KRE President Jonathan Kushner to Join Panel at New Jersey Mega Multifamily Forum

jk-headshot-2013Jonathan Kushner, President of the Bridgewater-based KRE Group, will join a discussion panel of real estate experts from across the Garden State on Sept. 21st at the New Jersey Mega Multifamily Forum produced by Bisnow. The panel will run from 8:30 to 10 a.m. at the Liberty House Restaurant on Audrey Zapp Drive in Jersey City.

The panel will cover a wide variety of real estate development topics, including transit-oriented development, luxury apartment and condo communities rising in traditionally suburban towns, and the continued evolution of the Gold Coast. Panelists will discuss investment and development trends they see forming, and what they expect to see in 2017 and beyond.

“It is a pleasure to join a panel that already includes so many of our industry’s most successful and knowledgeable individuals,” Mr. Kushner said. “The New Jersey development market is incredibly active right now and there is a lot to discuss. I look forward to both contributing to the dialogue and learning from what my fellow panelists have to say.”

Mr. Kushner will enter the forum as one of the state’s most prolific residential developers in recent years. Just this month, KRE launched leasing of Hudson Lights, a 1 million square-foot mixed-use project in Fort Lee, NJ. In December, KRE will launch leasing of its highly anticipated Journal Squared community, which will ultimately deliver 1,838 luxury rental residences to the historic Journal Square neighborhood in Jersey City. KRE also broke ground this year on Rose Hall, a collection of 100 luxury rental residences rising near the train station in the Morris County town of Madison, NJ. KRE owns and operates residential properties throughout New Jersey, New York and eastern Pennsylvania, including multiple communities in Jersey City.

About The KRE Group

Headquartered in Bridgewater, NJ, KRE Group is one of the largest privately held diversified real estate companies in New Jersey.  It owns and manages more than 6,000,000 square feet of office, warehouse and retail space.  It also has a multi-family portfolio which exceeds 9,000 existing apartments, with an additional 7,000 in various stages of approval and construction. For more information, visit the company’s website at www.thekregroup.com.

The Economist Looks Toward JC

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In a report yesterday,  The Economist examines Mayor Fulop,  Jersey City growth, and development.

AT THE topping out ceremony held on the upper floors of the first of three towers being built in a hitherto unloved corner of Jersey City, Steven Fulop, the mayor, gazed across the water at Manhattan’s skyline, New York Harbour, the Statue of Liberty and bits of his home state. He shook his head and said to himself, “this is crazy, this is crazy”.

In a city once notorious for political corruption, Mr Fulop sometimes sounds like a character in a Frank Capra film. He is the son of Romanian immigrants who owned a delicatessen in nearby Newark. Mr Fulop is the grandson of Holocaust survivors. After the September 11th attacks, he left his job at Goldman Sachs, a bank, to join the marines. He served in Iraq in the war’s early months. After his deployment he returned to finance and to Jersey City. After an unsuccessful run for Congress, he was elected to the city council in 2005. He had little party backing and was outspent. His 2013 victory over Jerramiah Healy, the sitting mayor, represented a break from the city’s history of political patronage.

The tower, in Journal Square—a neglected commercial and residential district—is part of the first sizeable development there in half a century. Jonathan Kushner, the developer behind the Journal Square project, says “Jersey City has become a t-bill for investors”. Some others, who are not talking their book, seem to agree with him.

FULL STORY

JC Real Estate Update

Amanda Marsh at BisNow reports on the 2016 projects making a difference in the NJ real estate scene, including several in Jersey City. Bisnow will host its 5th Annual New Jersey State of the Market event Feb. 17, where experts will discuss the 2016 big picture.

BisNow

JONATHAN KUSHNER OF THE KRE GROUP.

KRE Group has its hands in some of the largest projects in New Jersey and Pennsylvania, reports president Jonathan Kushner. Its bread and butter: building quality residential properties that give tenants no reason to leave, he says. Think plenty of amenities and transportation options in “vibrant urban settings.” In Jersey City, Journal Squared’s first tower is under construction on a site that will include three towers; the building will total 538 units in a 640k SF, 53-story tower. KRE topped off on the building in December, and it will open in Q4.

FULL ARTICLE

 

What’s happening in Journal Square?

-9bdac1d7dc5c0086This week’s edition of NJ BIZ features a Joshua Burd report on The KRE Group and National Real Estate Advisors‘ new development “Journal Squared”.

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.

FULL ARTICLE