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Yesterday, SCALE Lending announced that it closed on a $120 million construction loan for a Journal Square multi-family development.
Namdar Group will be bringing three high-rises and a pedestrian plaza to several parcels near Journal Square and the newly revealed third tower is set to include 376 apartments plus office and retail space.
A development with multiple phases is moving forward in Jersey City. The first phase is already under construction and the developer just received a key approval to bring three additional towers to Journal Square.