The Journal Square neighborhood of Jersey City is undergoing a dramatic transformation not seen in generations, with a slew of developments wrapping up work and other endeavors slated to wrap construction over the next year.
The most omnipresent ongoing project in the area is probably Kushner’s One Journal Square, which has begun residential leasing operations. The $1 billion development includes 1,723 residential units and sprawling retail space on the ground floor to be anchored by a new Target store.
A portion of a public plaza facing Kennedy Boulevard has been completed at the development, where pedestrian re-routes have become a staple during the construction. An area that was previously home to a non-functioning fountain is still being built out, but several roadways that took a beating during the work have been freshly paved.
The plaza’s partial opening has greatly improved the gateway to Journal Square from the PATH station, while a major arts endeavor chugs along across the street. The $72 million renovation of the Loew’s Jersey theater is humming along, with the historic building’s exterior completely covered in scaffold.
Jersey Digs recently covered the interior progress at the extensive renovation, which is being undertaken by Devils Arena Entertainment. The facility, which first opened in 1927, is on track to re-launch sometime next year.
Another sky-high development that is nearing the finish line sits at 505 Summit, a 54-story tower from Panepinto Properties. Set to consist of 605 residences and about 4,000 square feet of ground floor retail, the development is currently getting its lower façade work done.
A 3,200-square-foot public plaza along Summit Avenue will be built as part of the project, which will also feature a parking garage within its five-story base. 505 Summit is slated to come online during 2026…