TAY Investments Acquires Major Development Site in Jersey City's West Side Corridor

TAY Investments, a vertically integrated real estate development company specializing in multifamily properties, announced the acquisition of a fully approved development site at 212-230 Culver Avenue in Jersey City's West Side neighborhood. The 56,897-square-foot site will accommodate an 8-story building with 365 residential units, approximately 1,500 square feet of ground floor commercial space, and 184 indoor garage parking spaces, marking TAY's largest development project to date. Yuval Shram, Founder and CEO of TAY Investments, stated that this acquisition represents a major step forward as the company continues expanding its footprint in Jersey City, reinforcing long-term belief in the West Side's tremendous growth potential.

The property is strategically located along Route 440, an area 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. The site sits just 0.3 miles from the West Side Avenue Hudson-Bergen Light Rail Station, providing direct access to downtown Jersey City and Manhattan. Shram emphasized that the West Side area offers a unique combination of connectivity, community energy, and long-term value creation, marking another strategic milestone in delivering high-quality, community-driven multifamily housing.

The development will feature "The Sanctuary," a highly amenitized wellness area with indoor and outdoor facilities including a pool, hot tub, state-of-the-art gym, yoga and meditation center, dry and wet saunas, cold plunge, pickleball court, rooftop bar, and more. The entire building will be integrated with state-of-the-art technology features to elevate the resident experience. The project will feature a mix of studio, one-bedroom, and two-bedroom configurations totaling 312,915 gross square feet. Construction is expected to commence in the second quarter of 2026, with a grand opening targeted for summer 2028.

Shram noted that 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. 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. The company's portfolio includes 22+ investments totaling over $475 million in market value and encompassing over 1,550 residential units across North America and Europe. Shram acknowledged key partners including BHI - Ilana Druyan and David Kesselman - and listing agent Yanni Marmarou, who negotiated optimal pricing and terms for what Shram described as likely the standout deal of the 2024–2025 cycle in Jersey City.