Journal Squared
Real Estate

Final Tower Completed at Journal Squared Project

Jersey City Mayor Steven Fulop and fellow municipal officials joined principals of KRE Group and National Real Estate Advisors last week to celebrate the completion of the Journal Squared development. The event marked the culmination of a decade-long effort in revitalizing Journal Square in Jersey City. The third and final 60-story tower now stands alongside its two predecessors, completing the $900 million, 2.3 million-square-foot project.

Now fully realized, the development encompasses 1,840 rental residences across three towers —soaring 53, 60, and 68 stories into the skyline — along with more than 100,000 square feet of indoor and outdoor amenities. In addition, 36,000 square feet of street-level retail is integrated into the vibrant Magnolia Landing plaza, which features the neighborhood’s first supermarket. Created by the developers, Magnolia Landing serves as a neighborhood food hub, showcasing a diverse array of culinary operators while also hosting events such as farmers markets, live performances, and cultural gatherings that further foster a sense of community and connection.

KRE Group and National broke ground on Journal Squared in 2014, just as city officials, led by Mayor Fulop, began championing initiatives to revitalize Journal Square and attract development interest beyond Jersey City’s booming waterfront. The successful leasing of the project’s first tower confirmed the neighborhood’s potential and ignited ongoing development in the area.

Jonathan Kushner, president of KRE Group, stated, “We’re incredibly proud of the community we’ve built here and the role it has played in revitalizing Journal Square. Journal Squared has drawn thousands of residents who embrace the neighborhood’s unique character and culture while enjoying an unparalleled lifestyle. As we celebrate the completion of the final tower, we look forward to continuing to enhance this vibrant community.”

“Journal Squared is a testament to National’s commitment to building sustainable, community-centered developments nationwide” said Jeffrey Kanne, president and CEO of National Real Estate Advisors. “More than a decade ago, we set out to create a vibrant hub of convenience, connectivity, and thoughtfully designed living spaces. Today, we are proud to see that vision fully realized.”

“It really took a special developer to actually see what was possible here at the time,” said Mayor Fulop, lauding KRE’s vision for the neighborhood. “We had all of this transportation infrastructure, but the reality of 2012, 2013, is that all of the development was on the waterfront. People were a little cautious about venturing away. And then to think about this big building and the amount of capital they were willing to invest here, it was really something transformational for the state of New Jersey. Then you fast forward 10 years and you drive around these streets in Journal Square, I am very proud, and I think all of you should be proud, because there isn’t a place in the United States of America with this much development in three square blocks. If you think about what it is going to be in five years, it really will be the heartbeat of Jersey City, if not the heartbeat of New Jersey.”

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