Late in 2014, YIMBY reported on the ground breaking of Journal Squared’s first residential tower, located right around the corner from the Journal Square PATH station, in northwestern Jersey City. On Wednesday, Kushner Real Estate Group topped out the 53-story, 538-unit building, which stands 563 feet above street level, according to the Jersey Journal. Façade work is also now underway, and completion of the tower is expected in 2016. Once completed, Journal Squared will boast three towers and 1,838 residential units, along with 36,000 square feet of retail and restaurant space. The second tower to rise will stand 70 stories and the final tower will top out at 60 stories. HWKN is the design architect, while Handel Architects is serving as the architect of record.
Officially proposed last summer, New Jersey’s Economic Development Authority has approved $93 million in tax breaks for Kushner Companies and KABR Group’s planned 56-story, 744-unit mixed-use tower at One Journal Square, in Jersey City’s Journal Square district. According to the Jersey Journal, WeWork is expected to lease 101,000 square feet of office space on seven floors, and 78,000 square feet of retail space is planned on the bottom two levels. A second tower is also reportedly in the works, although completion of the first is expected in the spring of 2018.
In October 2014, YIMBY reported on the ground breaking of a 54-story, 538-unit residential tower in the heart of Jersey City’s Journal Square neighborhood. The building, the first within the larger Journal Squared project, now stands 19 stories tall, and is slated for completion in mid-2016, per The Jersey Journal. The other two towers will stand 60 and 70 stories, containing 600 and 700 additional residential units respectively. Kushner Real Estate Group is developing, while HWKN and Handel Architects are designing.
Earlier this year, Kushner Companies and KABR Group acquired the development site at One Journal Square, in Jersey City’s Journal Square neighborhood, and now an initial rendering has surfaced of the project’s first tower. Proposed at 56 stories and 666 feet, the 1.1 million square-foot building will have 744 residential units, with 120,000 square feet of retail and office space in its nine-story base, per The Jersey Journal. The Planning Board has not yet approved the tower. Last year, YIMBY revealed Humphreys & Partners’ now-outdated proposal.
Last November, developers Hartz Mountain and Panepinto Properties received a 30-year tax break for their 13-story, 240-unit mixed-use project at 3 Journal Square Plaza, in Jersey City’s Journal Square neighborhood. Marchetto Higgins Stieve Architects is designing the building, which YIMBY can now reveal.