Kushner has officially broken ground on One Journal Square, a two-skyscraper mixed-use complex in downtown Jersey City. The development will create more than 2 million square feet with a mix of rental apartments and amenities, retail space, an enclosed parking garage, and publicly accessible green space facing John F. Kennedy Boulevard.
Designed by Woods Bagot, both towers will top out at 64 stories with the residential component occupying the majority of the floor space. This includes 1,723 rental apartments ranging from studios up to three-bedroom units, and 45,000 square feet of amenities.
The amenity offering includes an Olympic-size indoor pool, a cold plunge pool and whirlpool spa, sauna and steam rooms, a bowling alley, a golf simulator, multiple lounges, co-working space, a chef’s kitchen, and a kid’s club. Health and wellness amenities will include a fitness center, a separate yoga and training room, a spin cycle suite, a full-size indoor basketball court, a rock-climbing wall, and a squash court.
Tenants will also have access to two landscaped rooftop terraces and an outdoor lounge pool with a hot tub.
Jersey City Mayor Steven Fulop, members of the management team at Kushner and others drove ceremonial shovels into the ground to mark the start of construction at One Journal Square, a nearly $1 billion mixed-use development that will create more than 2 million square feet of residential, retail, amenities, parking, and open space in the heart of the historic and well-connected Journal Square neighborhood.
Aerial rendering of podium and public plaza at One Journal Square – Woods Bagot
Rendering of public plaza at One Journal Square – Woods Bagot
“This project is bar none the most significant project we have in Jersey City and probably the most significant project in New Jersey,” said Jersey City mayor Steven J. Fulop. “If you can imagine this being completed in the next 36 months, and all the other things in Journal Square moving forward simultaneously, you can get a little bit of a glimpse of what it will be in three short years, and the most important project to make that a reality is One Journal Square.”
The ground floor will support 40,000 square feet of retail space. According to an announcement from the developer, a “AAA tenant” for the retail has been secured, but not yet announced by the project team.
One Journal Square is expected to be completed in 2026. Total project costs are estimated at approximately $1 billion.
“Today’s groundbreaking for One Journal Square has been several years in the making for us, and we are thrilled to begin the physical build-out of what we believe will be the crown jewel of this resurgent neighborhood and an important asset for all of Jersey City,” said CEO of Kushner Laurent Morali. “Our steadfast commitment to moving this pivotal project forward was founded in our strong belief in Journal Square, both in its present and in its future, and we look forward to bringing our vision to life.”
Rendering of podium and public plaza at One Journal Square – Woods Bagot
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Finally.
All this JC development has been in the works for several years. Since that time, people have discovered that “working from home” is a viable alternative….no matter where “home” is.
And if all the “For Rent” and For Sale” signs on the streets in downtown JC are any indication, it’s not necessarily in Jersey City.
Indeed, even the mayor of JC lives in Rhode Island.
Good luck to Kushner, but my prediction is that this construction will be “temporarily halted” at some point, as have some in Manhattan have already done.
No, work-at-home is NOT a viable, long-term paradigm. For many reasons, as employers and employees both found. Sure, some jobs were already remote before the virus, but these were jobs that were “out in the field”-type work. Jobs that thrive on cohesiveness of staff, or privacy/custody of data, belong at the employer’s offices. Many companies – including very prominent ones – have ordered their employees back to the office – and good for them. As CEO Barry Diller had said “You cannot run global corporations from everybody’s living rooms, in their underwear.”
Who is going to live there?
Is this a serious question?
Are PTACs required by law in Jersey City?
Nice!
Glad to read and learn that this project is finally becoming a reality. JC’ s different administrations have at many times frustrated developers in the past for either no apparent reason or for political spite. This Journal Square property has been any eyesore for so long with only lawsuit going forward. Finally a settlement and the developer Kushner was allowed to move forward. If there is anyone that doesn’t;t think this will be a vast improvement something is causing this not Kushner no further development. There still is room for further development in the area as well it should be. Full-speed ahed and keep the progress going forward. Nothing is or will be like yesterday!
yes…who is buying these apartments….i just don’t get it…..i work in that area quite often and no-one would CHOOSE live there….pay 800k to live there…..why?