Construction Well Underway at 3 Journal Square

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3 Journal Square Plaza Construction
3 Journal Square Plaza Construction

3 Journal Square is another Journal Square project that is currently under construction. Developed by Hartz Mountain and Panepinto Properties, the new 13-story building will sit atop an existing 4 story parking structure. The new building was designed by Marchetto Higgins Stieve Architect and will house 240 residential units and feature an “eco-friendly green roof.”

3 Journal Square sitting atop an existing parking
3 Journal Square sitting atop an existing parking

The project applied for a 30-year tax abatement in November 2014. Prior to that, it also received $19 million in state tax credits.

Construction is expected to be completed in 2017.

Original reports stated, “Monthly rents at 3 Journal Square would range from $1,588 for a studio to $2,468 for a three-bedroom unit.”

[gmap height=”250px”]1 Journal Square, Jersey City, NJ 07306[/gmap]

3 Journal Square Plaza, Jersey City, NJ 07306

 

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