The Real Deal New York

Kushner, KABR boost proposed height of JC skyscrapers

1,700-unit towers in Journal Square to rise 79 and 56 stories

August 18, 2016 05:01PM

Rendering of One Journal Square (click to enlarge)

Kushner Companies and KABR Group released new details and renderings for what will be one of New Jersey’s tallest and most expensive towers.

The developers’ $400 million One Journal Square project in Jersey City consists of two residential towers, one slated to rise 79 stories and the other topping out at 56 stories, New York YIMBY reported. Previous plans had both towers rising about 50 stories.

The 79-story structure would be the tallest of any already complete buildings in the Garden State (the proposed 99 Hudson Street, unbuilt, is expected to eventually rise 990 feet, eight feet taller than One Journal Square).

New project filings indicate that the dual towers at One Journal Square will hold 1,725 residential units with 89,000 square feet of retail, 127,000 square feet of office space and nearly 1,000 parking spots.

Kushner and KABR bought the site in January 2015 for $27 million in January 2015.

Kushner and KABR also jointly developing two other Jersey City projects at 30 Journal Square and at 65 Bay Street.

The Jersey City planning board approved plans Tuesday for 30 Journal Square, the former home of the Jersey Journal newspaper. That development also received a significant increase in size this week, from just over 40 stories to 72 stories.

The Real Deal reported in June that WeWork was considering taking 101,000 square feet at One Journal Square to build out a WeLive space.  [NY Yimby]James Kleimann

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