When it comes to new construction in Jersey City’s Journal Square, no firm is more prominent than Kushner Real Estate Group, which has continued development of the massive Journal Squared complex with the recent ground-breaking of the project’s second skyscraper, now climbing above ground level. YIMBY spoke with the firm’s eponymous president, Jonathan Kushner, to discuss the site and its impending second and third towers, KREG’s general portfolio growth, as well as Mr. Kushner’s outlook on the state of the neighborhood and the local market.
After a few years of waiting, construction has finally begun on the second phase of Journal Squared, in Jersey City’s Journal Square neighborhood. Back in August, YIMBY interviewed Mayor Fulop who indicated progress on the site would be imminent, and now the latest photos from apophenic show that excavation has officially commenced on the tower. Designed by HWKN/Hollwich Kushner and Handel Architects, it will stand 72 floors and 759 feet to its rooftop.
As Jersey City’s waterfront boom only keeps getting bigger, the action over at Journal Square has taken a backseat, especially with the completion of the first tower within Journal Squared. But with that project’s second phase now getting ready to break ground, plans for the nearby One Journal Square are also apparently gearing to move forward.
Back in 2014, YIMBY sat down with the Mayor of Jersey City, Steven Fulop, to discuss the latest happenings across the Hudson. The city’s skyline has been continuously changing since then, and YIMBY revisited similar topics once more in an interview with the Mayor this week.
Construction is reportedly getting underway on the six-story, 29-unit residential building under development at 61 Newkirk Street, in the Journal Square section of Jersey City. The condominium project will measure roughly 34,000 square feet. Titanium Realty Group and Old City Investment Partners are the developers. Kushner Studios is behind the architecture. The project was recently granted a five-year tax abatement, Jersey Digs reported. A construction timeline has not been disclosed.