KRE, Northwestern Mutual break ground on Jersey City mixed-use development

Linda Lindner//October 18, 2019

351 Marin Blvd., Jersey City. - HOLLlWICH KUSHNER — 351 Marin in Jersey City. – HOLLlWICH KUSHNER

Developer KRE Group and Northwestern Mutual announced a joint-venture agreement to develop a 38-story tower that will bring 507 luxury residences and a 4,500-square-foot public plaza to Jersey City.

Located at 351 Marin Blvd., the mixed-use development – which stretches from 1st to Bay Streets – will also be home to nearly 8,000 square feet of commercial space, 203 parking spaces and two floors of amenities for residents.

The partnership has broken ground on the building, branded as 351 Marin.

Kushner Real Estate Group<br /> Principal<br /> <br /> Jonathan Kushner, a principal in Kushner Real Estate Group, is a pioneer when it comes to Jersey City. At the time when downtown Jersey City was beginning to take shape, Kushner Real Estate and National Real Estate Advisors made the decision to follow the less common, and riskier, route. “They’re redefining Journal Square,” an admirer said. “Anybody can make money in the waterfront in Jersey City. But they went to a place where, yes, they are at the PATH station, but Journal Square is a challenge and they are redefining it. And I think they will be successful.” In an area of Jersey City that to this day remains economically challenged and at times dangerous, Kushner and his firm delivered the first phase of Journal Squared, a 538-unit luxury apartment complex, at a scale that had not been seen before. While Hartz Mountain Panepinto Properties delivered 3 Journal Square, a 240 unit building, the Kushner project upon completion is expected to deliver 840 units. Kushner Real Estate continues to maintain its presence in the suburbs with office and industrial properties. In the near future, it will deliver additional towers as part of Journal Squared, and luxury apartments in Madison. - — Kushner

“We’re excited to partner with Northwestern Mutual to bring a new, mixed-use development to this prime location in Jersey City,” said Jonathan Kushner, president of KRE Group. “351 Marin will offer its residents an exceptional downtown location and urban lifestyle with unmatched walkability, and we’re thrilled to work alongside Northwestern to bring this project to life.”

“We’re very impressed with KRE’s portfolio of outstanding residential projects and view 351 Marin as the perfect opportunity to partner with Jersey City’s preeminent developer,” said Tom Zale, vice president and head of real estate investments at Northwestern Mutual. “As an investor, large luxury apartment projects in thriving markets such as Jersey City have been an area of consistent success, translating to real value for our policyowners.”

Designed by architectural firm Hollwich Kushner in collaboration with HLW, 351 Marin will feature a faceted base, creating a dynamic and sculptural presence on Marin Boulevard.

Leasing for 351 Marin is slated to begin in the fall of 2021.