Revised plans for One Journal Square, the $800 million, two-tower Kushner Companies project slated for a plot of land outside the Journal Square PATH hub, were approved unanimously by the Jersey City Planning Board last night.
Board members who voiced support of the plan, which the Kushners are developing with KABR Group, indicated a desire to get the project built after years of delays and decades of city promises to redevelop the property, a now-vacant lot across the street from the old offices of The Jersey Journal.
“It’s about time we got something built in Journal Square,” said board member Arnold Bettinger, a former councilman in the area.
“We need to get this done,” said board member Orlando Gonzalez. “I’ve seen I don’t know how many iterations of this.”
Kushner Companies is run by the family of presidential son-in-law and senior adviser Jared Kushner, who was the company’s CEO until President Trump took office in January.
One Journal Square received worldwide attention in the spring when Kushner’s sister Nicole Kushner Meyer cited her family ties when luring foreign investors seeking visas to help fund the project.
Meyer’s comments were the first in a series of bad developments for One Journal Square, including the loss of major investor and planned tenant WeWork, the expiration of a critical state tax break and Mayor Steve Fulop’s announcement that the city would not support a package of city subsidies the developers requested.