View Single Post
  #460  
Old Posted Mar 28, 2017, 6:29 PM
C. C. is offline
Registered User
 
Join Date: Jan 2014
Posts: 3,014
Journal Squared is 22.8% leased (122 units) as of March 27, after being on the market for 24 days.

Video Link


Journal Squared leasing starts out strong
More than 120 units gobbled up in opening weeks
By Mario Marroquin, March 27, 2017 at 4:00 AM

Quote:
When the Marketing Directors first started to market apartment units in the first tower of the Journal Squared complex, the firm had no idea what to expect.

“There’s been a huge wave of construction in downtown Jersey City, it’s been very established and very sought after,” Martin Brady, the executive vice president of the Marketing Directors, said. “Journal Squared is the new one.”

But after only 20 days, Journal Squared had signed 104 leases for that first tower. By Monday morning, four days later, the number was up to 122.

“We opened on March 3, and we have been incredibly busy since,” Brady said. “We probably had over 1,000 people who had expressed interest before we opened.”

By the time of its completion, the Journal Squared complex will house 1,838 units across three towers, as well as 36,000 square feet of retail space.

Brady said more than 50 people a week are coming to take a look.

“If we see on average 20 or 25 people during the week, we’ll see more than 25 people on the weekend alone,” he said.

Some of the first looks went to Jersey City Mayor Steven Fulop, who joined the Kushner Real Estate Group’s Jonathan Kushner and National Real Estate Advisors’ Jeffrey Kanne at the official ribbon-cutting ceremony earlier this month.

Fulop said the importance of the project cannot be overstated.

Read the full article from NJBIZ at http://www.njbiz.com/article/2017032...rts-out-strong
Reply With Quote