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.
Morris County, N.J.-based K.D. Properties is planning to develop a six-story, 25-unit residential project at 469 Newark Avenue, located on the corner of Waldo Avenue in the Journal Square section of Jersey City. The new building will also include a 25-car parking garage on the ground floor, Jersey Digs reported. The Jersey City Board of Adjustments originally approved the project back in 2008, although it only recently received a tax exemption that will expire within five years. The site, which traded hands for $800,000 in 2015, is currently vacant. Construction is expected to be complete by early 2018.
A rendering has been revealed of the planned 15-story, 113-unit mixed-use building at 87 Newkirk Street, in the Journal Square section of Jersey City. The project will measure 129,500 square feet in total, featuring 5,000 square feet of ground-floor retail space, followed by 21,500 square feet of co-working space on the second and third floors. The residential units above will be rental apartments configured in studios and co-living suites with multiple bedrooms.