151 Bay Street Guide: Toll Brothers Condos at Provost Square, Powerhouse Arts District
151 Bay Street, Jersey City, NJ 07302. The third and final Provost Square tower: 259 new condominiums above the Powerhouse Arts District’s cobblestone plaza.
151 Bay Street is the newest condominium in the Powerhouse Arts District and the building that completed the Provost Square plan: 34 stories and 259 homes by Toll Brothers City Living with Sculptor Real Estate, finished in August 2024 on the block where the Manischewitz matzo factory once stood. It joins the sold-out 10 Provost and the rental Morgan as the third tower of the master development, fronting the restored cobblestone plaza that gives this district its character. For buyers who wanted new construction in the district after 10 Provost sold out, this is the building that answers.
Building facts
| Address | 151 Bay Street, Jersey City, NJ 07302 (Powerhouse Arts District, on the Provost Street pedestrian plaza) |
|---|---|
| Completed | 2024 (first residents took occupancy in August 2024) |
| Developer | Toll Brothers City Living with Sculptor Real Estate; architecture by SLCE, interiors by Bernheimer Architecture |
| Height and homes | 34 stories, 259 condominiums; the final phase of the three-tower Provost Square development |
| Residences | Studios to three bedrooms with floor-to-ceiling windows, white oak floors, and vented washers and dryers; the Loft Collection homes carry ceilings of roughly 11 to 13 feet |
| Ownership | Condominium; the tower does not appear in Jersey City’s long-term tax exemption schedules (the Provost Square PILOT belongs to the neighboring rental tower), so expect standard city taxes, and confirm dues and the exact figures on any unit |
| Parking | On-site garage with spaces offered separately from the homes; confirm availability and terms for the unit you are considering |
| Amenities | 24-hour attended lobby; an eighth-floor amenity level with an outdoor pool, sundeck with fire pit and grills, fitness center, yoga room, residents’ lounge, game lounge, children’s playroom, and a dog run with pet spa; a Sky Lounge on the 34th floor with a south-facing roof terrace |
| Getting to Manhattan | Grove Street PATH about three blocks away for direct World Trade Center and 33rd Street service; the Harsimus Cove light rail stop is a few blocks north |
What 151 Bay is like to live in
The district, then the building. The Powerhouse Arts District is a compact grid of early-1900s warehouses and newer towers between the Grove Street core and the waterfront, and Provost Square’s cobblestone plaza is its center of gravity; the master plan around the building includes a community theater and live-work artist studios. Inside, the building runs the full new-construction program: the eighth-floor amenity level with the pool and sundeck for the warm months, the 34th-floor Sky Lounge for the skyline, and a lobby staffed around the clock. Depending on the residence, exposures run from plaza and district views on the lower floors to open harbor and Manhattan panoramas up high.
The homes that set the price
Height and ceilings. The tower’s pricing ladders the way you would expect, with the view homes above the district’s warehouse rooflines commanding the premium, but the Loft Collection is the wrinkle worth understanding: those homes trade on volume, with ceilings up to roughly 13 feet, and they compete as much with the district’s converted lofts at Cooke Lofts and Waldo Lofts as with the tower floors above them. Outdoor space and parking do the rest of the separating.
Sales context
As the district’s newest building, 151 Bay’s early resale history is still being written, which makes the pricing discipline simple: sponsor-era pricing, the building’s first resales as they close, and the district’s closed history next door. I price it against 10 Provost, the district’s 2018 Toll tower, against the Oakman, and against the loft conversions, including Cooke Lofts, where I sold the same loft in 2021 and again in 2026. That pair of closings, both on the Track Record page, is the cleanest read on how fast this district has repriced.
What buyers should know
Confirm the tax figure on any unit before you fall in love with the monthly math; the tower appears conventionally taxed at the standard city rate, and the exact number belongs in your offer price. Parking is offered separately, so decide up front whether you need it and price it in. If you are cross-shopping 10 Provost resales against sponsor inventory here, compare the whole cost of ownership rather than the sticker: dues, taxes, parking, and what the Loft Collection ceilings are worth to you. And walk the plaza at night; district character is the reason to be here rather than on the Newport waterfront.
What sellers should know
Early resales in a new tower set precedents, and the first owners to sell either establish the building’s premium or give it away. The comp conversation is three-sided: what the sponsor sold and at what pace, what 10 Provost resales are doing a block away, and what the district’s lofts trade for on volume. A 151 Bay listing should be positioned against all three, with the Loft Collection and view homes framed for the specific buyer who pays for each. This is exactly the kind of pricing file I keep for the district.
Quick answers about 151 Bay Street
Is 151 Bay Street a condo or a rental building?
A condominium. Its 259 homes are for sale, unlike The Morgan, the rental tower in the same Provost Square development. 151 Bay is the development’s third and final phase.
Who built 151 Bay Street?
Toll Brothers City Living with Sculptor Real Estate, with architecture by SLCE and interiors by Bernheimer Architecture. Construction finished in 2024.
What amenities does 151 Bay Street have?
A 24-hour attended lobby, an eighth-floor amenity level with an outdoor pool, sundeck, fitness center, yoga room, lounges, a children’s playroom, and a dog run with pet spa, plus a 34th-floor Sky Lounge with a south-facing roof terrace.
How far is 151 Bay Street from the PATH?
About three blocks from the Grove Street PATH station, with direct service to the World Trade Center and the 33rd Street line. The Harsimus Cove light rail stop is a few blocks north.
How is 151 Bay different from 10 Provost?
Same district, same original developer, different vintages: 10 Provost is the sold-out 2018 tower whose homes now trade as resales, while 151 Bay is the 2024 building. They share the Provost Square plaza and compete for similar buyers, which is why pricing one means watching the other.
What was on the 151 Bay Street site before?
The block held the Manischewitz matzo factory property, part of the industrial history that gave the Powerhouse Arts District its warehouses and its name.
Nearby buildings
10 Provost · The Oakman · Cooke Lofts · Waldo Lofts · Grove Pointe · 149 Essex
Tools for this building
Jersey City Abatement Checker · Condo carrying cost calculator · NJ seller net sheet · Is new construction worth it on the Jersey City waterfront?
Talk to Anthony about 151 Bay Street
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