Jersey City's downtown is undergoing a complete makeover, anchored by Wall Street moving back office operations to Exchange Place. The old Colgate-Palmolive site and the adjacent Harborside Financial Center will be an extraordinary business neighborhood serviced by ferries and light rail.
Hartz Mountain Industries built 70 Hudson Street, an $80 million office building, and home to mutual fund manager Lord, Abbett & Co., and is building a twin at 90 Hudson Street, to be occupied by Datek Online, the Internet stock brokerage firm. The buildings are directly across from Manhattans World Financial Center. The company has also purchased a third parcel at Colgate Center, the site of a famed toothpaste factory and the landmark clock.
Newport Centre, which has transformed the area on both sides of the approaches to the Holland Tunnel, includes four new residential towers.