KRE Group and National Real Estate Advisors, co-developers of Jersey City’s Journal Squared rental complex, have officially launched a website and released new details for the project's first tower at 615 Pavonia Avenue. The team is readying for a leasing launch in early 2017 to be spearheaded by The Marketing Directors. When the project is fully complete, the trio of towers will host 1,838 residential units, 36,000 square feet of retail and restaurant space, and a newly renovated Magnolia Way Plaza.
Designed by Handel Architects and HWKN (firms behind The Pennovation Center, Williamsburg Tech Hub, and 18 Park), the buildings will feature a modern façade dotted with consistent fenestration. Each will break into smaller units towards the ground level in order to respect the scale of the local neighborhood, and host entrances that will stretch high up the length of the towers in a powerful and distinctive band. Tower 1 stands 53 stories and 563 feet tall, offering stunning views that go beyond the Hudson River and Manhattan skyline.
Interiors will be designed by Christopher Stevens and feature stainless steel appliances, hardwood floors, central air, and in-home washer/dryers. The tower will host a luxurious package of amenities, focused on the 8th and 53rd floors. The 10,000-square-foot lounge on the eighth floor will feature a fitness center, a yoga studio, a children’s playroom, a library, a screening room, a sun deck, an outdoor pool, and WiFi. Atop the building will sit a second Skylounge, complete with a communal dining table, a projector screen, seating areas with spectacular views of the Statue of Liberty and Manhattan. The building will also have 24-hour concierge.
The mega-development is anticipated to revitalize the Journal Square neighborhood, much in the way that new development has revived downtown Jersey City. Situated between Magnolia, Pavonia, and Summit Avenues, the buildings will offer residents direct access to the Journal Square PATH station, and create a new pedestrian plaza.
KRE Group
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Contributing Writer
Katy Cornell
Katy Cornell is a Long Island native with a passion for writing about real estate in the big city. She recently graduated from the University of Virginia with a BA in English and is a frequent contributor to CityRealty's Market Insight and NYC real estate blog 6sqft.
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