JERSEY CITY, NJ — With the cut of a ceremonial ribbon, 3 Journal Square Apartments officially opened today in Jersey City, a milestone moment touted by City officials and business leaders as the latest sign of the remarkable renaissance underway in the historic Journal Square neighborhood.
The new 13-story building located just steps from the Journal Square Transportation Center opens with an impressive 160 of the 240 apartments already leased since pre-leasing started in late March, according to joint-venture partners Hartz Mountain Industries and Panepinto Properties, two prominent development companies that have helped shape the Jersey City landscape with signature residential and commercial projects. More than 40% of the building is occupied.
The Grand Opening ceremony also marked the completion of 3 Journal Square’s onsite leasing center and magnificent lobby, as well as a full floor of social and recreational amenities unrivaled in the local marketplace.
“Thank you to Hudson County Executive Tom DeGise, Panepinto Properties and Hartz Mountain Industries for being big believers in Jersey City early in the process,” remarked Jersey City Mayor Steven Fulop. “Today, you see massive change and what we’re most proud of is what’s happening in Journal Square. Four years ago, we started to talk about ways to incentivize development away from the waterfront. It was really our primary objective to bridge the gap between communities. When you look forward just a few years from now, Journal Square will once again become the center of Jersey City. This is another step in that direction.”
Designed by Marchetto Higgins Stieve, the LEED Silver-designed building’s grey and black exterior was created to add a stylish and modern landmark to the Journal Square streetscape.
“With 3 Journal Square, we’ve introduced a new luxury residential option to a neighborhood that is rich in history and culture, and clearly on the move,” said Gus Milano, president and COO of Hartz Mountain Industries. “There’s an atmosphere here that appeals to a cross section of people, and we’ve enhanced that with a building that promotes a modern living experience.”
“We are very excited about this project and its ability to serve residents looking for quality and value,” added Joseph Panepinto, president and CEO of Panepinto Properties. “Journal Square, which has been the historic heart of Jersey City, is experiencing explosive growth. Strategically and easily accessible by rail, highway and bus transportation, from points north and southwest of the city, and only minutes from New York City, make this property attractive to New York and New Jersey commuters alike.