search

The Real Deal Logo

Trending

Macerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoffLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aGVA sells Georgetown apartments for $25M in “forced sale” GVA sells Georgetown apartments for $25M in “forced sale” 
New York

Kushner plans 40-story tower on former Jersey Journal site

When finished, Jersey City building will hold 525 apartments

Rendering of 30 Journal Square in Jersey City, N.J., and its current state (Inset: Jared Kushner)
Rendering of 30 Journal Square in Jersey City, N.J., and its current state (Inset: Jared Kushner)

Kushner Companies and the KABR Group have released renderings for the planned conversation of the former Jersey City headquarters of the newspaper Jersey Journal. The property is slated to be turned into a 40-story tower holding 525 apartments.

The developer acquired the five-story, 101-square-foot building at 30 Journal Square in recent months, the blog New York Yimby reported.

Sign Up for the undefined Newsletter

A spokesperson for Kushner told The Real Deal that the building was purchased for $2.5 million.

Douglas Elliman served as the broker. The tower will step down toward the iconic structure, according to designs from architect Ismael Leyva.

The Jersey Journal, Hudson County’s 147-year-old daily newspaper, relocated to a new office in Secaucus in January. [NY Yimby] — Mark Maurer

Tags
Jersey CityKushner Companies