A Google Earth rendering of future Journal Square. Created by CityRealty
The migration of the New York development rush over to Jersey City was no surprise. Located along the waterfront, Jersey City boasts impressive views of the skyline and easy access into Manhattan from the PATH train. But as new development arrived at a rapid pace, it has resulted in rising prices and a lack of developable land. That’s caused developers to look inland in search of other Jersey City neighborhoods ripe for new development. Journal Square, the area surrounding the Journal Square PATH station, has clearly emerged as the new frontier. “We’re betting tens of millions of dollars that in the next 10 years, the neighborhood will be a brand on par with Brooklyn,” says Ken Pasternack, chairman of KABR Group, an active Journal Square developer.
Neighborhoods : journal square