Jersey City’s Journal Square took a step closer to its long sought-after revitalization this morning when an upscale, eight-story residential building officially opened in the area after a ribbon-cutting ceremony.
Developer Hopkins Group LLC and partner Skyrock 100 Newkirk have called the 40,000-square-foot Kennedy Lofts, located at 100 Newkirk St., the “reimagined, redeveloped and reborn John F. Kennedy Office building.” The building used to be home to Hudson County’s welfare division.
“Today we get to celebrate the opening of Kennedy Lofts, the first new, major, residential high-quality project in Journal Square to happen in years,” said Matt Weinreich, principal of Hopkins Group LLC, in front of a small crowd of local politicians, friends and parties involved in the work on the project.
“We’re very excited about the transformational effect that this building will have, not only because it’s going to bring new residents in, but it’s also going to demonstrate to the community that capital investment in Journal Square is a smart place to put your money,” Weinreich went on to say.
Shortly after Jersey City Mayor Steve Fulop commended Weinrech for his commitment to development outside of the city’s waterfront and city council members praised the project’s completion, a brief tour of the building took place.
From the upper floors of Kennedy Lofts, the One World Trade Center and the Empire State Building were clearly visible. A model two-bedroom apartment on the seventh floor was sparsely furnished but gave off a stylish feel, with hardwood floors, simple, ergonomic furniture and a fully tiled bathroom.
The project, which cost about $10 million, features 56 residential units, including nine studios, 39 one-bedroom apartments and eight two-bedroom apartments, according to Weinreich. Prices start at $1,500 for studios, $1,700 for a one-bedroom and $2,100 for a two-bedroom, according to kennedylofts.com.
Amenities at Kennedy Lofts include a fitness center, tenant storage lockers, bicycle storage, a lounge, a game room and a roof terrace. The building is slated to be open to renters on September 1, Weinreich said.
“To be here, waving the flag — it’s a good experience,” he said, about being the first developer to finish an upscale residential building in Journal Square in years.
Several buildings are planned for the Journal Square area, including Kushner Real Estate Group’s $666 million three tower residential development near the Journal Square PATH station. The wave of development, once completed, is expected to dramatically change the area’s feel and appearance.
“I’m really glad,” said Ward C Councilman Rich Boggiano about Kennedy Lofts being completed in his ward. “We’re finally starting to see good things in Journal Square. It’s about time.”