Kushner Companies

2 Rector Street

Plans For 452-Unit Rental Conversion Of 26-Story Office Building At 2 Rector Street Abandoned, Financial District

10:00 am on March 9, 2016 By Reid Wilson

During the summer of 2015, Kushner Companies and CIM Group filed plans with the Department of City Planning to convert the 26-story, 466,000-square-foot office building at 2 Rector Street, in the Financial District, into 452 rental apartments. The developers are now abandoning those plans and are in contract to sell the office building to Cove Property Group for roughly $225 million, according to the New York Post. The sale comes three years after Kushner and CIM acquired the property for $140 million. The new owners plan to continue leasing the property to commercial tenants. It was 84 percent occupied in 2015, by multiple tenants.

65 Bay Street

50-Story, 446-Unit Residential Tower Wraps Up Construction At 65 Bay Street, Jersey City

11:00 am on March 8, 2016 By Reid Wilson

Back in September of 2015, YIMBY brought you construction shots of the planned 50-story, 446-unit residential tower at 65 Bay Street, in Jersey City’s Powerhouse Arts District. At the time, the structure was roughly 35 stories in height, and has since topped out at 484 feet above street level. The rental project, dubbed Trump Bay Street, accumulated $50 million in financing from the EB-5 program, Bloomberg Politics reports. It’s 41,000 square feet of amenities include an outdoor pool, an indoor golf simulator, along with a large parking garage, which connects to Trump Plaza Residences (built of 2008). Kushner Companies and KABR Group are the developers and Humphreys & Partners Architects is designing. Completion is expected this upcoming summer.

One Journal Square

Tax Breaks Approved For One Journal Square’s 56-Story, 744-Unit Mixed-Use Tower, Jersey City

6:30 am on November 17, 2015 By Reid Wilson

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.

65 Bay Street

50-Story, 446-Unit Rental Tower Rising At 65 Bay Street, Jersey City

2:00 pm on September 17, 2015 By Reid Wilson

In early 2014, YIMBY revealed renderings of the 50-story, 446-unit 65 Bay Street, in Jersey City’s Exchange Place neighborhood. Now, courtesy of Tectonic Photo, the building is roughly 35 stories up and rapidly rising. Kushner Companies and KABR Group are developing the tower, which will have 41,000 square feet of amenities. Cladding is also beginning to make its way up the sides, and the existing parking garage is getting a facelift. Humphreys & Partners is designing, and completion is expected in 2017.

666 Fifth Avenue

Developers Propose 1,400-Foot-Tall Mixed-Use Tower At 666 Fifth Avenue Office Building, Midtown

6:00 am on September 11, 2015 By Reid Wilson

Vornado Realty Corp. and Kushner Companies are proposing to redevelop the 41-story, 1.5-million square-foot commercial building at 666 Fifth Avenue, in Midtown between East 52nd and 53rd Streets, into a 1,400-foot-tall mixed-use tower. According to the New York Post, the building would include a significant retail podium, which will be topped by a slender tower featuring a hotel and residences. Zaha Hadid has been tasked to design, and Kushner owns a majority of the property, although Vornado currently owns the building’s retail condominium along Fifth Avenue, and Zara owns a separate retail portion.

Fetching more...