JERSEY CITY | 547-555 Summit Ave | 512 FT | 48 FLOORS

[chris08876]

Via: https://jerseycitynj-energovpub.tylerhos...d697-4a71-8f74-826d3be936d1?tab=moreinfo

[Crawford]

Journal Square has a huge number of 500 ft.+ towers planned.

It seems like we hear about yet another one every week or two.

[C.]

Nice find!!

Journal Square continues to evolve.

[C.]

New forty-seven story (47) mixed use development containing 776 residential dwelling units (78 of which are affordable units), 18 hotel rooms, ground floor retail, amenities and other improvements. Project to obtain the proposed height and bulk through two (2) additional floors pursuant to the Office Space Bonus and twenty (20) additional floors pursuant to the accommodations within the Journal Square 2060 Redevelopment Plan Affordable Housing Mandatory Requirements.

Lot Area (square feet): 14025
Building Height Proposed (feet): 500
Building Height Proposed (stories): 47

Residential sf: 465816
Retail sf: 3502
Office sf: 0
Industrial sf: 0
Parking Garage sf: 0
Other sf: 29372
Gross Floor Area: 498690
Total Gross Non-Residential sf: 32874
Studio Units: 632
1 Bedroom Units: 80
2 Bedroom Units: 48
3 Bedroom Units: 16
4 Bedroom or More Units: 0
Total Residential Count: 698
Number of Affordable Units: 78
Number of Workforce Units: 0
Number of Parking Spaces: 0
Number of Bike Parking Spaces: 388
Number of Signs: 9

[chris08876]

Real capitalization on the studio units. 2025 is a good year for how many units are entering the market.

Surely needed. The boom continues.

Sort of good they are maximizing the studio units too. Less 2 or 3 bedroom and more of what folks really need.

[Urbannizer]

Project Would Bring 1,517 Homes, Pedestrian Street, & Retail to Journal Square

The Jersey City Planning Board will soon hear an application for a two-phase project at 547 and 555 Summit Ave, taking up the whole western frontage of Summit Ave between Pavonia and Van Reipen Avenues.

The project was submitted to the Planning Board in May of 2025 and is designed by C3D Architecture. It would contain 1,517 homes, 5,482 square feet of retail, 41 hotel rooms, and 874 bike parking spaces. The project would be built in two phases, as two separate but connected 47-story towers. Like most other new buildings in Journal Square, no automobile parking is required or provided; the Journal Square Transportation Center is across the street and the site has a WalkScore of “98–Walker’s Paradise.” 153 homes would rent at below-market rents.

The most distinctive aspect of the project is at ground level: a pedestrian/bike walkway would pass between the two towers, connecting to Homestead Place through two other towers currently under construction at 612 Pavonia Ave and 29 Van Reipen Ave. This pedestrian walkway will be called Homestead Market and will be lined with retail spaces.