Tags: Jersey City • tax abatement • KABR/Kushner
April 11, 2014
Firm Obtains Unanimous Approval of Jersey City Municipal Council of Tax Abatement for 50 Story Tower
Partner Eugene T. Paolino secured on behalf of firm client KABR/Kushner the unanimous approval by the Jersey City Municipal Council of a tax abatement for a 50 story, 447 unit residential building on the waterfront of Jersey City. The Jersey Journal reported that the tower is designed to have 447 units, including retail, and would share the Trump Tower parking deck but add 144 spaces to it. The project is expected to create 400-500 full time construction jobs and 35-40 full time positions in retail, leasing, maintenance, staffing and other related personnel.