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.
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