The Real Deal New York

Posts Tagged ‘Jersey City’

  • 235-grand

    Ironstate’s David Barry and 235 Grand Street

    Hoboken, N.J.-based Ironstate Development revealed renderings for its plan to build a 45-story rental tower on the site of a repurposed coal bunker in Downtown Jersey City.

    The 670-unit building at 235 Grand Street, near Marin Boulevard, will be part of the Liberty Harbor North development. Construction is expected to start in June, with plans to open sometime next year. HLW International is serving as the architect. [more]

  • Rendering of Journal Squred at 615 Pavonia Avenue

    Rendering of 615 Pavonia Avenue

    The first phase of Journal Squared, a trio of residential towers in the works for Jersey City, broke ground Monday.

    The 54-story tower at 615 Pavonia Avenue will contain 540 of the three-tower project’s planned 1,840 apartments. Upon completion, the development will span a total of 2.3 million square feet and contain a mix of retail, restaurants, lobbies and parking in the base of the three buildings. The tallest tower, at 70 stories, is on track to snag a Garden State record for its height. [more]

  • journal-square

    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. [more]

  • From left: New rendering and old rendering of City Center Towers

    From left: New rendering and old rendering of City Center Towers

    A property trust has released updated renderings of a long-delayed project in Jersey City’s Journal Square neighborhood.

    Multi-Employer Property Trust, associated with Washington, D.C.-based real estate firm Landon Butler, is developing the site at City Center, also known as One Journal Square. The original design by architectural firm Humphreys & Partners depicted twin 60-story buildings connected by a skybridge. [more]

  • shore-south,gif

    Jamie LeFrak and 20 Newport Parkway in Jersey City

    The Appellate Division of New Jersey Superior Court approved a $4.8 million judgment against LeFrak Organization heir Jamie LeFrak on Monday in a condominium development fraud lawsuit.

    LeFrak was accused of defrauding 16 owners of condominium units at Shore South at 20 Newport Parkway in Jersey City. The developer was constructing a high-rise in front of the complex, blocking the “unparalleled waterfront views” that the new tenants claimed salespeople had promised.  [more]

  • From left: 60 Fifth Avenue and 499 Washington Boulevard in Jersey City

    From left: 60 Fifth Avenue and 499 Washington Boulevard in Jersey City

    Forbes Media is departing its longtime home in Greenwich Village, at 60 Fifth Avenue, and relocating its 350 employees to Jersey City. [more]

  • A rendering of the tower in Jersey City's McGinley Square (Credit: KPN Architects)

    A rendering of the tower in Jersey City’s McGinley Square (Credit: KPN Architects)

    Maryland-based Sora Development is setting its sights on Jersey City with plans for a 20-story, $165 million residential tower that will target college students as well as working professionals facing a shortage of rental apartments. The building will have 300 apartments for students as well as 375 market-rate apartments and will be built in a joint venture with nearby Saint Peter’s University. [more]

  • laguna

    Laguna at 45 Park Lane South in Jersey City

    The LeFrak Organization’s 19-story Jersey City rental tower known as Laguna is fully leased after nearly six months, a spokesperson for the building told The Real Deal exclusively. [more]

  • Jonathan Kushner

    Jonathan Kushner

    WEEKENDEDITION “Business is better than ever,” according to Jonathan Kushner, president of the Kushner Real Estate Group. Kushner currently owns and manages more than 12 million square feet of commercial property in the New York area, but New Jersey has become his latest target.

    Kushner has recently begun a full push into northern New Jersey with several new projects, one of which is 18 Park, a 422-unit rental development in Jersey City that is 75 percent complete. [more]

  • Jersey City sees new wave of activity

    November 19, 2013 10:30AM
    From left:

    From left: Eugene Cordano, Joseph Covello, Jacqueline Urgo and Tom Pichi

    From the November issue: Jersey City — once considered by many in New York to be a pop-up city that primarily offered cheaper office and residential rents directly across the river — is evolving into something more. [more]

  • Jersey City

    Jersey City

    China Construction America has purchased a 1.1 million-square-foot building on the Jersey City waterfront, marking the firm’s second all-cash real estate deal in the New York area since April. [more]

