The skyline of Jersey City is on its way to getting another addition. It was announced Wednesday that the LeFrak Organization, which has been building in the city for decades, broke ground for a 43-story building, dubbed Ellipse, in the Newport section at the city’s northern end, just south of the Hoboken border.
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.
Kevin Shane and New Jersey-based Jeff Jordan Architects have conceptualized a 200-foot tall, 5,000-foot long pedestrian bridge linking Jersey City to Battery Park City, in Downtown Manhattan. Dubbed Liberty Bridge, the link would provide commuters with an alternative to public transit, according to Jersey Digs. The bridge would include both pedestrian and bike lanes, as well as retail spaces, works of art, park space, and solar panels.
Last week, YIMBY reported on the topping-out of the 69-story, 763-unit mixed-use tower under construction at 200 Greene Street, in Jersey City’s waterfront district, and now we can share photos of the view from the top of the 713-foot-tall tower. Dubbed URL Harborside, two more towers are planned, which will bring the site’s total number of apartments to 2,358. The first building will open for leasing at the end of 2016, according to developers Mack-Cali Realty Corporation and Ironstate Development Company.
Onyx Equities and Rubenstein Partners are renovating the 15-story, 320,000 square-foot office building at 30 Montgomery Street, in Jersey City’s waterfront district. According to Real Estate Weekly, the overhaul will include a glassy new two-story lobby, an updated façade, along with other improvements. The makeover is expected to be complete in December of 2015, and Cushman & Wakefield is marketing the building’s available space.