Strategic Capital and Plaza Construction Commemorate ‘Topping Out’ At One Grove Street in Jersey City

Press - July 27, 2022

NEW YORK--(BUSINESS WIRE)--Strategic Capital, a leading real estate investment and development platform, and Plaza Construction, one of the nation’s foremost construction management and general contracting firms, commemorated today the completion of vertical structural elements at One Grove Street in Jersey City.

Strategic Capital is developing the project as a fee-based developer for an offshore private equity investor. It is the manifestation of Strategic Capital branching out to third party development business afforded by its unique turn-key development services to real estate owners and investors.

Located in Jersey City’s Liberty Harbor neighborhood, a name suitable for its proximity to (and visibility of) the Statue of Liberty in New York Harbor, One Grove is situated at the south end of the City’s vibrant Grove Street corridor, the premier retail and dining destination in the downtown area. Thoughtfully designed to address current and future trends, including environmentally sustainable features, post-Covid space needs and carefully curated interior design and amenities, One Grove is a 12-story LEED-certified building with 200 residential units scheduled for completion in the second half of 2023.

"We are extremely proud and thankful for all the hard work and effort that everyone involved has contributed to reach this major milestone in the project," said David Brown, Deputy Managing Director of Strategic Capital “Our partners at Plaza Construction are known for their strong work ethic and a widely diverse skill set which enabled us to operate effectively and meet this important deadline.”

Residents of One Grove will enjoy an interior design aesthetic that combines natural inspirations and a neutral palette, with an acknowledgement of the beauty in the imperfection of natural materials. Raw textures, earthy hues and organic, natural materials are beautifully integrated with beige, cream, black, taupe and grey color palates. Ceramic, wood and stone textures align to provide an authentic materiality. The goal is to create an atmosphere of serenity with an uncluttered sense of comfort, beauty, and enveloping luxury. Amenities include luxury bespoke finishes, smart home features, private balconies, outdoor landscaped rooftop terrace, lounge and private dining room, gym, coworking space, bike room and parking garage with shared transportation options, and ground floor retail and parking.

Plaza is proud to partner with this terrific development group for this exciting project and to further enhance our robust New Jersey operation,” said Thomas D’Ercole, Executive Vice President, Regional Director of Plaza Construction.