Genova Burns Partner Eugene T. Paolino, representing developer Kushner Companies and the KABR Group, hailed the Jersey City Planning Board for approving two major mixed-use development projects, named One Journal Square and Thirty Journal Square.
“This continues the inevitable movement of Jersey City redevelopment from the waterfront to the City’s interior,” said Paolino, “particularly toward the Journal Square transportation hub – a major draw for millennials seeking housing, as well as the retail businesses and offices that provide them with goods and services.”
Paolino said these unprecedented projects, with three mixed-use towers (56-, 79-, and 72- stories each) are “absolutely unique. A one-acre plaza as large as that of the New York Metropolitan Museum of Art with a graceful memorial fountain is planned at the foot of One Journal Square, which will bring green space to the heart of the City.” He adds: “Further, the former Jersey Journal building will enable developer Kushner KABR to create a striking vertical landscape that opens into another magnificent public plaza with a promenade bracketed by two retail buildings off of Sip Avenue.”
To read the full press release, please click here.