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FAQ: TAY Investments' Acquisition of 365-Unit Development Site in Jersey City's West Side
Strategic Acquisition Marks Company's Largest Development to Date in High-Growth Route 440 Redevelopment Zone
TL;DR
TAY Investments' acquisition of a Jersey City development site positions them to capitalize on the area's growth with 365 residential units, marking their largest project to date.
TAY Investments will construct an 8-story building with 365 units, 1,500 sq ft of commercial space, and 184 parking spaces on a 56,897 sq ft site starting Q2 2026.
This development will provide community-driven housing and amenities like wellness areas, enhancing neighborhood quality and supporting Jersey City's long-term growth and sustainability.
The project features 'The Sanctuary' with a pool, pickleball court, and rooftop bar, plus proximity to light rail and major redevelopment anchors like SciTech Scity.
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TAY Investments has acquired a fully approved development site at 212-230 Culver Avenue in Jersey City's West Side neighborhood to build an 8-story building with 365 residential units, making it their largest development project to date.
This acquisition represents TAY Investments' largest development project to date and marks a major step forward in expanding their footprint in Jersey City, reinforcing their long-term belief in the city's growth potential, particularly in the West Side area.
The development will include 365 residential units, approximately 1,500 square feet of ground floor commercial space, 184 indoor garage parking spaces, and 'The Sanctuary' wellness area featuring a pool, hot tub, state-of-the-art gym, yoga and meditation center, saunas, cold plunge, pickleball court, and rooftop bar.
The site is located at 212-230 Culver Avenue in Jersey City's West Side neighborhood, strategically positioned along Route 440 which is undergoing a multi-billion dollar transformation. It's just 0.3 miles from the West Side Avenue Hudson-Bergen Light Rail Station, providing direct access to downtown Jersey City and Manhattan.
The Route 440 area is undergoing a multi-billion dollar transformation fueled by three massive, long-term anchors: the 100-acre Bayfront waterfront redevelopment, the SciTech Scity innovation hub, and the expanding New Jersey City University campus.
Construction is expected to commence in the second quarter of 2026, with a grand opening targeted for summer 2028.
The project will feature a mix of studio, one-bedroom, and two-bedroom configurations totaling 312,915 gross square feet.
Yuval Shram, Founder and CEO of TAY Investments, led the acquisition. Key partners include BHI partners Ilana Druyan and David Kesselman, and listing agent Yanni Marmarou who negotiated the transaction terms.
TAY Investments has been active in Jersey City since 2013 and currently operates six projects in the city, including two under development, totaling over 800 residential units and 22,000 square feet of ground floor commercial space.
According to Yuval Shram, with interest rates beginning to move toward normalization and construction cost escalation moderating, there will be even stronger demand for high-end modern apartments in strong growth areas like Jersey City.
Curated from Newsworthy.ai
