Kushner/KABR – One Journal Square Mixed-Use Development – New Jersey - Project Profile
"Kushner/KABR – One Journal Square Mixed-Use Development – New Jersey - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
The "Kushner/KABR – One Journal Square Mixed-Use Development – New Jersey - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
Kushner Companies (Kushner) and KABR Group (KABR) are planning to build a mixed-use community in Jersey City, New Jersey, the US.
The project involves the construction of two towers comprising 56-story and 79-story with total 1,725 residential units on a 10-story base which includes retail space and office space, 910 parking spaces, and other related facilities.
Woods Bagot has been appointed as an architect for the project.
On January 5, 2015, Kushner and KABR acquired the project site for US$27 million.
In January 2016, the project received two sets of tax credits totaling US$93 million from the New Jersey Economic Development Authority under the New Jersey tax credits.
As of June 2017, Kushner and KABR seeking funds to raise up to US$150 million from the New Jersey Economic Development Authority.
Construction is expected to commence in 2018.
The project involves the construction of two towers comprising 56-story and 79-story on a 10-story base in Jersey City, New Jersey, the US.
The US$821 million project includes the following:
1. Construction of 1,725 residential units
2. Construction of retail space
2. Construction of office space
3. Construction of 910 parking spaces
4. Construction of other related facilities
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