At 639 feet, the third and final tower of Journal Squared has reached its peak in Jersey City.
KRE Group and National Real Estate Advisors LLC announced the topping out of the 60-story building in the city’s Journal Square neighborhood May 17, celebrating the milestone with AJD Construction and hundreds of building tradespeople—a milestone as the 2.3 million-square-foot residential and retail project moves closer to completion.
Delivery is expected in the first quarter of 2024, according to the announcement. The third tower broke ground in October 2021.
Located at the intersection of Pavonia and Summit Avenues, the newest tower will add 598 residences and 18,000 square feet of amenities to Journal Squared. The two existing towers at the property stand 53 and 70 stories high, respectively, with a completed public plaza and nearly 100,000 square feet of amenity spaces.
Ultimately, the entire property will include 1,840 rental residences and 36,000 square feet of retail and restaurant space.
Designed by HWKN Architecture, the developers say new social spaces at tower three are crafted around a creative theme, set to feature a performance lounge, karaoke room and recording spaces in addition to a makerspace, coworking lounge, lobby café and sky lounge. The views from the newest tower include the Hudson River, Statue of Liberty, Ellis Island and New York City.
After leading the successful leasing programs for the first two phases of the Journal Squared, The Marketing Directors will again served as exclusive marketing and leasing agent for tower three.
“We are thrilled to celebrate the topping out of the final tower at Journal Squared, a project that has served as the linchpin in the revitalization of this important and well-connected neighborhood,” said Jonathan Kushner, president of Bridgewater-based KRE Group, in a statement. “This skyline-defining development has delivered iconic architectural design that can be viewed for miles from both New Jersey and New York City, modern residences and amenities, and public space that has sparked renewed interest in the area. We would not be able to achieve these results without the contributions from our talented team of architects, engineers, designers and building trades, and are excited to see the positive impact that Journal Squared will continue to have on the community.”
“We are delighted to mark the completion of vertical construction of the third tower at Journal Squared and commend the collective efforts of everyone who contributed to this remarkable achievement,” added National President and CEO Jeffrey Kanne. “National takes pride in fostering job opportunities in the communities where we operate and seeks to deliver favorable returns to our institutional clients. This iconic building is made possible by the unwavering commitment and expertise of our labor force, and we are immensely grateful for their contributions.”
Editor’s note: This story was updated at 9:53 a.m. ET on May 24, 2023, to reflect Hollwich Kushner and Handel Architects’ new name, HWKN Architecture.d