JERSEY CITY, N.J. — Groundbreaking has occurred for Margaret S. Herbermann Manor, a new affordable housing project located at the intersection of Secaucus Road and Summit Avenue in the Heights neighborhood of Jersey City. The five-story, elevator-served building will feature 45 units, comprising five low-income units, 10 moderate-income units and 30 workforce housing units. Each unit totals approximately 1,100 square feet and contains two bedrooms. Approximately half of the units are single-level, with the rest consisting of duplex units. In addition, the building will contain one floor of parking and two ground-floor retail spaces. Herbermann Manor will be applying for LEED-Silver certification. It is being developed by Franklin Development Group. Construction financing is being provided by M&T Bank, as well as the New Jersey Housing & Mortgage Financing Agency’s CHOICE program, which encourages the development of for-sale housing in Smart Growth areas throughout the state. Completion is scheduled for spring 2010.
HERBERMANN MANOR BREAKS GROUND