Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Jared Kushner Makes $27 Million Jersey City Acquisition

One Journal Square in jersey City

Jared Kushner’s Kushner Companies has acquired One Journal Square in jersey City, New Jersey for $27 million. The purchase was made in partnership with KABR Group.

One Journal square is a two acre square development site. There were previous efforts to build two 60 story residential towers there with more than 1, 500 rental units. Kushner Companies said that it will soon reveal his plans for the location.

Jared Kushner (AKA Mr. Ivanka Trump) said in a statement, “We are bullish on Jersey City, as evidenced by this investment as well as our strong development history in the market. We look forward to unveiling plans for One Journal Square that will help drive the city’s continued renaissance.”

A source close to the deal told The New York Post, “We are very focused on Jersey City. A big arts culture is growing in Jersey City.”

Kushner and KABR are already working on two other projects in Jersey City. One, located across the street at 30 Journal Square, will be a 40 story residential building. The other is a 50 story, $194 million luxury residential building currently under construction at 65 Bay St.

Click to comment

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Advertisement