Posted Sep 26, 2017, 4:50 PM
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Registered User
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Join Date: Jan 2014
Posts: 3,156
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http://www.nj.com/jjournal-news/index.ssf/2017/09/kushners_resurrect_plans_for_j.html
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Plans are for the towers to rise 849 feet high, according to the Federal Aviation Administration, which would make them the tallest buildings in Journal Square by far. The next tallest building proposed for the area is the second Journal Squared tower -- developed by Jared Kushner's cousin, Jonathan -- which is going to be 759 feet tall.
When Kushner Cos. and KABR Group bought the property -- at the time Jared Kushner was the Kushner Cos. CEO -- Fulop heralded the move as a sign that large-scale real-estate development was finally coming to the long-vacant and trash-strewn lot across the street from the old offices of The Jersey Journal (the lot's actual address is 10 Journal Square). The project seemed to be moving forward, with the Planning Board giving its site plan approval in August 2016.
Then Kushner's father-in-law, Donald J. Trump, was elected president in November 2016, and suddenly working with Kushner was toxic for Democrats like Fulop, who is seeking re-election in November. After Kushner's sister made her May 6 pitch to Chinese investors, Fulop announced on Facebook that the city would not approve Kushner Cos.' request for a 30-year tax break and $30 million in city-issued bonds. On May 31, the company withdrew its request for the tax abatement but left the door open to reapply in the future.
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This Kushner family is connected. lol
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Councilman Rich Boggiano, who represents the area, said he supports the project and would support a tax abatement as long as it does not last 30 years.
"I want to get Journal Square finished," Boggiano said. "I'm tired of looking at an empty lot in Journal Square."
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Wow Boggiano!!! Stars aligned this time?
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