The first of three residential towers that will rise above Jersey City’s historic Journal Square neighborhood is on track to be complete by the end of this year, its developers said.
The project, known as Journal Squared, is being developed by The KRE Group and National Real Estate Advisors and is aimed at fueling the revival of the onetime commercial hub of the city. Plans ultimately call for 1,838 rental units, 36,000 square feet of retail and restaurant space and a pedestrian-friendly, public plaza alongside the busy Journal Square PATH station.
The first building will be a 52-story, 538-unit tower, according to a news release. The other two towers will be 60 and 70 stories, respectively.