New Jersey

First Journal Squared Tower Now 19 Stories Tall, Jersey City

6:30 am on September 1, 2015 By Reid Wilson

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.

Six-Story, 163-Unit Residential Building Rises At 715 Jersey Avenue, Jersey City’s Hamilton Park

3:00 pm on August 31, 2015 By Reid Wilson

A six-story, 163-unit residential building is currently four stories up at 715 Jersey Avenue, in Jersey City’s Hamilton Park neighborhood, on 10th Street. According to The Jersey Journal, the building sits on a 12-foot embankment, where a railway once operated; Conrail abandoned the rail line back in 1995. Completion is expected next summer, and LeFrak is developing the project, dubbed Embankment House. The same developer is also planning an identical residential building a block to the west, between Coles and Mammoth Streets.

Revealed: 2,100-Unit Mixed-Use Redevelopment Underway In Asbury Park, New Jersey

8:00 am on August 21, 2015 By Reid Wilson

iStar’s Jay Sugarman plans to lead a multi-billion dollar redevelopment that includes over 20 individual projects in Asbury Park, New Jersey, located roughly 40 miles south of Manhattan. The construction will be centered around 1.25 miles of Asbury Park ocean waterfront, on Ocean Avenue and Kingsley Street, between Cookman Avenue and Deal Lake Drive.

26-Story, 169-Unit Mixed-Use Project At 40 Rector Street Lands Financing, Newark

12:30 pm on August 20, 2015 By Reid Wilson

Following the approval of a 30-year tax abatement and a false ground-breaking in 2013, Boraie Development is now expecting to begin construction on a 26-story, 169-market-rate-unit mixed-use building at 40 Rector Street, in downtown Newark, a few blocks north of Penn Station. The existing six-story building will expand, and 8,500 square feet of retail will be located in the base. According to NJ Advance Media, Goldman Sachs is financing the majority of the project, dubbed One Riverview, and permits are currently be acquired to begin construction.

56-Story, 744-Unit Mixed-Use Tower Proposed At One Journal Square, Jersey City

10:00 am on August 20, 2015 By Reid Wilson

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.

3 Journal Square Plaza, rendering via Marchetto Higgins Stieve Architects

13-Story, 240-Unit Mixed-Use Building Revealed At 3 Journal Square Plaza, Jersey City

7:30 am on August 18, 2015 By Reid Wilson

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.

Residential Conversion Planned For Factory At 43 Madison Street, Paterson, New Jersey

10:00 am on July 21, 2015 By Reid Wilson

Alma Realty is converting the enormous William Strange factory — on the block bound by Beech, Madison, Morton and Essex streets, in Paterson, New Jersey — into a residential complex, according to NorthJersey.com. The four- and three-story buildings, with two central courtyards, will house a total of 240 apartments. Some buildings have already been renovated, but completion of the entire complex is expected by mid-2016.

Mixed-Use Conversion Of Hahne’s Building At 609 Broad Street Underway, Newark

3:00 pm on July 14, 2015 By Reid Wilson

L+M Development Partners, along with a slew of other partners and investors, are currently converting the four-story, 400,000 square-foot Hahne & Co. building, located at 609 Broad Street, in downtown Newark, into a mixed-use structure. 160 residential units are being sculpted out of the upper levels, and 75,000 square feet of retail will occupy the ground floor, which includes a 30,000 square-foot Whole Foods.

Groundbreaking Next Month For 17-Story, 397-Unit Building At 515 Marin Boulevard, Jersey City

3:00 pm on July 13, 2015 By Reid Wilson

Jonathan Kushner’s KRE Group has received a $40 million tax break for their planned 17-story, 397-unit mixed-use building planned at 515 Marin Boulevard, in Jersey City’s Hamilton Park neighborhood. Twenty percent of the tower’s units will be affordable, and commercial space will measure roughly 20,000 square feet on the ground floor. The site is currently a parking lot, and groundbreaking is expected next month for an August 2017 completion, according to The Jersey Journal.

Eight-Story Building At 880 Bergen Avenue Slated For Residential Conversion, Journal Square

3:00 pm on July 9, 2015 By Reid Wilson

The eight-story, 45,000 square-foot mixed-use office building at 880 Bergen Avenue, in Jersey City’s Journal Square, has been purchased for $5.6 million by Bergen Academy Associates. The art deco building is slated for a residential conversion by the new owners, although it’s not known if the ground-floor commercial-retail will remain. GRID Real Estate and CBRE marketed the property.

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