The state's current tallest building is the nearby Goldman Sachs tower at 30 Hudson Street, which rises 781 feet and 42 stories.
The 99 Hudson Street project will help create a skyline to rival the one across the Hudson River in Manhattan.
"This building will literally have the best views in the world," said Cindy Xiu, president of China Overseas America, which is behind the $500 million-plus tower, which is expected to be completed in 2018.
The new limestone tower, designed by Perkins Eastman Architects, will house 781 condos, at least 15,000 square feet of commercial space and 609 parking spaces. The project will receive no tax abatements from the city.
99 Hudson Street will be located just two blocks from the Exchange Place PATH station, the Hudson-Bergen Light Rail station, and the ferry terminal, offering residents short a 5-10 minute commute to Lower Manhattan.
Mayor Steve Fulop said China Overseas' investment, especially for a condominium project, is a significant sign of optimism about Jersey City and yet more proof that this is a "global city."
Once completed, 99 Hudson will give city residents a sense of pride. "It's going to remake the New Jersey skyline and the Jersey City skyline with a new, iconic building," said Mayor Fulop.
If built today, 99 Hudson would be the sixth tallest residential/mixed-use building in the nation, according to the Council on Tall Buildings and Urban Habitat, the group considered the international arbiter of skyscrapers. 99 Hudson would edge out 900 North Michigan Avenue, an office/residential tower in Chicago that tops out at 869 feet.
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