EPIRE, a New York City-based real estate investment firm, has announced the acquisition of development rights to construct a new mixed-use property in Jersey City. Located at 161 Second Street within the historic Powerhouse Arts District, the through-block building will comprise 100,000 square feet including both residential and retail components.
The second tower of the Journal Squared complex, aka 537 Summit Avenue, is rising rapidly and will soon surpass the adjacent 574-foot-tall, 53-story building, which was the first completed segment of the upcoming trio of residential skyscrapers. The Jersey City property is designed by HWKN/Hollwich Kushner and Handel Architects and developed by Kushner Real Estate Development. The second phase of Journal Squared will rise 759 feet, yield 700 units, 18,000 square feet of retail space, and feature a gross floor space of roughly 1,000,000 square feet.
Façade work is nearing completion at 99 Hudson Street, the tallest skyscraper in New Jersey. Designed by Perkins Eastman and developed by China Overseas America, the topped-out 900-foot-tall residential tower soars prominently above the Jersey City skyline. Plaza Construction is in charge of building the 79-story project and Vidaris is overseeing the exterior envelope, which is getting close to wrapping up. Assembly of the glass crown and installation of the Jura limestone curtain wall on the lower levels are the only components remaining.
The reinforced concrete foundation walls for 25 Columbus Drive have reached street level in downtown Jersey City. Additional rebar is sticking out and pointing upward, indicating the location of the columns and walls for the ground-up, 626-foot-high mixed-use project. Handel Architects is designing and Mack Cali is developing the proposed 57-story skyscraper, while Fogarty Finger is the interior architect.
Construction at 533 Mercer Street, aka 289 Jordan, has risen above street level in the McGinley Square neighborhood of Jersey City. Located at the intersection of Mercer Street and Jordan Street, the 16-story mixed-use residential property will contain a total of 300 apartments. These will include 56 affordable housing units, 138 studios, 90 one-bedroom homes, 33 two-bedrooms, and six three-bedroom homes. The project is being designed by Marchetto Higgins Stieve Architects and developed by Mercer Jordan LLC, an affiliate of New York-based company Sequoia Development Group, GRID Real Estate and Dresdner Robin.
