As Jersey City’s waterfront boom only keeps getting bigger, the action over at Journal Square has taken a backseat, especially with the completion of the first tower within Journal Squared. But with that project’s second phase now getting ready to break ground, plans for the nearby One Journal Square are also apparently gearing to move forward.
1 Journal Square
Yesterday, YIMBY featured an update on Kushner Companies’ 30 Journal Square, which has transformed from a 40-something-story building into a 72-story tower. Today, we have a fresh look at One Journal Square, which has also experienced a significant height bump. What was originally supposed to host two 50-odd story buildings will instead give rise to one tower of 56 floors, and another of 79 floors.
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.
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 Last year, YIMBY revealed Humphreys & Partners’ now-outdated proposal.
NOTE: DOB Digest will resume once filings begin again, as activity at the DOB has slowed to a crawl following the rush of submissions pre-building code change. 66 Ainslie Street [Curbed]: Slate Property Group has revealed renderings…