City Council just approved a 25-year tax abatement for Journal Square Lofts. The adaptive reuse project will restore a 100-year-old building into 40 loft style apartments. Its developer, Hopkins Group, also did Kennedy Lofts that opened last year.
The project is expected to create 40 construction jobs along with two permanent real estate jobs. As part of the agreement, Hopkins Group will contribute $60,000 to the Affordable Housing Trust Fund.
More on Journal Square Lofts here: Adaptive Reuse Project Brings Lofts to 2851 JFK Blvd
[gmap height=”250px”]2851 John F. Kennedy Blvd, Jersey City, NJ 07306[/gmap]
Journal Square Lofts – 2851 John F. Kennedy Blvd, Jersey City, NJ 07306