Posted Mar 3, 2016, 2:15 PM
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Registered User
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Join Date: Aug 2015
Location: t dot
Posts: 194
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Journal Squared Adding Three Peaks to Jersey City Skyline
Quote:
Journal Square is a historic residential and business district in Jersey City that achieved fame for its vibrant assortment of movie palaces. Named after the Jersey Journal newspaper that once housed their headquarters in the area, Journal Square is served by a multi-modal transportation hub that provides PATH rail service to Newark, Harrison, Hoboken, and Jersey City, plus lower and midtown Manhattan in New York City. While most transit hubs are credited with injecting life into an urban area, the relocation of the Port Authority bus terminal coupled with the popularity of local shopping malls actually decreased foot traffic. Though the decline of the neighbourhood has left a gap in the local economy, it has also presented a clean slate of sorts for some developers who are hoping to rejuvenate this cultural corridor. KRE Group and National Real Estate Advisors are among two city builders realizing this potential, reaching into their pocketbooks, and investing in the area with a three-tower residential development.

Journal Squared and the Statue of Liberty, image by towerpower123
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