Sits at the base of 119 residential rental and 159 condo homes. 2 Minutes from the PATH, 4 Minutes to the Light Rail. Right around the block from major developments. Sits at the base of 119 residential rental and 159 condo homes, and almost 1000 residential rental units nearby. The Powerhouse Arts District is a historic warehouse district in Downtown Jersey City, which takes its name from the unused generating station Hudson and Manhattan Railroad Powerhouse currently undergoing an extensive stabilization effort.This neighborhood was previously called "WALDO", an acronym for Work And Live District Overlay, but has since been renamed though is still occasionally used on maps and in local parlance. Part of what was once called the Horseshoe Section, the neighborhood's informal borders are Newport to the north, Exchange Place to the east, Paulus Hook to the south and Harsimus Cove to the west.