Mon. Aug 8th, 2022

Construction is now underway on the last tower of Journal Squared, a development with three skyscrapers in Jersey City. Designed by HWKN Architecture and Handel Architects and developed by Kushner Real Estate Group and National Real Estate Advisors, the 60-story building will provide 600 rental apartments with interiors designed by Christopher Stevens.

The complex is located in the city’s Journal Square neighborhood, which has developed into a vibrant commercial and residential neighborhood as well as a transportation hub with connections to the New York City metropolitan area. The three-tower complex will include 1,840 homes, 36,000 square feet of dining and retail space and a direct connection to the Journal Square Transportation Center.

“Our intention was constantly to complement the existing mass transport infrastructure with new housing, retail and open spaces to create a well-balanced lifestyle for the residents, which would also have a lasting impact on the city as a whole,” said Jonathan Kushner, chairman of KRE Group. “We are pleased to now begin work on the third tower, which will bring our full vision to reality.”

Reproduction of all three towers on Journal Squared - Greetings by Qualls Benson

Reproduction of all three towers on Journal Squared – Greetings by Qualls Benson

The project team is also celebrating the completion of the lease on Journal Squared Tower 2, a milestone achieved in just five months. The marketing directors are responsible for marketing and leasing services for the second tower, located at 615 Summit Avenue.

“The robust leasing activity we saw in Tower 2 over the last five months demonstrates the huge demand that is here,” Kushner said. “That says a lot about the product we’ve delivered and the growing appeal in the neighborhood itself.”

The new tower will have 18,000 square feet of facilities. The new social spaces will include a performance lounge, a karaoke room and recording rooms. Residents will also enjoy a makerpace area, a co-working lounge, a lobby café and a cloud lounge. These new offerings will complement the nearly 100,000 square feet of indoor and outdoor facilities spread across the first two buildings shared by all residents.

“Building on the success of Phases One and Two, we look forward to continuing to contribute to the growth and vitality of Jersey City with the Third Tower,” said Jeffrey Kanne, President and CEO of National Real Estate Advisors. “Journal Squared is a distinctive build-to-core project for National that delivers our commitment to creating value, creating jobs and strengthening economic vitality in the places where we invest.”

[From left to right]    Marc Kushner, Design Director, KRE Group;  Dan Gumble, Business Manager, IBEW Local Union 164;  Hudson County Executive Thomas DeGise;  Patrick Kellerher, President, Hudson County Building Trades;  Jersey City Mayor Steven Fulop;  Jonathan Kushner, Chairman, KRE Group;  Jefferey Kane, President and CEO, National Real Estate Advisors;  Murray Kushner, Chairman, KRE Group;  and Jeremy Kaplan, COO, KRE Group - Greetings from CAHN PR

[From left to right] Marc Kushner, Design Director, KRE Group; Dan Gumble, Business Manager, IBEW Local Union 164; Hudson County Executive Thomas DeGise; Patrick Kellerher, President, Hudson County Building Trades; Jersey City Mayor Steven Fulop; Jonathan Kushner, Chairman, KRE Group; Jefferey Kane, President and CEO, National Real Estate Advisors; Murray Kushner, Chairman, KRE Group; and Jeremy Kaplan, COO, KRE Group – Greetings from CAHN PR

Construction is expected to be completed in the spring of 2024.

Subscribe to YIMBY’s daily email

Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews

Leave a Reply

Your email address will not be published.