May 2, 2022
BlueGate Partners Secures Construction Financing for The Devan in Jersey City, NJ

BlueGate Partners LLC, on behalf of Ursa Development Group and Fields Grade Development, has secured senior construction financing for the $150 million, 336-unit, Class-A transit-oriented multifamily development, located in Jersey City, New Jersey, along the Jersey City/Hoboken border. The Devan will offer convenient access to the Hudson-Bergen Light Rail stop as well as NJ Transit and PATH stations, allowing residents an easy commute to the major employment centers throughout the New York City metro area. Additionally, residents will enjoy the short walk to Hoboken’s popular Washington Street, lined with multiple shopping, dining, and nightlife options.