ
Major Tenants: BJ's & ShopRite
Size: 221,000sf
Website: http://www.hudsonexchangejc.com/
Metro Plaza in Jersey City is an 18-acre retail development just south of the Newport Center Mall. Newport is one of Jersey City's main commercial hubs, with over 10 million sf of retail, office, and luxury residential space.
At the time of its acquisition in 1993, development of Jersey City was at a standstill. G&S recognized the potential for redevelopment and convinced major retailers to join them in redeveloping Metro Plaza. The site was developed as a power center consisting of a 116,000 sq. ft. BJ’s Wholesale Club, 65,000sf ShopRite Supermarket, 40,000sf Bed Bath & Beyond, and a 22,000sf Pep Boys. Built on vacant land, the project helped stimulate the area's economic revitalization.
In working closely with the City and community leaders, the property was rezoned with the future in mind. What is now being called Hudson Exchange is a large-scale, mixed-use project that will integrate up to 6,000 rental apartments, 500,000 square feet of retail, and 2.5 acres of publicly accessible open space, ultimately becoming one of the largest and most dynamic developments in the region.
The Harsimus Cove Light Rail Stop sits on Hudson Exchange, offering quick access throughout Hudson County. Moreover, Hudson Exchange is within a short walk of the Newport and Grove Street PATH Stations, providing convenient access to downtown and midtown Manhattan.