The latest sign of Journal Square’s revitalization can be found just a short walk from the neighborhood’s PATH station as developers and Jersey City officials recently celebrated another milestone for the area’s rebirth.
A construction site at 413 Summit Avenue has officially ended its vertical climb and has topped out along several properties between Sip Avenue and Newkirk Street. The site, formerly home to a garage that housed an Econo-Car rental facility, was acquired in 2019 by Titanium Realty Group.
A 18-story building was quickly approved for the property shortly after the purchase and the resulting high-rise is set to include 148 residential units. Construction started last year on the project, which will feature 4,865 square feet of retail space on the ground floor and an underground parking area set to include 16 spaces.
The exterior of the development, designed by Uforma, is slated to utilize a brick façade for the lower-level floors. The higher sections of the project will feature a glass-heavy exterior alongside aluminum screening that is set back a bit from the base, with plans for the development including a roof deck for future residents to enjoy.
Titanium Realty Group expects to complete work on their 413 Summit Avenue project early next year. The company has several ongoing projects in the Journal Square area including a partnership with Spitzer Enterprises on a 26-story development right next door at 425 Summit Avenue that is slated to include 386 apartments plus two storefronts.
Titanium Realty Group is also hard at work on another 13-story high-rise at 345 Baldwin Avenue that is part of the next phase of Journal Square’s development boom. Besides several new residential projects, the neighborhood is set to welcome a renovated Loew’s Jersey theater and a museum courtesy of the world-renowned Pompidou over the coming years.