Journal Squared

Journal Squared
General information
Type Residential Highrise
Location 615 Pavonia Avenue
Journal Square
Jersey City, New Jersey
Coordinates 40°43′52″N 74°10′25″W / 40.73111°N 74.17361°W / 40.73111; -74.17361Coordinates: 40°43′52″N 74°10′25″W / 40.73111°N 74.17361°W / 40.73111; -74.17361
Construction started 21 October 2014
Completed January 2017
Height
Roof 175 m (574 ft)
Technical details
Floor count 54
Design and construction
Architect Handel Architects
Hollwich Kushner
Developer Kushner Real Estate Group
Website
www.journalsquared.com

Journal Squared, or J2, is a retail and 3-tower residential complex under construction at Journal Square in Jersey City, New Jersey[1] Upon completion, the complex will consist of a 54-story, 60-story, and 70-story building. The project broke ground in October 2014 with the first building topping out in December 2015 at 54 stories and 574 ft (175 m) that will include the some of tallest buildings in the city[2][3][4] and tallest building in the state. The tallest building in New Jersey is the commercial Goldman Sachs office tower in Jersey City at 781 feet.[5]

Site

The site of the project is adjacent to the Journal Square Transportation Center on Summit Avenue across from the Hudson County Administration Building, the county seat of Hudson County and the Newkirk House, the oldest extant building in the county.

Funding and abatements

Journal Squared is project of Kushner Real Estate Group. It was first approved by the city council in December 2012 and was later granted a 30-year tax abatement and $10 million in bonds.[6] [2][3][4][7]

Design

The project has been designed by Handel Architects and Hollwich Kushner.[8][9][10] The project consists of three towers, and a mix of office, residential, and retail, although the project will be chiefly residential, with 2,000 new units. One of the main components is a large plaza occupying a portion of the lot, providing a focal point for public gathering and much needed open space in an area that is densifying quite rapidly. As development pressures continue to rise, Jersey City should continue gaining substantial verticality.[11]

See also

References

  1. ↑ "Going up! Journal Squared construction in Jersey City (PHOTOS)". Retrieved 5 July 2016.
  2. 1 2 "Featured News » New Development Planned for Journal Square Would Include the City's Tallest Tower, Fundamentally Change the Neighborhood". The Jersey City Independent. 2012-08-07. Retrieved 2013-12-31.
  3. 1 2 "Three residential towers to change the landscape of Journal Square, officials say". NJ.com. 2012-08-15. Retrieved 2013-12-31.
  4. 1 2 "Featured News » City Settles Lawsuit with Robinhood Plaza, Permits 42-Story Zoning for Property Along Summit Ave". The Jersey City Independent. 2012-11-29. Archived from the original on 2012-11-29. Retrieved 2013-12-31.
  5. ↑ "Jersey City breaks ground for state's tallest apartment building". NJ.com. Retrieved 2017-04-14.
  6. ↑ "Jersey City council awards 30-year tax break for Journal Square towers". Retrieved 5 July 2016.
  7. ↑ "Abatement deal approved for 1 850 unit Journal Squared complex Many residents concerned about length terms of deal with developers". Hudson Reporter. 2013-11-17. Retrieved 2017-04-14.
  8. ↑ "Journal Squared". Handel Architects. Retrieved 2014-01-10.
  9. ↑ "Journal Squared". Hollwich Kushner November 2016.
  10. ↑ "High Density Housing Rises in a Historic Part of Jersey City". The Wall Street Journal August 2016.
  11. ↑ Barbanel, Josh (2017-01-25). "Jersey City's Journal Square Is Making a Comeback, With Residential Towers". WSJ. Retrieved 2017-04-14.
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