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.
Back in September, the latest renderings were revealed of HFZ Capital Group’s 33-story mixed-use hotel and residential building planned at 12-20 West 40th Street, along Bryant Park in Midtown, and now Tectonic has the latest photos of its construction. The structure is currently six stories above street level and features a slight setback past the fifth floor. The first five floors are flush with the existing street wall. Upon completion in early 2017, The Bryant (not to be confused with the Bryant Park Hotel) will have 230 hotel rooms and 57 condos, as well as retail space and a restaurant on the ground floor. David Chipperfield is the design architect.
Property owner Shahida Khan has filed applications for a seven-story, 10-unit mixed-use building at 65-27 Roosevelt Avenue, in Woodside, a stone’s throw away from the 7 train’s stop at 69th Street. The development will measure a total 10,833 square feet, and will include 1,715 square feet of ground-floor retail and 1,512 square feet of community facility on the second floor. Residential units above will average 761 square feet apiece, indicative of rentals. Flushing-based Ling Li is the architect of record, and a dilapidated two-story building must first be demolished.
Newark, New Jersey-based Blackstone 360 has secured $43.5 million in financing for their planned seven-story, 105-unit mixed-use project at 315 South Harrison Street, in East Orange, New Jersey. The building will be rentals and includes 30,000 square feet of ground-floor commercial space. Unfortunately, the structure will take on a tower-in-the-park configuration, per renderings by the developer. According to Real Estate Weekly, the financing will also be used to purchase Indigo 141, a 12-story, 105-unit apartment building a few blocks away at 141 South Harrison.
YIMBY brought you a construction update two months ago on the 32-story, 384-unit mixed-use building going up at 286 Ashland Place, in Downtown Brooklyn, which stood just 12 stories tall at the time. Since then, the structure has doubled to 24 stories, courtesy of a YIMBY reader’s photo, and façade installation has also begun. As previously reported, the building will will include significant retail and community spaces, and 20% of the units will be set aside as affordable. Two Trees is developing, TEN Arquitectos is designing, and completion is expected in August of 2016.