JERSEY CITY — The Journal Square section of Jersey City is building up. NJBiz reported on Monday that Kushner Cos. and KABR Group bought a 2-acre development site for $27 million.
One Journal Square is located at Sip Avenue and JFK Blvd. The property is zoned for 1,500 residential units and retail.
Jared Kushner, CEO of Kushner Companies, said, “We are bullish on Jersey City.”
Several big developments are coming to Journal Square, an area of the city with a large bus/PATH station away from the bustling waterfront.
Mayor Steve Fulop was pleased with the idea of an “eyesore” becoming developed
Kushner pays $27M for Journal Square site and could build 1,500 units
