Jersey City is on track to get the tallest building in New Jersey, at over half the height of the World Trade Center, directly across the Hudson River in Manhattan.
A Chinese company is seeking approval from the city to build a 95-story condominium tower with more than 700 units.
"It further puts us on the map, furthers our goal for a world class skyline," said Mayor Steven Fulop.
The tower, with final city approval expected, will go just a block from the existing Goldman Sachs tower, which is currently the tallest building in New Jersey but about 150 feet shorter than the proposed condo will be.
Although surrounded by other high-rises, it is near the edge of the Paulus Hook historic district, where residents expressed some worries.
"I'm concerned about what this is going to do for the rest of us who live around here, it might get a little crowded," said Crystal Kovach.
But Fulop said that the property is already zoned for even more units, and it fits within the master plan for this part of downtown Jersey City.