A developer who purchased 7.5 acres of vacant land on the Jersey City waterfront for $34.75 million two years ago has proposed a 2,150-unit residential complex, according to documents filed with the city.

The development, which has been named Crescent Park, would be located in Johnston Avenue next to Liberty State Park, and would include 50,000 square feet of retail space and 860 parking spaces.

The developers, Argent Ventures and Quadrum Global, also said a new city park would be built at the site, a transcript from the June 21, 2016 Jersey City Redevelopment Agency show.

JerseyDigs.com reported that Quadrum Global said on its website that "the site requires extensive environmental remediation, which is currently underway, and has numerous infrastructure challenges including construction of roads, utilities, and management of a combined sewage outfall."

The location provides easy access to Liberty State Park, the commuter ferries, as well as the Liberty State Park Light Rail Station.

The Quadrum Global description of the site says construction will begin in 2018. The website also said that the number of residential units could increase to 2,265. Quadrum Global representatives said the exact number of units proposed for the site had yet to be determined.

JerseyDigs.com reported that the proposal has not been heard yet by the Jersey City Planning Board.