Key Takeaways
- • Rockpoint and Urby formed a joint venture to develop 201 Hudson–by Urby, a 748-unit, 69-story multifamily tower on the Jersey City Waterfront, representing the second phase of a three-tower master plan.
- • The project includes approximately 10,000 square feet of retail space and 102 surface parking spaces, with units comprising studio, one-, two-, and three-bedroom market-rate apartments.
- • Jersey City Waterfront offers strategic connectivity to Manhattan (10-minute commute via PATH), served by Grove Street and Exchange Place PATH stations, Harborside Ferry terminal, and Harborside Light Rail infrastructure.
- • Urby will co-manage construction and development while overseeing property management and leasing alongside Rockhill, Rockpoint's property services affiliate, combining hospitality-driven multifamily expertise with institutional capital.
- • The submarket benefits from strong demographic trends, significant public and private investment, and exceptional multi-modal transportation access to the Tri-State region.
Summary
Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, announced a joint venture on June 8, 2026, to develop 201 Hudson–by Urby, a 748-unit apartment tower in Jersey City, New Jersey. The 69-story building will serve as the second phase of a three-tower multifamily master plan and represents a significant institutional capital deployment in the Jersey City Waterfront submarket.
The project comprises market-rate apartments across multiple bedroom configurations—studios, one-bedrooms, two-bedrooms, and three-bedrooms—alongside approximately 10,000 square feet of retail space and 102 surface parking spaces. Urby will assume dual operational responsibility for both construction management and post-delivery property operations, including leasing and resident services, while Rockhill, Rockpoint's property services affiliate, will co-manage these functions. This operational structure reflects an integration of hospitality-driven development expertise with institutional real estate capabilities.
The location offers significant competitive advantages within the New York metropolitan market. The property benefits from immediate proximity to multiple high-capacity transit options: Grove Street and Exchange Place PATH stations provide direct rail access to Manhattan, with commute times estimated at approximately 10 minutes from the building's entrance. Additional infrastructure includes the Harborside Ferry terminal and Harborside Light Rail service, alongside highway connectivity via Interstate 78 and the Holland Tunnel. Dan Domb, Managing Member and COO at Rockpoint, characterized the Jersey City Waterfront as "one of the most compelling multifamily submarkets in the New York metro area," citing strong demographic tailwinds, coordinated public and private investment, and exceptional transportation connectivity as key drivers of submarket performance.
The project comprises market-rate apartments across multiple bedroom configurations—studios, one-bedrooms, two-bedrooms, and three-bedrooms—alongside approximately 10,000 square feet of retail space and 102 surface parking spaces. Urby will assume dual operational responsibility for both construction management and post-delivery property operations, including leasing and resident services, while Rockhill, Rockpoint's property services affiliate, will co-manage these functions. This operational structure reflects an integration of hospitality-driven development expertise with institutional real estate capabilities.
The location offers significant competitive advantages within the New York metropolitan market. The property benefits from immediate proximity to multiple high-capacity transit options: Grove Street and Exchange Place PATH stations provide direct rail access to Manhattan, with commute times estimated at approximately 10 minutes from the building's entrance. Additional infrastructure includes the Harborside Ferry terminal and Harborside Light Rail service, alongside highway connectivity via Interstate 78 and the Holland Tunnel. Dan Domb, Managing Member and COO at Rockpoint, characterized the Jersey City Waterfront as "one of the most compelling multifamily submarkets in the New York metro area," citing strong demographic tailwinds, coordinated public and private investment, and exceptional transportation connectivity as key drivers of submarket performance.
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