JERSEY CITY | Journal Squared (537 Summit Ave) | 730 + 643 + 575 FT | 72 + 61 + 54 FLOORS

The BW photo looks like it could be from the 1950s

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https://www.tapinto.net/towns/jersey-city/sections/real-estate/articles/journal-squared-2-shatters-leasing-records-in-just-five-months

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Very good news. Hope there’s a groundbreaking for Tower 3 before Christmas.

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They sold out in 4 months? That’s insanely fast I think.

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I doubt there will be a groundbreaking anytime soon. The whole area is a giant paved plaza. Perhaps in the spring?

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There was a quote in Crains NY, I believe? Something about anticipating breaking ground on third tower before end of year.

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I remember seeing the ad for the building on Market Street…in Philadelphia. And I saw it on multiple websites, they advertised it like crazy

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They’re breaking ground on Tower 3 next week. Mayor Fulop will be there for the groundbreaking.

Also, KRE is considering developing additional sites in Journal Square, so Tower 3 probably isn’t the end of their expansion in the area. I suspect additional large towers are going to be added to their portfolio in the coming years.

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I’d really love Urby on the other side of Summit to get started :crossed_fingers:t3:

But thanks for the info! That’s really great news for the local area.

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https://rew-online.com/kre-set-to-break-ground-for-third-tower-as-journal-square-building-boom-rocks-on/

KRE Group is set to break ground for its third of it Journal Square apartment towers in Journal Square.

Mayor Steve Fulop will do the honors at a ceremony next week marking the completion of Journal Squared Tower 2 and the start of Journal Squared 3.

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From 9.14.21:

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Phase III has begun, or at least they’ve had a groundbreaking ceremony for it. So far all they’ve done is put the fence around the site; they haven’t even submittted permits for the actual project yet. So I think it’ll be a couple of months before earnest construction begins?

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10.6.21

I walked by this afternoon and there were some workers on site but no actual groundbreaking or equipment yet.

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As we bid a fond farewell to the lumpy yard…

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They stared digging today for real. Various people in suits were on site (not politicians, presumably engineering/contracting higher-ups).

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r_211021_145_beat0079_a by Mitch Waxman, on Flickr

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If the crane is there it cant be rising right?

They couldn’t have dug up that lawn so quickly