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.
Cogswell Realty has filed exploratory plans for a 45-unit mixed-use redevelopment of the former Streit’s Matzo Factory, at 148-154 Rivington Street, on the Lower East Side, DNAinfo reports. Plans of the mixed-use project surfaced over the summer, and in October, the developer filed permits to demolish the upper five floors of the six-story structure at 150 Rivington. Filings indicate further demolition work will occur. The redeveloped structure would boast condominium units, a single retail unit, and 26 storage units. Permits have not yet been officially filed with the Department of Buildings.
The city’s Economic Development Corporation held a press conference today to announce plans for the block-long and century-old Bedford Union Armory at 1555 Bedford Avenue in Crown Heights, which will get 13 stories of rental apartments, a recreation center, community event space and commercial space.
Over the summer, a black-and-white rendering was posted at the site of the planned 12-story, 75-unit mixed-use building at 69 East 125th Street, in East Harlem, and now a higher resolution rendering has surfaced, per Real Estate Weekly. Kutnicki Bernstein Architects is designing the rental building, which will include 5,643 square feet of ground-floor retail space. Twenty percent of the residential units will be rented at below-market rates. The site’s predecessors were demolished this past August, and completion is expected in the spring of 2017. Greystone Property Development is behind the project.
Earlier this year, YIMBY revealed the initial design for a 10-story, 83-unit mixed-use building at 196 Orchard Street, on the Lower East Side, but now Magnum Real Estate Group and Real Estate Equities Corporation have made changes to the project. The Real Deal reports an 11-story, 94-unit structure is now planned. Ismael Leyva remains the design architect, while Incorporated Architecture & Design is designing the interior. Units will be condominiums, ranging from studios to three-bedrooms, and a 30,000 square-foot Equinox gym will be located on the ground and second floors. Over the last few months, demolition of the site’s low-rise predecessors has wrapped up, and excavation equipment has arrived. Completion is expected in the second half of 2017.