Development partners KRE Group and National Real Estate Advisors LLC announced June 2 they officially opened the second luxury rental tower at Journal Squared, delivering 704 modern apartments to Jersey City’s historic Journal Square, with dramatic views of the Hudson River, Statue of Liberty, Ellis Island and downtown Manhattan.
The new 68-story building — the tallest of the three-phase Journal Squared complex – has leased more than 50% of its apartments in the nine weeks since leasing began. Initial occupancy is now underway.
Located at 537 Summit Ave., Squared Tower 2 soars over the Jersey City skyline while providing a mix of studios and micro studios, one-, two- and three-bedroom apartments. There is also a collection of one-bedroom homes with unique den spaces. The residences are currently priced from $1,960.
Designed by HWKN and Handel Architects, Journal Squared 2 also adds amenities to the Journal Squared community, enabling residents to enjoy nearly 100,000 square feet of shared indoor and outdoor amenities between the two buildings. The inspired lifestyle is further enhanced by an ultra-convenient location and direct access to the Journal Square Transportation Center.
The Marketing Directors, which directed the successful lease-up of the project’s first phase, a 53-story building with 538 residences, is once again serving as the exclusive marketing and leasing agent.
“This development is the crown jewel of our urban portfolio, to date,” said Jonathan Kushner, president of KRE. “You can see it from the New Jersey Turnpike from miles away and from New York City as you gaze west. KRE is proud of this project and being part of the growth of Jersey City.”
“Building upon the success of phase one of this project, we are excited to provide this dynamic city the next phase in luxury living,” stated Jeffrey Kanne, president and CEO of National Real Estate Advisors. “It is always our goal to enhance any market we enter into and we feel certain Journal Squared is on the cutting edge of modern city living and will be an excellent addition to the Jersey City community.”
Amenitiy highlights include an outdoor deck with two pools, fire pits and private barbeque stations, multiple lounges and coworking spaces, and a state-of-the-art fitness center with a yoga/group fitness studio leading to an outdoor terrace, an indoor bouldering climbing wall, and a personal training room.
The top floor Sky Lounge features banquette seating, large formal dining areas, casual lounging and coworking spaces, and spectacular outward views of Manhattan. Resident services and additional conveniences at the property include a 24-hour attended lobby, package concierge, dedicated fenced-in dog park, and an enclosed parking garage.
Residents will enjoy direct covered access to the Journal Square Transportation Center with rail service to lower and midtown Manhattan, Jersey City, Hoboken, and Newark. New Jersey Transit and private buses also serve the neighborhood daily, offering residents convenient access to major employment and recreation centers on both sides of the Hudson River without having to depend on their cars.
When completed, the transformative Journal Squared property will include three high-rise buildings totaling 1,838 rental residences and 36,000 square feet of retail and restaurant space. A new landscaped pedestrian plaza known as Magnolia Landing, which leads to the adjacent transit hub, opened in 2018 and has been a vibrant addition to the neighborhood, hosting farmers’ markets, seasonal activities and community events while providing much-needed public open space.d