Construction Update: Journal Squared
By: Nikolai Fedak on March 6th 2014 at 12:00 pm
Jersey City entering a new development boom, and one of the largest projects underway is ‘Journal Squared,’ which promises to help revitalize the Journal Square neighborhood. The project’s architects are HWKN and Handel, and Kushner Real Estate is developing the site.
As the construction photos show, demolition on whatever used to exist is now complete, and excavation for the new towers is imminent; the trio of buildings will completely dominate the Journal Square skyline, which currently has no skyscrapers. The neighborhood is removed from the main cluster of waterfront high-rises in Jersey City, but it enjoys transit accessibility that compares with the city’s Downtown node.
Once Journal Squared gets underway, development is likely to ensconce surrounding blocks; the entirety of the project will have 1,840 units, which should be enough to provide a critical pedestrian mass. Journal Square has a wealth of opportunities, given its lack of density despite proximity to Manhattan, and Kushner’s mega-project should be enough to activate the neighborhood.
Phase I of Journal Squared will result in a 54-story building; the other two towers will stand 60 and 70 floors, with full build-out likely before 2020. Ground-breaking was expected this past December, but there does not appear to be any excavation equipment on-site; nevertheless, the site is clear, and activity appears to be imminent.
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