GN Management, a Jersey City-based firm known for its modernist high-rise developments, on Wednesday announced it successfully completed the acquisition of full ownership interest in the Harborside 9 development site. This strategic move marks a critical step forward for the second phase of a massive dual-tower project that will redefine the city’s waterfront skyline.
The transaction involved the transfer of the remaining interest from Panepinto Properties, the firm that originally secured the development rights from Veris Residential for $75 million. By taking full control of the Harborside 9 parcel, GN Management ensures that the 57-story mixed-use project can advance alongside its sister tower, Harborside 8.
“Harborside 9 is a rare opportunity to advance meaningful housing supply on Jersey City’s waterfront, and we’re proud to take this project forward,” Arvinder Singh Minhas, president of GN Management said.
Harborside 9 is slated to deliver a 57-story modernist tower on the 4.2-acre parcel currently serving as a surface parking lot. The project is approved for:
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579 Residential Units: Featuring luxury finishes and glass curtain wall architecture.
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87 Affordable Units: A 15% affordable housing component, addressing critical local supply needs.
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14,800 SF of Retail: Targeted for ground-floor activation and neighborhood services.
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555 Parking Spaces: Housed in a structured garage to support both residents and the surrounding district.
GN Management plans to finalize minor site-plan refinements with the goal of commencing development in 2027. This timeline aligns closely with the progress of Harborside 8, a 65-story tower where construction is already underway by Panepinto Properties and AJD Construction.
The deal was brokered by Jim Pompa of Coldwell Banker, a Jersey City specialist who aligned the two development giants. “This deal required patience, creativity and trust,” said Pompa. “GN Management is exactly the kind of partner you want stepping into a site like this.”
The acquisition was supported by Bravo Capital, with financing brokered by Vivek Jagadish of Blue Mountain Capital. The legal representation for GN Management was provided by Castano Quigley Cherami LLC.
Onkar Singh, CEO of GN Management, whose firm has recently delivered flagship projects like Singh Tower in Journal Square, emphasized the city’s resilience. “Jersey City remains one of the most resilient and opportunity-rich markets in the region. We are proud to invest here and are confident Harborside 9 will reflect the community’s energy.”
With Harborside 8 already funded and under construction, GN Management’s acquisition of Harborside 9 completes the developmental puzzle for one of the last major waterfront parcels in the Harsimus Cove Station area.
