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Groundbreaking for Second Trump Plaza Building in Jersey City Expected in June

Developers of Trump Plaza in Jersey City, N.J., are gearing up for the ground breaking on the second tower of Trump Plaza in Jersey City after the city council approved a five-year tax abatement on the property last week.

The mixed-use project, located at 65 Bay Street in Jersey City, is being developed by Kushner Companies and KABR and is expected to break ground in June. Once construction begins the project is anticipated to be complete within 30 months.

“With the site plan approvals and tax abatement in place, we’re excited to finally move forward with 65 Bay Street,” Eugene Paolino, partner at Genova Burns Giantomasi Webster, which is providing representation for the developers, tells MHN. “After what has been a challenging development and approvals process, 65 Bay is going to infuse the downtown with an array of new jobs and truly exciting housing options. It’s an all-around win for Jersey City.”

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By Joshua Ayers
http://www.multihousingnews.com/news...004101125.html