Goldman Sachs Sells Jersey City Waterfront Lot to Tishman Speyer

Tishman Speyer bought land beneath apartments it’s developing on the Jersey City waterfront, from Goldman Sachs Group Inc.

The real estate firm is building two towers at 50 and 55 Hudson St. The project will include nearly 2,000 apartments, retail space and a public plaza connected to the waterfront, according to a statement Monday. Terms of the land purchase weren’t disclosed.

A rendering of the buildings at 50 and 55 Hudson St.

Source: ImageFiction

“This acquisition demonstrates our conviction in the neighborhood as well as in our long-term vision for these two world-class residential towers,” Tishman Speyer Chief Executive Officer Rob Speyer said in the statement.

A representative for Goldman Sachs ...