JERSEY CITY, NJ—The KRE Group and National Real Estate Advisors have topped out the first phase of Journal Squared at 563 feet, a milestone in the construction of the partnership's three-tower, mixed-use project to redevelop Jersey City's historic Journal Square neighborhood and its vital intermodal transportation hub.
Mayor Steven Fulop and fellow municipal officials joined the development partnership, union officials and tradespeople to celebrate the construction milestone.
"When you look at the Jersey City that has emerged in the last decade, it really is one of the greatest revitalization stories in the country," says Mayor Fulop. "It is the economic engine of New Jersey, leading the state in both job creation and construction starts, but for a long time Journal Square lagged behind in that progress. Now, for the first time in 45 years, we not only talked about significant development away from the waterfront, we actually got the shovels in the ground. We couldn't be prouder of the growth and potential of our city that is reflected in this Journal Squared development which will remake the entire skyline."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.