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Council hears settlement to transfer Sixth Street embankment parcels, allow Block 1 development
Summary
City officials presented a settlement agreement and related ordinances that, if approved, would transfer most of the Sixth Street embankment parcels to Jersey City ownership and allow limited residential development on Block 1 under the existing zoning rules.
City officials presented a settlement agreement and related ordinances that, if approved, would transfer most of the Sixth Street embankment parcels to Jersey City ownership and allow limited residential development on Block 1 under the existing zoning rules.
City staff said the package before the council includes three linked items: a settlement agreement, a pilot application for the Block 1 development site, and an amendment to the inclusionary zoning ordinance. The administration asked the council to carry the related ordinances so they can be heard together at a November 12 second-reading hearing.
The settlement would transfer Blocks 2 through 8 to the city as publicly owned land while allowing Block 1 to be developed…
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