Journal Squared
| Journal Squared | |
|---|---|
 The complex (background) in July 2023, with the third and final tower nearing completion | |
 | |
| General information | |
| Type | Residential highrises |
| Location | 615 Pavonia Avenue Journal Square Jersey City, New Jersey |
| Coordinates | 40°43′56″N 74°03′47″W / 40.732141°N 74.063114°W |
| Construction started | 21 October 2014 |
| Completed | Spring 2024 |
| Height | |
| Roof | 175 m (574 ft) |
| Technical details | |
| Floor count | 54, 68, and 60 |
| Design and construction | |
| Architect(s) | Handel Architects Hollwich Kushner |
| Developer | Kushner Real Estate Group |
| Website | |
| www | |
Journal Squared, or J2, is a three-tower retail and residential complex under construction at Journal Square in Jersey City, New Jersey.[1] Upon completion, the complex will consist of buildings of 54, 60, and 70 stories, among the tallest buildings in the state.
Site
The site of the project is adjacent to the Journal Square Transportation Center on Summit Avenue across from the Hudson County Administration Building, the county seat of Hudson County and the Newkirk House, the oldest extant building in the county.
Funding and abatements
Journal Squared is a project of Kushner Real Estate Group. It was first approved by the city council in December 2012 and was later granted a 30-year tax abatement and $10 million in bonds.[2][3][4][5][6]
Design
The project was designed by Handel Architects and Hollwich Kushner.[7][8][9] The project consists of three towers, in which 2,000 new office, residential, and retail units will be built, with the residential spaces making up the majority of the complex. One of Journal Squared's main components is a large plaza occupying a portion of the lot, providing a focal point for public gathering and open space in an area that is rapidly becoming densely populated. As development pressures continue to rise, Jersey City should continue gaining substantial verticality.[10]
Construction
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The project broke ground in October 2014 with the first building topping out in December 2015 at 54 stories and 574 ft (175 m). Construction began on the second and tallest of the three towers in 2018.[11] The second tower topped out in December 2019.[12] The third tower, consisting of 600 units and rising 60 stories, broke ground in October 2021.[13][14] The buildout of all three phases is scheduled to be completed in spring 2024. Once completed, Journal Squared will include three of the tallest buildings in the city.[3][4][5]
See also
References
- ^ "Going up! Journal Squared construction in Jersey City (PHOTOS)". 27 August 2015. Retrieved 5 July 2016.
- ^ "Jersey City council awards 30-year tax break for Journal Square towers". 14 November 2013. Retrieved 5 July 2016.
- ^ a b "Featured News » New Development Planned for Journal Square Would Include the City's Tallest Tower, Fundamentally Change the Neighborhood". The Jersey City Independent. 2012-08-07. Archived from the original on 2014-02-07. Retrieved 2013-12-31.
- ^ a b "Three residential towers to change the landscape of Journal Square, officials say". NJ.com. 2012-08-15. Retrieved 2013-12-31.
- ^ a b "Featured News » City Settles Lawsuit with Robinhood Plaza, Permits 42-Story Zoning for Property Along Summit Ave". The Jersey City Independent. 2012-11-29. Archived from the original on 2012-11-29. Retrieved 2013-12-31.
- ^ "Abatement deal approved for 1 850 unit Journal Squared complex Many residents concerned about length terms of deal with developers". Hudson Reporter. 2013-11-17. Retrieved 2017-04-14.
- ^ "Journal Squared". Handel Architects. Retrieved 2014-01-10.
- ^ "Journal Squared". Hollwich Kushner November 2016.
- ^ Volner, Ian (3 August 2016). "High Density Housing Rises in a Historic Part of Jersey City". Wall Street Journal. The Wall Street Journal August 2016.
- ^ Barbanel, Josh (2017-01-25). "Jersey City's Journal Square Is Making a Comeback, With Residential Towers". WSJ. Retrieved 2017-04-14.
- ^ "71-story high-rise under construction in Jersey City". 11 December 2018.
- ^ "Journal Squared's Second and Tallest Tower Tops Out in Jersey City". New York YIMBY. 2019-12-08. Retrieved 2020-03-09.
- ^ "KRE Group breaks ground on Journal Squared's third tower, shows off second tower views (PHOTOS)". 6 October 2021.
- ^ Fry, Chris (2021-10-06). "600-Unit Third Phase of Journal Squared Breaks Ground in Jersey City". Jersey Digs. Retrieved 2021-10-06.