‘Among the most prominent is Journal Squared, a 2.4-million-square-foot mixed-use residential and retail project under development by the New Jersey-based KRE Group. Adjacent to the Journal Square Transportation Center, the complex — upon completion — will house 1,840 rental apartments spread across three towers of 54, 60 and 74 stories. The first tower is slated to open in late 2016 and will feature 540 rental units ranging from studios to three-bedrooms.
Like much of the rest of Jersey City’s appeal, KRE’s main interest in the site is “based on the incredible transportation,” says Jonathan Kushner, the firm’s president, noting that roughly 30,000 PATH riders and 1,200 buses pass through every day. “From that station, you can go direct to downtown [Manhattan], direct to Midtown,” he says. “You can connect at Newark to Amtrak. You can go right to the Newark Airport.”’