NYC’s Margules Properties Betting Big in Journal Square

1
52 Orchard St Jersey City Margules Properties
52 Orchard Street, Jersey City

Margules Properties, a large Manhattan based investment firm has purchased 5 more mixed use buildings in Jersey City.

CEO, Eric Margules has been bullish on Jersey City since 2010 when they bought their first building here. With over 1 million square feet of development rights in their portfolio, Margules is betting big on a Journal Square rebirth. This coming from an early investor in Hell’s Kitchen, the Lower East Side and Chelsea is significant.


The current strategy is to renovate the existing buildings and rent them out to new retail and millennial renters while watching the neighborhood’s revitalization.

Mr. Margules also recently commissioned Jersey City artist Gregory Edgell of Green Villain to paint murals on some of their buildings in an effort to brighten up the streetscape.


Read the full coverage on Globe Street: Margules Expands Jersey City Portfolio


 

--

Have something to add to this story? Email [email protected].

Click here to sign up for Jersey Dig's free emails and news alerts. Stay up-to-date by following Jersey Digs on Twitter and Instagram, and liking us on Facebook.

Featured Listings

add a listing >
For SaleJersey City675,000

Brand New Boutique Condo Building

This new building offers eight carefully crafted condos on a quiet tree lined street in the Marion section of JC.

Frederic P. Gabriel | (201) 899-1092Realmart

For SaleJersey City589,000

3-Bed w/ Parking in Jersey City

A total gem for sale in Jersey City’s trendy Bergen-Lafayette, 60 Lafayette is everything you’re looking for.

NATALIE MINIARD | (201) 240-7620DOMINANT PROPERTIES

1 COMMENT

LEAVE A REPLY

COMMENTING POLICY: At Jersey Digs, our goal is to inspire thoughtful and respectful conversations. We ask that you keep a level head and an open mind as you discuss the complex issues facing our community. Members who are unable to maintain civility may be blocked from commenting and have their posts removed.

Please enter your comment!
Please enter your name here