Jersey City

Tishman Speyer has secured a $331 million construction loan to begin development on 50 Hudson Street, the second phase of a two-tower residential project in Jersey City, New Jersey. The 40-story tower is planned to deliver 924 rental apartments, 10,000 square feet of ground-floor retail, and a new public plaza connecting to the Hudson River esplanade. The building was designed in collaboration with Handel Architects, Marchetto Higgins Stieve Architects, Hollander Design, Melillo Bauer Carman, and Michaelis Boyd.

LeFrak recently completed the largest solar panel installation in New Jersey on 180 River Drive, a high-rise residential building located in Jersey City. The property, named the Beach, yields 336 units and completed construction in 2020. It now features a 180kW rooftop solar system with 450 panels, which is expected to offset 13 percent of the building’s carbon emissions, equivalent to removing 37 gasoline-powered cars from the road each year.

The Café at Journal Squared, presented by Almost Home, recently opened its doors at the base of the third and final tower of Journal Squared, a 60-story residential skyscraper at 595 Pavonia Avenue in Jersey City, New Jersey. Designed by Handel Architects and HWKN and developed by KRE Group alongside National Real Estate Advisors, the three-tower complex is located above the Journal Square PATH Station in Jersey City. Journal Squared yields a total of 1,840 residences across 2.3 million square feet. Tower 1 and 2 stand at 53 and 68 stories, respectively.

Construction is nearing completion on The Journal, a two-tower residential and retail complex at 10 Journal Square Plaza in Jersey City, New Jersey. Designed by Woods Bagot with interiors by 1159 and developed by Kushner, the nearly $1 billion project consists of two 64-story towers connected by a multi-story podium and will span approximately 2 million square feet with 1,723 rental units and 40,000 square feet of retail space leased by Target. The property is bound by Sip Avenue to the south and Bergen Avenue and John F. Kennedy Boulevard to the west.