Developer Kushner Real Estate Group has successfully secured $45 million in construction financing for a new residential community in Bayonne, New Jersey. The project, which broke ground in 2018, is known as Harbor Station North and will comprise three distinct buildings. Components within include 200 rental apartments, 10,000 square feet of retail, and associated parking.
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.
KRE Group, developers of Jersey City’s Journal Squared towers, have now launched rental leasing for 485 Marin in the city’s historic Hamilton Park District. The development will yield the tallest buildings in Hamilton Park, which is more commonly known for its Victorian homes, brownstones, and tree-lined streets.
Jersey City’s ongoing development boom has chiefly been focused along the waterfront, but the tendrils of new construction have also started to wrap their way across increasingly distant swaths of the city, including 485 Marin Boulevard, in Hamilton Park. There, HWKN has designed an 18-story and 397-unit rental development for KRE Group, which is now almost complete.
New buildings replace old ones quite frequently, and skylines evolve. It isn’t very often that a development literally redraws the map, but that’s what has happened with Hudson Lights, located in downtown Fort Lee, N.J.