When it comes to new construction in Jersey City’s Journal Square, no firm is more prominent than Kushner Real Estate Group, which has continued development of the massive Journal Squared complex with the recent ground-breaking of the project’s second skyscraper, now climbing above ground level. YIMBY spoke with the firm’s eponymous president, Jonathan Kushner, to discuss the site and its impending second and third towers, KREG’s general portfolio growth, as well as Mr. Kushner’s outlook on the state of the neighborhood and the local market.
YIMBY has covered plans for a new office building at 1241 Broadway extensively over the past few weeks, first reporting on the applications and initial rendering, and then checking in on site progress. Today, we can reveal the updated current design thanks to developer Michael Kirchmann of GDSNY, who also told us all about the project and its burgeoning surrounds in an interview ahead of the groundbreaking ceremony, scheduled for this morning. Sweden-based Klovern is also behind the plans.
Once again, January has arrived, alongside New York YIMBY’s annual pipeline report. After our mid-2018 update portended a banner year for new construction, the 2019 report has confirmed it, as the total number of multi-family units filed with the Department of Buildings saw a tremendous surge over the past 365 days. 2018 saw 32,580 multi-family units filed with the DOB, beating 2017’s total of 19,180 units by a whopping 70%. The full 2019 report, containing all 2,482 of 2018’s new building filings in spreadsheet format, is available at the following link for $199.
The Gladstone family has a long history of construction in New York, and the family’s current venture, Madison Equities, was founded in the mid-1960’s. Now, Madison is behind what will imminently become the first actual residential supertall below 34th Street in Manhattan, with 45 Broad Street set to rise 1,127 feet to its peak. Last week, Madison Equities’ CEO Robert Gladstone sat down with YIMBY to talk about that project, as well as everything else in the firm’s pipeline for the Five Boroughs.
YIMBY recently sat down with Larry Silverstein to discuss his firm’s upcoming projects, as well as the status of the World Trade Center’s last remaining office supertall-to-be, at 200 Greenwich Street. With 3,000 new rental units in the works and Norman Foster’s design still on the table for Two World Trade Center, the scope of work Mr. Silverstein is undertaking is also now expanding into Journal Square and Queens.