A company whose co-founder’s family is no stranger to development and politics is behind a proposal for a massive new Downtown Jersey City high-rise.
A legal notice shows that KRE Acquisition Corp., an affiliate of the Kushner Real Estate (KRE) Group, has submitted plans to construct a development at 351 Marin Boulevard in Ward E. Located across from Hudson Hall, the property stretches from 1st to Bay Streets and has housed Avel Autoworks, Budget Car Rental, and Akian Auto Works.
Now, should KRE’s plans continue to move forward, the site would contain a building with 507 residential units. In addition, the complex would feature nearly 8,000 square feet of commercial space, 203 parking spaces, a 4,500-square-foot outdoor plaza, and amenities decks on the seventh and eighth floors.
The exact number of floors that the building would consist of is not stated in the notice, nor is it mentioned if any “affordable housing” would be included. Updated renderings that are featured on the website of Jersey City-based LWDMR Architects show plans for a building that is at least 30 stories tall and include outdoor terraces, but it is not clear whether those renderings are still valid.
The KRE Group’s landscape architect was set to present the plans in May to the Harsimus Cove Association community group. The notice, which was issued on September 14, shows that the Jersey City Planning Board is now scheduled to hear the plans during its meeting this Tuesday, September 25, at 5:30 p.m. KRE is seeking Preliminary and Final Major Site Plan approval for the project, along with variances such as minimum glass on the ground floor storefront, sidewalk width, and maximum signage.
Based in Somerset County’s Bridgewater Township, KRE was co-founded by Murray Kushner, the uncle of Jared Kushner. The company is behind several projects in Jersey City, including 18 Park and Journal Squared.