  • 77 Hudson Street

    77 Hudson Street

    A two-bedroom penthouse on the 48th floor of Hovnanian Enterprises’ 77 Hudson condominium tower in Jersey City has set a new record price for a condo in the city with a $2.8 million sale. [more]

  • Steve Fulop and the Jersey City waterfront

    Steve Fulop and the Jersey City waterfront

    The new mayor of Jersey City wants to take generous tax breaks away from the waterfront and apply them to less prosperous neighborhoods in the city. Steve Fulop said his plan – which will be announced this week – would give developers the incentive to begin building in areas other than the waterfront, which has experienced a surge of projects in recent years. In particular, Fulop is looking to transform two neighborhoods – Journal Square and Bergen-Lafayette — that are well-connected to Manhattan by public transit. [more]

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  • A rendering of the Provost Square project

    Toll Brothers is moving ahead with a 38-story apartment building in Jersey City, putting an end to the battle to keep the project from being developed in a local arts district, the Wall Street Journal reported.

    The first phase of Provost Square is a $185 million, 420-unit project that Toll will break ground on this spring with an eye toward a 2015 move-in date. The complete project, located in Jersey City’s Powerhouse Arts District, will eventually have 925 condo and rental units, retail space, a 550-seat performing arts space and a pedestrian plaza.  [more]

  • Gene Kaufman and 70 and 90 Columbus Street

    Construction will begin in the next two months at a long-stalled 1.2 million-square-foot mixed-use project in Jersey City, the architect for the project told The Real Deal today. The two 50-story towers, designed by Gwathmey Siegel Kaufman + Associates Architects, were approved by the Jersey City Municipal Council and Planning Board in December, clearing the way for the massive project to move ahead, according to Gene Kaufman, owner of GSKA. [more]

  • Manhattan amenities come to Jersey City

    August 16, 2012 11:00AM

    From left: Jersey City and a rendering of Madox

    In a bid to compete with the ever-pricier Manhattan apartment market, Jersey City is adding Manhattan-esque amenities to the buildings rising there, the New York Post reported.

    For instance, Madox, a new rental building slated to open this fall, will be the first LEED-certified residential building in Jersey City and the first one to be “smoke-free,” the Post said. [more]

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  • From left: the groundbreaking and a rendering of 18 Park

    A new Jersey City, N.J. mixed-use development — 18 Park — broke ground today with Jersey City Mayor Jerramiah Healy in attendance, a statement from the developers said. The 422-unit luxury rental building will sit atop a new state-of-the-art facility for the Boys & Girls Clubs of Hudson County and is being developed by Ironstate Development and Kushner Real Estate Group. [more]

  • From left: Bayfront area and a rendering of the future development

    Jersey City has taken a crucial step towards the redevelopment of 100 acres of contaminated land on its western edge, according to the Wall Street Journal. NJ Transit began an environmental review of the plan last week, a precursor to extending the Light Rail to connect the region’s public transit to the area, known as Bayfront. An estimated $213 million extension of the Light Rail could help encourage developers to move forward with a plan to build 8,100 residential units, 1 million square feet of office space and 20 acres of park on the waterfront site. [more]

  • Allegedly abandoned buildings in Jersey City (credit: official Jersey City register)

    Jersey City officials have begun a push to flag the city’s estimated 950 vacant buildings, the Wall Street Journal reported, in an effort to cleanup blighted streetscapes. The measure utilizes the state’s strong abandoned property laws, which require landlords to register abandoned buildings and allow the state to repossess properties in order to sell them or tear them down and redevelop the land if a building is unoccupied for six months. [more]

  • From left: 200 West Street and 30 Hudson Street

    Goldman Sachs is reconfiguring its real estate footprint and, according to the New York Post, that could have a major impact on its 42-story Jersey City property that remains the tallest in the state. The firm plans to move some of its real estate, technology and administrative staff to its new headquarters at 200 West Street in Battery Park City from the 1.5 million-square-foot office it developed in 2004 at 30 Hudson Street in Jersey City. [more]