In October 2014, YIMBY reported on the ground breaking of a 54-story, 538-unit residential tower in the heart of Jersey City’s Journal Square neighborhood. The building, the first within the larger Journal Squared project, now stands 19 stories tall, and is slated for completion in mid-2016, per The Jersey Journal. The other two towers will stand 60 and 70 stories, containing 600 and 700 additional residential units respectively. Kushner Real Estate Group is developing, while HWKN and Handel Architects are designing.
A six-story, 163-unit residential building is currently four stories up at 715 Jersey Avenue, in Jersey City’s Hamilton Park neighborhood, on 10th Street. According to The Jersey Journal, the building sits on a 12-foot embankment, where a railway once operated; Conrail abandoned the rail line back in 1995. Completion is expected next summer, and LeFrak is developing the project, dubbed Embankment House. The same developer is also planning an identical residential building a block to the west, between Coles and Mammoth Streets.
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 Last year, YIMBY revealed Humphreys & Partners’ now-outdated proposal.
Last November, developers Hartz Mountain and Panepinto Properties received a 30-year tax break for their 13-story, 240-unit mixed-use project at 3 Journal Square Plaza, in Jersey City’s Journal Square neighborhood. Marchetto Higgins Stieve Architects is designing the building, which YIMBY can now reveal.
Jonathan Kushner’s KRE Group has received a $40 million tax break for their planned 17-story, 397-unit mixed-use building planned at 515 Marin Boulevard, in Jersey City’s Hamilton Park neighborhood. Twenty percent of the tower’s units will be affordable, and commercial space will measure roughly 20,000 square feet on the ground floor. The site is currently a parking lot, and groundbreaking is expected next month for an August 2017 completion, according to The Jersey Journal.