Journal Squared’s Tallest Building Underway in Jersey City
- Dec 12, 2018
Vertical construction has launched at Kushner Real Estate Group’s (KRE) luxury rental tower in Jersey City, N.J. The 704-unit building will rise 71 stories and, once completed, will be one of the tallest buildings in Jersey City.
The tower—which is part of a three-tower complex dubbed Journal Squared at 615 Pavonia Ave.—will also offer 18,000 square feet of retail space and will contain a total square footage of approximately 1 million square feet. The first tower in the complex topped out in 2015 at 53 stories, while the third tower will rise to 63 stories.
Dresdner Robin is providing engineering, environmental and design services on the property, while Hollwich Kushner led the architectural design, with Handel Architects serving as the architect of record. Melillo + Bauer Associates are providing landscape architecture services for the ground level and rooftop areas.
“There is more investment in this area of Jersey City and we’re seeing it firsthand,” said Dresdner Robin senior project manager Tim Lavin, in prepared remarks. “Developers are now taking a serious look at this area, and moving forward with plans for development, thanks in part to this multi-phase Journal Squared project.”
Earlier this year, KRE Group and National Real Estate Advisors secured $210 million in permanent financing for the Journal Squared complex, which will have a combined total of 1,840 units once completed.
Image courtesy of Dresdner Robin