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Jersey City-based Grid Real Estate said March 2 that The Sterling building which has been undergoing a complete modernization for the past two years is now currently 70% leased across the 155,000-square-foot, 2-acre facility, totaling 40 tenants.

The historic textile mill is located at 15 Wilkinson Ave., and was originally built in 1864, it is in the process of being transformed from an industrial relic into a 21st-century art and creative hotspot.

Grid’s vision for The Sterling is to create a small business incubator that allows artisans, makers and creatives to have a place to work near their homes in Hudson County.

“Stuff like this is the fabric that holds a city together and when I look around at the development pipeline I don’t see it anywhere. Residential is more profitable to build but there needs to be a commitment for commercial development promoting the arts, small business, entertainment et al.,” says broker, Gregory Edgell.

The Sterling is moving on to the last stage of redevelopment which is a 20,000SF floorplate with 14-foot ceilings, sky lights, and a large roof deck with unobstructed views from Journal Square all the way to the Elizabeth docks catching Jersey City, New York, Brooklyn and beyond.

Recent lease activity includes anchor tenant Robert Pluhowski Furniture, Chi Modu, UNWRP, Dylan Egon, Nancy Cohen, along with The Sterling’s latest tenant Muvez Footwear.