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.
Whether driving out from the Holland Tunnel, or taking I-78 East or Route 9 into Jersey City, the sight of Journal Squared, designed by HWKN/Hollwich Kushner and Handel Architects and developed by Kushner Real Estate Development, is hard to miss from the highways. Perched on the high hills above the PATH train station to the west of the downtown district, the views and sights of both Jersey City and Manhattan are unbeatable from the top floors. For the past couple of months, work has significantly geared up on the second phase of the complex, which will imminently yield a 72-story residential tower standing 759 feet.
After a few years of waiting, construction has finally begun on the second phase of Journal Squared, in Jersey City’s Journal Square neighborhood. Back in August, YIMBY interviewed Mayor Fulop who indicated progress on the site would be imminent, and now the latest photos from apophenic show that excavation has officially commenced on the tower. Designed by HWKN/Hollwich Kushner and Handel Architects, it will stand 72 floors and 759 feet to its rooftop.
Back in 2014, YIMBY sat down with the Mayor of Jersey City, Steven Fulop, to discuss the latest happenings across the Hudson. The city’s skyline has been continuously changing since then, and YIMBY revisited similar topics once more in an interview with the Mayor this week.
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.