Modon Holding has announced a new joint venture (JV) to deliver Harborside 4, a 54-storey residential tower on one of the last prime waterfront sites in downtown Jersey City, New Jersey, USA.
The developer said it will hold a majority equity stake alongside US developer Related Companies and firm Panepinto Properties, marking a further milestone in the Group’s strategy to scale its diversified global portfolio. Construction is set to begin in Q1 2026, with completion targeted in Q1 2029.
Harborside 4 was designed by Handel Architects and will bring 800 luxury rental apartments and condominiums to downtown Jersey City, with the building offering unobstructed views of the Manhattan skyline and premium lifestyle and hospitality amenities including a marquee fitness club and concierge services, the firm said.
The site is said to be minutes from Manhattan via PATH cross-Hudson rail services and ferry connections, with retail, dining and community amenities on the doorstep, including a Whole Foods market across the street. The development scheme will feature 75% of residential apartments being retained for rentals generating stable recurring income, with the remaining 25% being marketed as condos for sale.
Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding said, “Harborside 4 is a natural progression in Modon’s global expansion, reflecting our commitment to investing in high-potential assets that create long-term value. Partnering with Related and Panepinto brings together institutions with the expertise and ambition to help shape vibrant, future-ready communities, and reinforces Modon’s position as a trusted international investment partner. This venture strengthens our international portfolio, supports our diversification strategy, and underscores Modon’s vision to develop high-quality urban destinations in key global markets.”
Bill O’Regan, Group CEO of Modon Holding added, “Harborside 4 aligns strongly with our international growth strategy, combining a prime development opportunity with a structured delivery plan and partners with deep capability and Modon’s goal to enhance its long-term recurring income. Related’s operational strength and Panepinto’s local knowledge create a platform engineered for design excellence and disciplined execution. We will work hand-in-hand with Related and Panepinto to oversee all critical phases of the development, contributing to Harborside becoming a well-run, high-performing community over the long term. This investment reinforces our vision to build and enhance the resilience of our diversified global portfolio.”
Bruce A. Beal, Jr, President of Related Companies continued, “We are pleased to be partnering with the team at Modon Holding to bring this exciting project to life. With an unmatched location just minutes from Manhattan in fast-growing Jersey City, Harborside 4 represents an exceptional opportunity to develop beautiful waterfront homes for discerning residents alongside partners and investors who share our vision of creating dynamic urban living environments.”
Joseph Panepinto, Sr Founder and CEO of Panepinto Properties noted, “Acquiring Harborside 4 strengthens our role in the ongoing redevelopment of Jersey City’s waterfront and beyond. An area that once served industrial uses has been steadily emerging as a premier, contemporary, residential, and commercial destination creating jobs and income for all residents of the city. This property aligns with that broader vision. We remain committed to supporting the city’s continued growth across its various districts.”
The JV will jointly oversee the development of the scheme, with Related leading development and construction management, leasing and operations. Related contributes more than 50 years of integrated development and management expertise, with US $70bn in assets under management and over $20bn in construction delivered over the past decade.
Panepinto Properties, which has delivered more than 17m sqft of development in Jersey City since 1977, brings local knowledge and a long-standing commitment to the community in Jersey City. A consortium of banks led by J.P. Morgan will provide construction financing for the development scheme.
Modon Holding announced a new JV to deliver Harborside 4 Middle East Construction News.
Hence then, the article about modon holding announced a new jv to deliver harborside 4 was published today ( ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Modon Holding announced a new JV to deliver Harborside 4 )
Also on site :
- Keir's last Christmas in No10? Voters believe Starmer will be gone within a year as anger mounts in Labour ranks at shambolic government
- Fergie and Andrew's farewell party: Couple were set to throw a last Christmas bash at Royal Lodge for friends - so who was in their inner circle before their disgrace?
- Highpoint Health Behavioral Health Addresses the “Winter Blues,” Raises Awareness for Seasonal Affective Disorder (SAD)