Journal Squared

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Journal Squared
Journal Squared June 2024.jpg
Journal Squared
General information
TypeResidential highrises
Location615 Pavonia Avenue
Journal Square
Jersey City, New Jersey
Coordinates 40°43′56″N74°03′47″W / 40.732141°N 74.063114°W / 40.732141; -74.063114
Construction started21 October 2014
CompletedSpring 2024
Height
Roof229.8 m (754 ft) 193 m (633 ft) 175 m (574 ft)
Technical details
Floor count54, 68, and 60
Design and construction
Architect(s) Handel Architects
Hollwich Kushner
Developer Kushner Real Estate Group
Website
www.journalsquared.com

Journal Squared, or J2, is a three-tower retail and residential complex at Journal Square in Jersey City, New Jersey. [1]

Contents

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 a 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. [2] [3] [4] [5] [6]

Design

The project was designed by Handel Architects and Hollwich Kushner. [7] [8] [9] The project consists of three towers, in which 2,000 new office, residential, and retail units will be built, with the residential spaces making up the majority of the complex. One of Journal Squared's main components is a large plaza occupying a portion of the lot, providing a focal point for public gathering and open space in an area that is rapidly becoming densely populated. As development pressures continue to rise, Jersey City should continue gaining substantial verticality. [10]

Construction

The project broke ground in October 2014 with the first building topping out in December 2015 at 54 stories and 574 ft (175 m). Construction began on the second and tallest of the three towers in 2018. [11] The second tower topped out in December 2019. [12] The third tower, consisting of 600 units and rising 60 stories, broke ground in October 2021. [13] [14] The buildout of all three phases were completed in spring 2024. Journal Squared will include three of the tallest buildings in the city. [3] [4] [5] In November 2024, there was a ribbon-cutting ceremony for the third tower. [15]

See also

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References

  1. Villanova, Patrick (August 27, 2015). "Going up! Journal Squared construction in Jersey City (PHOTOS)". The Jersey Journal. Retrieved July 5, 2016.
  2. McDonald, Terrence T. (November 14, 2013). "Jersey City council awards 30-year tax break for Journal Square towers" . Retrieved July 5, 2016.
  3. 1 2 Hunger, Matt (August 7, 2012). "New Development Planned for Journal Square Would Include the City's Tallest Tower, Fundamentally Change the Neighborhood". The Jersey City Independent. Archived from the original on February 7, 2014. Retrieved December 31, 2013.
  4. 1 2 McDonald, Terrence T. (August 15, 2012). "Three residential towers to change the landscape of Journal Square, officials say". NJ.com. Retrieved December 31, 2013.
  5. 1 2 Hunger, Matt (November 29, 2012). "City Settles Lawsuit with Robinhood Plaza, Permits 42-Story Zoning for Property Along Summit Ave". The Jersey City Independent. Archived from the original on November 29, 2012. Retrieved December 31, 2013.
  6. Wright, E. Assata (November 17, 2013). "Abatement deal approved for 1 850 unit Journal Squared complex Many residents concerned about length terms of deal with developers". Hudson Reporter. Archived from the original on November 24, 2016. Retrieved April 14, 2017.
  7. "Journal Squared". Handel Architects. Retrieved January 10, 2014.
  8. "Journal Squared". Hollwich Kushner November 2016.
  9. Volner, Ian (August 3, 2016). "High Density Housing Rises in a Historic Part of Jersey City". The Wall Street Journal. The Wall Street Journal August 2016.
  10. Barbanel, Josh (January 25, 2017). "Jersey City's Journal Square Is Making a Comeback, With Residential Towers". The Wall Street Journal. Retrieved April 14, 2017.
  11. "71-story high-rise under construction in Jersey City". Civil + Structural Engineer. December 11, 2018.
  12. Young, Michael (December 8, 2019). "Journal Squared's Second and Tallest Tower Tops Out in Jersey City". New York YIMBY. Retrieved March 9, 2020.
  13. "KRE Group breaks ground on Journal Squared's third tower, shows off second tower views (PHOTOS)". The Jersey Journal. October 6, 2021.
  14. Fry, Chris (October 6, 2021). "600-Unit Third Phase of Journal Squared Breaks Ground in Jersey City". Jersey Digs. Retrieved October 6, 2021.
  15. Fry, Chris (November 7, 2024). "Ribbon Cutting For Third Journal Squared Tower Completes Jersey City Development". Jersey Digs. Retrieved November 14, 2024.