BTW - Why is it called Downtown? Is it bcuz of its location (being on lower ground)?
JSQ is coming along. I have no doubt that soon it will be the spot and sorry Downtowners but JSQ just might take the lead in a few years as being the true center of Hudson county.Just my gut feeling.
May 21, 2007Harwood Properties LLC has closed on its $28 million acquisition of a 1.5-acre parcel in the Journal Square Redevelopment Area of Jersey City, NJ, for the development of two residential towers containing 1,000 units.
August 08, 2007The twin-tower development proposed for Jersey City's Journal Square is changing shape. Originally proposed as two towers of more-or-less equal size, the latest design for of the mixed-use development to be built on the block adjacent to the Journal Square Transportation Center calls for a south tower between 35 and 40 stories and a north tower stretching 55 to 65 stories, according to the developer. ... Even though there is no change in the 1.2 million gross square footage of the development, Planning Director Bob Cotter said the design change would likely add more units to the projects, a number originally pegged at 1,034. ... Jersey City Redevelopment Agency Executive Director Robert Antonicello predicted existing structures on the entire block would be leveled by the end of the year so construction can begin.
September 14, 2007Demolition and site work for the two-tower development slated for the heart of Journal Square will begin in January, the project's builder told a roomful of Jersey City department heads yesterday. ... Actual construction on the foundation and the seven-story base is scheduled to begin next spring.
February 11, 2008A Jersey City developer who has already received a 30-year tax abatement to help build an ambitious twin tower project in Journal Square - and has recruited a deep pockets partner to the deal - is now asking the city for a multi-million low-interest loan, city officials said. ... Downtown Councilman Steven Fulop blasted the request for additional assistance, especially since the developer received a 30-year tax break calling for annual "payment in lieu of taxes" of 10 percent, the lowest PILOT rate handed out in recent years.
03-27-2008Fences have been erected in the Square around the old buildings that are on the site. It looks like they're prepping for demo.
October 06, 2008The Jersey City Planning Board will consider tomorrow night an amended site plan for the two-tower, mixed-used development proposed for the old Hotel on the Square block in Journal Square. The revised plan adds height and residential units to the development, while it cuts retail space; particularly the retail space that was planned to go underground. ... Lowell Harwood said plans to build a below-ground retail level were scratched due to a "problem with hard rock." "It would be too expensive to remove," Harwood said. "It would have added a lot (of cost)." ... [H]e predicted breaking ground within six months.
October 07, 2008The Jersey City Planning Board approved a revised site plan for the Journal Square development tonight that slashes its retail space by more than half and boosts the height of its two residential towers by a few stories. The Planning Board voted unanimously at a special meeting to approve the modifications to plans it approved in January. The revised plan slashes retail space planned for below ground from 156,196 square feet to 70,385, according to the approved plans. It also cuts the number of parking spaces from 783 to 687, and places them above ground, squeezing out some more retail space. The revised plan also boosts the number of rental units from 1,503 to 1,615. The north tower will now rise 667 feet and 68 stories. The shorter south tower will have 50 stories.
November 26, 2008The Jersey City City Council last night, before a chamber packed with hundreds of union workers, unanimously approved the most generous tax abatement deal in the city's history for a giant two-tower development in Journal Square. The 30-year abatements call for annual payments in lieu of taxes to the city of 10 percent of gross annual revenues for the mixed-use 68-and 50-story towers. ... The $400 million development on 1.5 acres next to the PATH Transportation Center is planned to have 1,615 rental units, 70,000 square feet of retail space and 700 parking spaces. The 68-story north tower will be built first, with construction expected to begin within months, officials said.
03-20-2009There is supposed to be a celebration at Journal Square on April 7th, 2009 for completion of the demolition and the beginning of the new construction. ... I live in the area and the demolition has not even started.
Just make sure someone tells Lipski where the bathroom is.
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