Journal Squared
21
KRE Group and National Real Estate Advisors have demolished the former Verizon
building on Summit Avenue near the Journal Square PATH hub to make way for the
second high-rise in the three-tower mixed-use Journal Squared development. The
first tower, housing 538 rentable residential units on 53 floors, opened in early 2017.
The second tower, spanning 70 stories and containing 700 units, will be the largest
of the three buildings. The project ultimately calls for 1,838 residential units and
approximately 36,000 square feet of retail space.
808 Pavonia Avenue
87 Newkirk Street
Great Neck, New York developer Namdar
Group has kicked off construction on
a new 15-story residential tower at 87
Newkirk Street in the Journal Square
area of Jersey City. The project includes
132 units, 25,000 square feet of shared
office space and 1,500 square feet of
retail space.
Park & Shore
The Harwood family received approvals
to develop five LEED-certified buildings
highlighted by two residential towers
housing nearly 1,200 units at 808
Pavonia Avenue. The project will include
a stand-alone museum and art gallery,
a 126-seat theater and retail space.
Groundbreaking on the project is
expected in 2019.
Strategic Capital, the real estate
investment arm of China Construction
America, continues construction
on a new luxury condominium
development called Park and Shore.
The two building project, consisting
of 75 Park Lane and Shore House
is located in Jersey City’s Newport
neighborhood. The 37-story 75 Park
Lane will contain 358 residences,
while Shore House will feature 71
units. Shore House is expected to be
completed in late 2018, while 75 Park
Lane is slated for occupancy in the fall
of 2019.