KABR Group acquired the dilapidated buildings at 725 Bergen Ave and plans to develop the site into a 5-story, 18 unit rental building with 2,871 square feet of retail . Their current strategy is to develop 725 Bergen at the same time as 720-726 Bergen, across the street. Both these projects join 700 Montgomery in the rebirth of McGinley Square and illustrate the increased interest outside of downtown.
The new building was designed by GRO Architects.
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725 Bergen Ave, Jersey City, NJ 07306