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Fulop Administration Announces $600 Million, Three-Tower Residential Project in Journal Square; Development will Kick-Start Revitalization in Heart of City

Mayor Steven M. Fulop address the attendance at his Ignaugural

JERSEY CITY – Mayor Steven M. Fulop announced today the administration’s plans to bring redevelopment to Journal Square, with a $600 million, three-tower residential project near the PATH station.
The project, by KRE Developers, will see three residential towers rise behind the Journal Square PATH station – on Summit Avenue between Pavonia and Magnolia Avenues. The three-phase project, called Journal Squared, will result in 1,840 market-rate units, as well as 36,000 square feet of retail space. Approximately 700 construction jobs will be created during each of the three phases, with ground expected to be broken later this year on the first phase.

“Jersey City residents have waited years, in fact, decades, for the revitalization of Journal Square,” said Mayor Fulop. “With this project, we will finally see real progress in Journal Square with a major residential development. We made a commitment that the success of development along our Hudson River waterfront would extend throughout the city, into areas like Journal Square and Bergen-Lafayette, and this project is the first example of how we are doing that. ” Continue reading Fulop Administration Announces $600 Million, Three-Tower Residential Project in Journal Square; Development will Kick-Start Revitalization in Heart of City

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