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Spitzer’s Jersey City Win vs. NY Delays | Real Estate News
Eliot Spitzer just landed a $109.5M loan for his Jersey City mega-project — a 390-unit, 27-story luxury tower at 425 Summit Avenue, nearly fully leased and packed with high-end amenities like a golf simulator and pet spa. While this Jersey City win is booming, Spitzer’s New York plans are stuck in legal limbo as he battles state housing officials over delays in demolishing a Fifth Ave building — despite having secured over $100M in financing. Meanwhile, Jersey City continues to heat up, with Namdar Group nabbing $180M for their own Journal Square project, proving how wildly different the real…
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