1 Journal Square is a proposed skyscraper complex at Journal Square in Jersey City, New Jersey by the Kushner Companies.[1][2] The initial version consisted of two towers with roughly 3,000 residential units and 160,000 square feet of commercial space, but the project has been scaled back as of 2020.
| 1 Journal Square | |
|---|---|
 | |
| General information | |
| Type | Residential |
| Location | Journal Square, Jersey City |
| Technical details | |
| Floor count | 52 |
| Design and construction | |
| Architect(s) | Woods Bagot |
| Developer | Kushner Companies, KABR Group |
There was a previously approved design by Becker + Becker Associates that was being developed by Harwood Properties.[3] Construction was never started on the project and Harwood eventually sold the property in January 2015.[4]
In August 2019, Kushner Companies lost a lawsuit in which they claimed they were unfairly denied tax abatements due the project.[5][6] The company and Jersey City later entered into a settlement agreement [7] where Kushner agreed to make a $2.5 million investment in local arts initiatives in exchange for the project's approval.
One Journal Square's latest version[8] is set to include twin 52-story high-rises over a 12-story base rising 710 feet to be built in two phases. The entire project includes 1,723 residential units, 41,000-square feet of retail space, and a 883-space parking garage. A sprucing up of the plaza outside the Journal Square PATH station is included in the development’s plans.
See also edit
References edit
- ^ T, Terrence (January 5, 2015). "Jared Kushner buys site of long-delayed Journal Square project for $27M". nj.com.
- ^ T, Terrence (May 10, 2017). "Kushner flap is latest wrinkle for 'vexing' Journal Square lot". nj.com.
- ^ One Journal Square | Buildings | EMPORIS
- ^ "Jared Kushner pays $27M for Jersey City site". The Real Deal New York. 5 January 2015. Retrieved 2015-11-23.
- ^ T, Terrence (June 28, 2018). "Kushner group sues Jersey City over stalled tower project, alleging anti-Trump bias". nj.com.
- ^ Zeitlinger, Ron (August 8, 2019). "Federal judge tosses Kushner Companies lawsuit over $821 million One Journal Square project". nj.com.
- ^ "Jersey City, Kushner reach accord in political bias lawsuit". AP NEWS. 2020-10-16. Retrieved 2020-11-13.
- ^ Fry, Chris (2020-11-06). "EXCLUSIVE: Details, Renderings Revealed for Kushner's One Journal Square". Jersey Digs. Retrieved 2020-11-13.