New Jersey Record
Bayonne
ApprovedOther

Shree Lakshmi Vardayini phased base development (50-story tower GDP)

Description

Amended PILOT enables phased construction — starting with six-story buildings and eventually a 50-story tower — on the former military base, with an extended 20-year build-out.

Impact summary

A generational, multi-phase development on the base that supporters say will anchor the Peninsula's growth.

Applicant

Name
Shree Lakshmi Vardayini Urban Renewal LLC
Address
Block 751, Lots 1.06-1.16 (former Military Ocean Peninsula)

At a glance

Hearings
1
Public comments
3
Total mentions
1

Last vote · City Council

Approved4–1

Last discussed Jan 21, 2026.

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