The Pritzker Prize-winner revealed the mixed-use skyscraper earlier this week, which sees three rectangular slabs stacked perpendicular to each other.
Koolhaas said of his design: 'I am putting together familiar elements in an unfamiliar way. We are creating something slightly more memorable and slightly more energetic - what New Jersey lacks is some visible evidence of a new beginning.'
The $400 million (£200 million) project aims to be the focal point of an arts district, and will house public spaces on three levels.
If it wins the green light the scheme will become one of the tallest residential structure in the New Jersey area, and will replace a 130-year old former tobacco company.