40 Rector Street

26-Story, 169-Unit Mixed-Use Project At 40 Rector Street Lands Financing, Newark

12:30 pm on August 20, 2015 By Reid Wilson

Following the approval of a 30-year tax abatement and a false ground-breaking in 2013, Boraie Development is now expecting to begin construction on a 26-story, 169-market-rate-unit mixed-use building at 40 Rector Street, in downtown Newark, a few blocks north of Penn Station. The existing six-story building will expand, and 8,500 square feet of retail will be located in the base. According to NJ Advance Media, Goldman Sachs is financing the majority of the project, dubbed One Riverview, and permits are currently be acquired to begin construction.

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132 Waverly Avenue

Four-Story, Four-Unit Condo Project Filed At 132 Waverly Avenue, Clinton Hill

11:00 am on August 20, 2015 By Reid Wilson

Greenwich Village-based Wavbuilders, LLC, has filed applications for a four-story, four-unit residential building at 132 Waverly Avenue, in northern Clinton Hill, four blocks from the G train’s stop at Washington Avenue. The building will measure 6,210 square feet in total, and full-floor units will likely be condominiums, averaging 1,552 square feet each. Clinton Hill-based Brent Porter & Associates is the applicant of record.

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One Journal Square

56-Story, 744-Unit Mixed-Use Tower Proposed At One Journal Square, Jersey City

10:00 am on August 20, 2015 By Reid Wilson

Earlier this year, Kushner Companies and KABR Group acquired the development site at One Journal Square, in Jersey City’s Journal Square neighborhood, and now an initial rendering has surfaced of the project’s first tower. Proposed at 56 stories and 666 feet, the 1.1 million square-foot building will have 744 residential units, with 120,000 square feet of retail and office space in its nine-story base, per The Jersey Journal. The Planning Board has not yet approved the tower. Last year, YIMBY revealed Humphreys & Partners’ now-outdated proposal.

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