KRE turns its focus to next phase of high-profile Journal Squared project

Jonathan Kushner, president of Kushner Real Estate Group — Photo by Jeffrey Vock for Real Estate NJ

By Joshua Burd – Kushner Real Estate Group is set to begin construction on the second of three residential towers at its Journal Squared project in Jersey City, following the success of a first phase that has leased nearly all of its 538 apartments in less than a year.

Set to rise 71 stories, the second luxury tower will be the tallest of the three and is slated for completion by spring 2021, KRE Group President Jonathan Kushner said. It will deliver 704 new units to the now fast-growing Journal Square neighborhood, along with some 60,000 square feet of new amenity space that will be open to all residents of the complex.

It is another milestone for a project that has brought new attention to Jersey City’s onetime commercial epicenter, anchored by the Journal Square PATH station, and KRE Group, which saw the area’s potential more than a decade ago when it began to assemble the site.

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