1 Journal Square
General information
TypeResidential
LocationJournal Square, Jersey City
Technical details
Floor count52
Design and construction
Architect(s)Woods Bagot
DeveloperKushner Companies, KABR Group

1 Journal Square is a skyscraper complex at Journal Square in Jersey City, New Jersey proposed by the Kushner Companies.[1][2] The initial version consisted of two towers with roughly 3,000 residential units and 160,000 square feet of commercial space, but the project has been scaled back as of 2020.

There was a previously approved design by Becker + Becker Associates that was being developed by Harwood Properties.[3] Construction was never started on the project and Harwood eventually sold the property in January 2015.[4]

In August 2019, Kushner Companies lost a lawsuit in which they claimed they were unfairly denied tax abatements due the project.[5][6] The company and Jersey City later entered into a settlement agreement [7] where Kushner agreed to make a $2.5 million investment in local arts initiatives in exchange for the project's approval.

One Journal Square's latest version[8] is set to include 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.

See also

References

  1. ↑ T, Terrence (January 5, 2015). "Jared Kushner buys site of long-delayed Journal Square project for $27M". nj.com.
  2. ↑ T, Terrence (May 10, 2017). "Kushner flap is latest wrinkle for 'vexing' Journal Square lot". nj.com.
  3. ↑ One Journal Square | Buildings | EMPORIS
  4. ↑ "Jared Kushner pays $27M for Jersey City site". The Real Deal New York. 5 January 2015. Retrieved 2015-11-23.
  5. ↑ T, Terrence (June 28, 2018). "Kushner group sues Jersey City over stalled tower project, alleging anti-Trump bias". nj.com.
  6. ↑ Zeitlinger, Ron (August 8, 2019). "Federal judge tosses Kushner Companies lawsuit over $821 million One Journal Square project". nj.com.
  7. ↑ "Jersey City, Kushner reach accord in political bias lawsuit". AP NEWS. 2020-10-16. Retrieved 2020-11-13.
  8. ↑ Fry, Chris (2020-11-06). "EXCLUSIVE: Details, Renderings Revealed for Kushner's One Journal Square". Jersey Digs. Retrieved 2020-11-13.

40°43′56″N 74°03′47″W / 40.732141°N 74.063114°W / 40.732141; -74.063114

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