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JERSEY CITY, Oct. 22 - Mayor Steven M. Fulop announced today the administration's plans to bring redevelopment to Journal Square, with a $600 million, three-tower residential project near the PATH station.
The project, by KRE Developers, will see three residential towers rise behind the Journal Square PATH station - on Summit Avenue between Pavonia and Magnolia Avenues. The threephase project, called Journal Squared, will result in 1,840 market-rate units, as well as 36,000 square feet of retail space. Approximately 700 construction jobs will be created during each of the three phases, with ground expected to be broken later this year on the first phase.
"Jersey City residents have waited years, in fact, decades, for the revitalization of...