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Journal Squared
Skyscraper in Jersey City, New Jersey From Wikipedia, the free encyclopedia
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Journal Squared, or J2, is a three-tower retail and residential complex at Journal Square in Jersey City, New Jersey.[1]
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Site
The site of the project is adjacent to the Journal Square Transportation Center on Summit Avenue across from the Hudson County Administration Building, the county seat of Hudson County and the Newkirk House, the oldest extant building in the county.
Funding and abatements
Journal Squared is a project of Kushner Real Estate Group. It was first approved by the city council in December 2012 and was later granted a 30-year tax abatement and $10 million in bonds.[2][3][4][5][6]
Design
The project was designed by Handel Architects and Hollwich Kushner.[7][8][9] The project consists of three towers, in which 2,000 new office, residential, and retail units will be built, with the residential spaces making up the majority of the complex. One of Journal Squared's main components is a large plaza occupying a portion of the lot, providing a focal point for public gathering and open space in an area that is rapidly becoming densely populated. As development pressures continue to rise, Jersey City should continue gaining substantial verticality.[10]
Construction
The project broke ground in October 2014 with the first building topping out in December 2015 at 54 stories and 574 ft (175 m). Construction began on the second and tallest of the three towers in 2018.[11] The second tower topped out in December 2019.[12] The third tower, consisting of 600 units and rising 60 stories, broke ground in October 2021.[13][14] The buildout of all three phases were completed in spring 2024. Journal Squared will include three of the tallest buildings in the city.[3][4][5] In November 2024, there was a ribbon-cutting ceremony for the third tower.[15]
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See also
References
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