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.
Construction is underway on the fourth floor of the 17-story, 397-unit mixed-use building being developed at 515 Marin Boulevard, located between Eighth and Ninth streets in the Hamilton Park section of Jersey City. The construction update is possible thanks to a photo posted to the Forums. Dubbed Marin Residences, it will also feature 20,000 square feet of ground-floor retail space. Residential units will be located above, of which 20 percent (80 units) will be designated as affordable. It’s unclear if the apartments will be rentals or condominiums. A 261-car parking garage is also being built, in addition to a 30,000-square-foot public park directly behind the project. Kushner Real Estate Group and Claremont Properties are the developers. HWKN Architects is behind the design and completion is expected in late 2017.