1 Journal Square
| 1 Journal Square | |
|---|---|
 | |
 | |
| Alternative names | One Journal Square |
| General information | |
| Status | Tower 1: Topped-Out Tower 2: Under construction |
| Type | Residential |
| Location | Journal Square, Jersey City |
| Coordinates | 40°43′52″N 74°03′49″W / 40.7311°N 74.0635°W |
| Height | 710 feet (220 m) |
| Technical details | |
| Floor count | 64 (52 in each tower, 12 in base) |
| Design and construction | |
| Architecture firm | Woods Bagot |
| Developer | Kushner Companies |
| Structural engineer | Langan Engineering |
| Main contractor | AJD Construction |
1 Journal Square is a skyscraper complex under construction at Journal Square in Jersey City, New Jersey. Slated to become the fourth tallest building by structural height in Jersey City, construction began in 2022 after significant delays, and completion is expected in 2026.[1] The complex includes twin 52-story high-rises over a 12-story base rising 710 feet (220 m). As of July 2024, Tower 1 has topped-out.
History
[edit]A previously approved design by Becker + Becker Associates was being developed by Harwood Properties.[2] Construction was never started on the project and Harwood eventually sold the property to Kushner Companies in January 2015 for $27 million.[3][4]
An initial design consisted of two towers with roughly 3,000 residential units and 160,000 square feet of commercial space, but the project was scaled back in 2020. Construction began in 2022.
The current plan includes twin 52-story high-rises over a 12-story base rising 710 feet to be built in two phases. The entire project includes 1,723 residential units, 41,000-square feet of retail space, and a 883-space parking garage. A sprucing up of the plaza outside the Journal Square PATH station is included in the development’s plans.[5]
Legal issues
[edit]In August 2019, Kushner Companies lost a lawsuit in which they claimed they were unfairly denied tax abatements due the project.[6][7] The company and Jersey City later entered into a settlement agreement [8] where Kushner agreed to make a $2.5 million investment in local arts initiatives in exchange for the project's approval.
See also
[edit]References
[edit]- ^ Morris, Sebastian (19 June 2022). "Kushner Breaks Ground On One Journal Square In Downtown Jersey City". New York Yimby. Retrieved 18 July 2024.
- ^ One Journal Square | Buildings | EMPORIS
- ^ "Jared Kushner pays $27M for Jersey City site". The Real Deal New York. 5 January 2015. Retrieved 2015-11-23.
- ^ McDonald, Terrence T. (January 5, 2015). "Jared Kushner buys site of long-delayed Journal Square project for $27M". nj.com.
- ^ Fry, Chris (2020-11-06). "EXCLUSIVE: Details, Renderings Revealed for Kushner's One Journal Square". Jersey Digs. Retrieved 2020-11-13.
- ^ McDonald, Terrence T. (June 28, 2018). "Kushner group sues Jersey City over stalled tower project, alleging anti-Trump bias". nj.com.
- ^ Zeitlinger, Ron (August 8, 2019). "Federal judge tosses Kushner Companies lawsuit over $821 million One Journal Square project". nj.com.
- ^ Porter, David (2020-10-16). "Jersey City, Kushner reach accord in political bias lawsuit". AP NEWS. Retrieved 2020-11-13.