YIMBY first brought you a look at plans for Kushner Companies’ 30 Journal Square, in Jersey City’s Journal Square neighborhood, back in March of 2014. Now, the city has approved plans for it to rise, though they will differ dramatically from what was previously posted, with Morris Adjmi Architects designing a soaring 72-story tower.
Kushner Real Estate Group’s 53-story, 538-unit mixed-use building at 605 Pavonia Avenue, in the Journal Square section of Jersey City, is now fully clad. The tower’s construction crane has been removed, as seen in a photo posted on Instagram by the owners via the YIMBY Forums. The rental tower contains a very large parking garage as well as retail space. It’s the first of three towers in the Journal Squared mega-development, which includes additional 60- and 70-story sibling towers. The entire development will boast 1,838 residential units and 36,000 square feet of retail space. As for this first completed tower, which topped out in December of 2015, occupancy is expected by the end of this year. HWKN and Handel Architects are responsible for the design. The complex will be located a stone’s throw away from the neighborhood’s PATH station.
Back in August and December of 2014, YIMBY revealed two different conceptual designs for a planned mixed-use development at 500 Summit Avenue, in the Journal Square section of Jersey City. HAP Investments has recently closed on the acquisition of the site for $26.6 million, despite false reports that the developer purchased the property in 2014, Commercial Observer reported. It was also revealed that CetraRuddy will be responsible for the design, the same firm that produced the conceptual renderings YIMBY released in 2014. Planned is a 42-story, 800-unit tower with 30,000 square feet of retail space. The entire building will encompass 916,955 square feet, and the residential units, which will be rentals, should average 981 square feet apiece. There will be a 100-car parking garage. The 80,000-square-foot site consists of a parking lot and two dilapidated, two-story residential buildings.
Late in 2014, YIMBY reported on the ground breaking of Journal Squared’s first residential tower, located right around the corner from the Journal Square PATH station, in northwestern Jersey City. On Wednesday, Kushner Real Estate Group topped out the 53-story, 538-unit building, which stands 563 feet above street level, according to the Jersey Journal. Façade work is also now underway, and completion of the tower is expected in 2016. Once completed, Journal Squared will boast three towers and 1,838 residential units, along with 36,000 square feet of retail and restaurant space. The second tower to rise will stand 70 stories and the final tower will top out at 60 stories. HWKN is the design architect, while Handel Architects is serving as the architect of record.
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.