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Another high-rise in Jersey City will begin to rise in the coming months after financing has been secured for the construction.
One of the most prominent developers in Jersey City’s Journal Square has secured a loan that will help transition their newly completed property.
The Long Island-based company, who plan to build six high-rises in the Journal Square neighborhood, recently hit a milestone on dueling 27-story developments that will add 667 residences to the area.
The Long Island-based developer is constructing two glass-heavy high-rises out of six that are planned for the block that will create a new pedestrian-only street lined with retail shops.
Financing for a new multifamily development in Journal Square, Jersey City was recently arranged in the form of a lease-up bridge loan.
SCALE Lending recently announced the closing of a $96 million combined construction and land loan in Journal Square, Jersey City.
A project with 612 residential units is being proposed in Journal Square, Jersey City.
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.
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