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  #1  
Old Posted Oct 12, 2021, 10:07 AM
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JERSEY CITY | Journal Squared Phase 3 | 640 FT | 60 FLOORS

Developers Break Ground On Journal Squared’s 60-Story Tower 3 In Jersey City



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Construction is now underway on the final tower of Journal Squared, a three-skyscraper development in Jersey City. Designed by HWKN Architecture and Handel Architects and developed by Kushner Real Estate Group and National Real Estate Advisors, the 60-story building will yield 600 rental apartments with interiors designed by Christopher Stevens.

The complex is located in the city’s Journal Square neighborhood, which has evolved into a vibrant commercial and residential district, as well as a transportation hub with connections to the New York City metropolitan area. The three-tower complex will comprise 1,840 residences, 36,000 square feet of dining and retail area, and a direct connection to the Journal Square Transportation Center.

“Our intent all along was to complement the existing mass-transportation infrastructure with new residential, retail, and open space to create a well-balanced lifestyle for residents that would also have a lasting impact on the city as a whole,” said Jonathan Kushner, president of KRE Group. “We’re delighted to now begin work on the third tower, which will bring our full vision to fruition.”

The project team is also celebrating the completion of leasing at Journal Squared Tower 2, a milestone achieved in just five months. The Marketing Directors is in charge of marketing and leasing services for the second tower, which is located at 615 Summit Avenue.

“The robust leasing activity we experienced in Tower 2 over the past five months demonstrates the enormous demand that exists here,” said Kushner. “That speaks volumes about the product we’ve delivered, and the growing appeal of the neighborhood itself.”

The new tower will feature 18,000 square feet of amenities. The new social spaces will include a performance lounge, a karaoke room, and recording spaces. Residents will also enjoy a makerspace area, a co-working lounge, a lobby café, and a sky lounge. These new amenity offerings will complement the nearly 100,000 square feet of indoor and outdoor amenities spread throughout the first two buildings that are shared by all residents.

“Building upon the success of phases one and two, we look forward to continuing to contribute to the growth and vibrancy of Jersey City with the third tower,” said Jeffrey Kanne, president and CEO of National Real Estate Advisors. “Journal Squared is a hallmark build-to-core project for National delivering on our commitment to create value, provide jobs, and strengthen economic vitality in the places where we invest.”
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  #2  
Old Posted Oct 12, 2021, 1:24 PM
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Woohoo!
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Old Posted Oct 12, 2021, 2:59 PM
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the CTBUH has phase 3 pegged at 633' tall.

is that figure accurate enough to throw in the thread title?
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Old Posted Oct 12, 2021, 3:13 PM
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Originally Posted by Steely Dan View Post
the CTBUH has phase 3 pegged at 633' tall.

is that figure accurate enough to throw in the thread title?
It's 640ft per the FAA
https://oeaaa.faa.gov/oeaaa/external...88883118&row=1

The lightening rod is 662ft, but isn't included in the total.
https://oeaaa.faa.gov/oeaaa/external...88881300&row=0
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Old Posted Oct 12, 2021, 3:26 PM
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Journal Square has come a long way. I place all credit on former city planner Bob Cotter for the vision. Everyone is complaining about development now, but the Journal Square of the 80s and 90s was a very different place. Things have definitely gotten better.
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Old Posted Oct 12, 2021, 3:30 PM
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This wildly successful project sprouting its third tower makes the innability of 1 Journal Square to even get out of the ground even stranger.
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Old Posted Oct 14, 2021, 5:41 PM
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Title updated per FAA report.
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Old Posted Oct 14, 2021, 5:42 PM
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Originally Posted by Busy Bee View Post
This wildly successful project sprouting its third tower makes the innability of 1 Journal Square to even get out of the ground even stranger.
Amen to that, and the other two phases of Urban Ready Living (URL Phase II and III).

I believe with URL, it was market conditions, although phase I did great sales wise, the other phases are risk based, and hence, when the time is right, I'm hoping those will rise and fill the area up.
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Old Posted Oct 14, 2021, 7:07 PM
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Originally Posted by chris08876 View Post
Title updated per FAA report.
Chris, I didn't know you're a mod. Congrats! Must be a tireless job at times.
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  #10  
Old Posted Oct 14, 2021, 10:36 PM
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Chris, I didn't know you're a mod. Congrats! Must be a tireless job at times.
Just for the Global Projects & Construction and its sub forums. NYC and the tri-state tests the memory trying to remember where we are at with each project in its development stages.

I'm glad so many projects are coming online again and newer ones are being proposed. 2021 and beyond is looking bright for the tri-state!
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Old Posted Nov 8, 2021, 12:08 AM
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Old Posted Jan 3, 2022, 1:37 AM
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Old Posted Jan 6, 2022, 3:56 AM
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Glad to see momentum. I wonder when the other Urban Ready Living towers are starting on a side note. I know they were waiting for the 1st tower to sell out, which given its sales history, would be enough to start Phase II.
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Old Posted Mar 2, 2022, 1:40 AM
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Old Posted Mar 8, 2022, 2:59 AM
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Old Posted Apr 17, 2022, 5:33 PM
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Old Posted Apr 25, 2022, 11:28 PM
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Old Posted Jun 20, 2022, 10:28 PM
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Last edited by chris08876; Nov 21, 2022 at 1:46 PM. Reason: fixed
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Old Posted Jul 20, 2022, 9:35 PM
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Last edited by chris08876; Nov 21, 2022 at 1:46 PM. Reason: fixed
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Old Posted Aug 14, 2022, 5:31 PM
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