Last Thursday, May 3, Mayor Fulop and the Namdar Group officially broke ground for the 87 Newkirk Street development near Journal Square. The 15-story building will bring 132 apartments to the neighborhood as well as 25,000 square feet of shared office space and 1,500 square feet of retail space.
87 Newkirk Street is the first Jersey City project for the New York-based Namdar Group — a family-owned-and-operated real estate investment and development firm in Great Neck. The project team also includes C3D Architecture, Severud and Associates (structural team), and KEA as the MEP engineers.
“Namdar Group strategically invests in markets that have significant growth potential, and
Jersey City — particularly the Journal Square neighborhood — certainly fits that criteria,” stated Effy Namdar of Namdar Group. “We’re extremely excited to embark on our first project here, and we would like to thank Jersey City leadership for supporting our vision.”
Mayor Fulop reiterated that Namdar Group’s focus now and moving forward is off the waterfront and Effy Namdar stated they are “all in on Journal Square.” The event was brief to beat last week’s heat, but the unseasonably high temps did not diminish the enthusiasm for the development. Mayor Fulop concluded that 87 Newkirk Street will be a great asset to the neighborhood.