Modon forms JV to develop Harborside 4 in Jersey City

23 Dec 2025 CW Team

Designed by Handel Architects, Harborside 4 will comprise around 800 luxury rental apartments and condominiums, with completion targeted for Q1 2029. Approximately 75 per cent of the homes will be retained as rental units to generate recurring income, while the remaining 25 per cent will be offered for sale. Construction is scheduled to begin in Q1 2026.

The development will offer unobstructed views of the Manhattan skyline and feature lifestyle and hospitality amenities including a fitness club and concierge services. The site benefits from proximity to Manhattan via PATH rail services and ferry connections, with retail and dining options nearby. Construction financing will be provided by a consortium of banks led by J.P. Morgan.

H.E. 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.”

Bill O’Regan, Group CEO of Modon Holding, said the project aligns with the company’s international growth strategy and focus on enhancing long-term recurring income through high-quality urban developments.

Bruce A. Beal Jr., President of Related Companies, said the waterfront location minutes from Manhattan presents an exceptional opportunity to create premium urban homes, while Joseph Panepinto Sr., Founder and CEO of Panepinto Properties, said the project supports the continued redevelopment of Jersey City’s waterfront into a leading residential and commercial destination.

Headquartered in Abu Dhabi and listed on the ADX, Modon operates across real estate, hospitality, asset management and tourism, with an international portfolio spanning Europe and the United States.

Modon Holding PSC has announced a joint venture with Related Companies and Panepinto Properties to deliver Harborside 4, a 54-storey luxury residential tower on a prime waterfront site in downtown Jersey City. Modon will hold a majority equity stake in the project.Designed by Handel Architects, Harborside 4 will comprise around 800 luxury rental apartments and condominiums, with completion targeted for Q1 2029. Approximately 75 per cent of the homes will be retained as rental units to generate recurring income, while the remaining 25 per cent will be offered for sale. Construction is scheduled to begin in Q1 2026.The development will offer unobstructed views of the Manhattan skyline and feature lifestyle and hospitality amenities including a fitness club and concierge services. The site benefits from proximity to Manhattan via PATH rail services and ferry connections, with retail and dining options nearby. Construction financing will be provided by a consortium of banks led by J.P. Morgan.H.E. 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.”Bill O’Regan, Group CEO of Modon Holding, said the project aligns with the company’s international growth strategy and focus on enhancing long-term recurring income through high-quality urban developments.Bruce A. Beal Jr., President of Related Companies, said the waterfront location minutes from Manhattan presents an exceptional opportunity to create premium urban homes, while Joseph Panepinto Sr., Founder and CEO of Panepinto Properties, said the project supports the continued redevelopment of Jersey City’s waterfront into a leading residential and commercial destination.Headquartered in Abu Dhabi and listed on the ADX, Modon operates across real estate, hospitality, asset management and tourism, with an international portfolio spanning Europe and the United States.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..