A development team has leased up a new 704-unit luxury apartment tower in Jersey City, paving the way for the final phase of a landmark project in the historic Journal Square neighborhood.
Kushner Real Estate Group and National Real Estate Advisors have opened the second of three towers at their Journal Squared project in Jersey City, having leased more than 50 percent of its 704 luxury apartments amid the ongoing revival of a historic neighborhood.
Kushner Real Estate Group and National Real Estate Advisors are set to unveil a new 68-story apartment tower in Jersey City, the tallest in their three-phase Journal Squared project.
While local officials across New Jersey have hit the brakes on large-scale projects, Jersey City has made a deliberate effort to keep its pipeline flowing since the start of the health and economic crisis, as many developers remain bullish on its booming residential market.
The site of a well-known diner in Jersey City has changed hands, paving the way for potential redevelopment in the city’s newly revitalized Journal Square neighborhood.
Kushner Real Estate Group and National Real Estate Advisors LLC have closed on $258 million in construction financing for the second phase of Journal Squared, their high-profile mixed-use development in Jersey City’s historic Journal Square neighborhood.
Another site in the Journal Square section of Jersey City is slated for redevelopment, with plans calling for a mixed-use tower with 110 hotel rooms and more than 200 residential units.
Kushner Real Estate Group and National Real Estate Advisors have landed $210 million in permanent financing for the first phase of Journal Squared, a sprawling redevelopment in Jersey City that will bring three new towers with more than 1,800 apartments.
If recent moves by Google and Amazon are any indication of what’s to come in Manhattan, the residential market on New Jersey’s Gold Coast could be among the biggest winners.
