Businesses, offices, and hotels growing

Commercial development continues to rise in Hudson

by Art Schwartz - Reporter staff writer - Mar 22, 2015

Jersey City
“Jersey City is diversifying away from financial services,” said Mayor Steven Fulop. “It’s not just having the financial services back office which Jersey City has had for a long time.”
Commercial development is surging forward there, with skyscrapers soon to pop up all over town. Chief among them is the Journal Squared complex, planned as three towers rising 54, 60, and 70 stories adjacent to Journal Square Station. Phase 1, the 54-story tower, broke ground last year and is expected to be completed in 24 months. Once finished, the three towers will include 1,840 apartments and 32,000 square feet of retail space.
Also coming to Jersey City is a 95-story tower scheduled to include 760 condominium units and 18,000 square feet of commercial and retail space. The building, being developed by China Overseas America, Inc., will include public spaces and plazas, including 7,365 square feet of passive park space, and will be the tallest building in New Jersey.