Jersey City

Construction Update, Major Developments, New Developments, New Jersey, Rentals

All renderings courtesy of Kushner unless otherwise noted

Construction is finally underway at Kushner’s huge One Journal Square project in Jersey City. The nearly $1 billion mixed-use development consists of two 710-foot-tall towers with more than 1,700 rentals and 45,000 square feet of amenities and public space, including a new Target location as its anchor tenant. The developer was joined by Jersey City Mayor Steven Fulop during a groundbreaking ceremony at the Journal Square site on Thursday.

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Events, New Jersey

Jersey City’s 2019 fireworks display; Photo by Jennifer Brown/City of Jersey City

New Jersey’s largest Fourth of July fireworks display is returning to the Jersey City waterfront this year. Mayor Steven Fulop on Wednesday announced this year’s Freedom and Fireworks all-day event will include a concert headlined by Flo Rida, with special guests Shaquille O’Neal aka DJ Diesel and Fun Flex, a massive fireworks show by Grucci, food trucks, and family fun.

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condos, New Jersey, Recent Sales

$5.7M penthouse sale sets new record in Jersey City

By Devin Gannon, Tue, February 1, 2022

Exterior of 75 Park Lane Jersey City (Photo: Business Wire)

Jersey City has a new most expensive condo. A four-bedroom, four-and-a-half-bath penthouse at 75 Park Lane closed for $5,700,000, Strategic Capital, the developer of the high-rise, announced on Tuesday. This sale takes the title from the previous record-holder in the city, 99 Hudson Street, where a penthouse sold for $4,438,500 last October.

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New Jersey, real estate trends

Courtesy of 99 Hudson

The tallest residential building in the state of New Jersey has set another record. A penthouse at 99 Hudson Street has sold for $4,438,500, becoming the priciest condo closing in Jersey City. The deal surpasses the previous record of $3,900,000 set six months ago by…99 Hudson. The record-breaking apartment sits on the 76th floor of the 79-story waterfront tower and measures 2,500 square feet.

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Art, New Jersey

Photo Credit: SJ Martinez Photography

A massive sculptural portrait was unveiled on the Jersey City waterfront this week, along with a new public plaza. Created by Barcelona-based artist Jaume Plensa, Water’s Soul is a monumental 80-foot-tall sculpture depicting a young person in contemplation. The new permanent artwork sits on the Hudson River in Newport, the master-planned, mixed-use community developed by the LeFrak Organization and Simon Property Group.

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Major Developments, New Jersey, Rentals

Rendering: KRE Group

The final tower of a massive three-building luxury complex in Journal Square broke ground this week, which will eventually add hundreds of apartments to Jersey City’s burgeoning residential neighborhood. Dubbed Journal Squared, the development at the intersection of Pavonia and Summit Avenues includes three high-rise rentals, two of which have already opened. This week local officials joined Kushner Real Estate (KRE) Group and National Real Estate Advisors to celebrate the completed leasing of the 704-unit second phase tower and break ground on the third and last tower, a 60-story structure with 600 residences.

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Events, New Jersey

Photo courtesy of Wine Fest

Next Friday, September 17, Jersey City Wine Fest is taking place at Harborside’s waterfront property. A ticket will get you samples of both local and international wine, and there will be live entertainment, food, and interactive games (oh yeah, and NYC skyline views!).

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affordable housing, Design, New Jersey, real estate trends

All photos courtesy of Common

Jersey City was recently ranked the 17th-best city in the nation for young professionals, which isn’t surprising considering it’s a 10-minute PATH ride to lower Manhattan and has seen a true artistic renaissance unfold over the last decade. But that doesn’t mean it’s an affordable place for young professionals to live, which is where the new 122-unit micro-apartment property Nest comes in.

Located at 190 Academy Street in Journal Square, the property is overseen by innovative multifamily property manager Common and was developed by KSNY and Strategic Properties. The fully-furnished studio apartments start at just $1,277/month and, in the creative spirit of Jersey City, are showing that affordability doesn’t mean you have to sacrifice good design. (And just wait ’til you see the amenities.)

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Major Developments, New Developments, New Jersey

Rendering of 26-28 Van Reipen Avenue (left) and 26 Cottage Street (right) courtesy of C3D Architecture

More dense housing developments are headed to transit-rich low-slung parts of Jersey City. In the city’s Journal Square neighborhood, developer Namdar Group plans to add several high-rise residential towers in an area near the PATH train that is currently made up mostly of two- and three-story homes. In total, the Long Island-based developer is bringing six new towers designed by C3D Architecture to a few blocks of Journal Square.

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New Jersey, Restaurants

Photo courtesy of Smorgasburg

A massive new beer garden is now open along the Jersey City waterfront. Earlier this summer, open-air market Smorgasburg opened its first-ever New Jersey location at the Harborside campus. This month, the founders of the popular food market opened “Smorgasbar,” a 300-seat outdoor venue with incredible Hudson River and Manhattan skyline views.

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