Trust reveals plans for stalled twin Jersey City towers

Plan for two towers at One Journal Square finally moving forward again

New York /
Mar.March 13, 2014 01:58 PM

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.

New renderings that YIMBY picked up, however, are more detailed and no longer show a walkway between the buildings.

Another developer was supposed to break ground on the development in 2007. But construction on the site was frozen by the economic downturn. The planned towers would house 1,500 residential units and 150,000 square feet of ground-floor retail, according to previous reports.

Jersey City itself is already evolving into a hot spot for New York City commuters, and the city offers incentives for new developers looking to build in transportation hubs like Journal Square and Bergen-Lafayette, as The Real Deal previously reported. [YIMBY]Angela Hunt


Related Articles

arrow_forward_ios
Gold Coast rush: NJ markets pick up in third quarter

Gold Coast rush: NJ markets pick up in third quarter

Gold Coast rush: NJ markets pick up in third quarter
Kushner Companies ends legal battle, resumes Jersey City project

Kushner Companies ends legal battle, resumes Jersey City project

Kushner Companies ends legal battle, resumes Jersey City project
30 Hudson Street in Jersey City and WeWork CEO Sandeep Mathrani (Wikipedia)

WeWork scores big lease at Goldman Sachs’ Jersey City office tower

WeWork scores big lease at Goldman Sachs’ Jersey City office tower
Loew’s Theater at 54 Journal Square Plaza in Jersey City and Jersey City Mayor Steve Fulop (Google Maps, Getty)

Jersey City moves forward with $40M renovation of Loew’s Theater

Jersey City moves forward with $40M renovation of Loew’s Theater
An aerial view and a rendering of The Element at 400 Claremont Avenue (Credit: Google Maps)

Jersey City mixed-use project lands $120M in financing

Jersey City mixed-use project lands $120M in financing
Airbnb lost by a landslide in Jersey City. What went wrong?

Airbnb lost by a landslide in Jersey City. What went wrong?

Airbnb lost by a landslide in Jersey City. What went wrong?
Results are in from Jersey City Airbnb referendum

Airbnb deflated as Jersey City voters tighten rental rules

Airbnb deflated as Jersey City voters tighten rental rules
 Newport Centre 4 at 545 Washington Boulevard and Richard LeFrak (Credit: Google Maps and Getty Images)

LeFrak looks to sell another Jersey City office building

LeFrak looks to sell another Jersey City office building
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...