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NYIF Jersey Towers

49 stories / 607,328 SF / 595 Unit APARTMENT RENTAL building with first-floor retail and parking garage built adjacent to the PATH Train / Journal Square Transportation Center. Just 11 minutes by Path train to New York, NY.

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Information

Qualifies under URBAN TEA
Yes
 
Number of EB-5 Investors
145
​
Raise Amount
$116,000,000
​
Phase
1st Tower
​
Jobs Per Investor
16
 
Construction Completion Guaranty
Yes
​
Capital Stack
Loan:   $175M (47%)
EB5:     $116M (31%)
Equity:   $81M (22%)
Total:    $372M (100%)​

Location
JOURNAL SQUARE, NEW JERSEY

In 2019, the Port Authority commenced redevelopment planning of the entire 10-acre site known as the Journal Square Transportation Center. This redevelopment initiative is the single most impactful and transformational undertaking for the neighborhood and is proposed to include a 6 million square foot mixed use cultural center including retail, office, hotel, residential, entertainment, and public plaza space.

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Developers

Jersey City Towers is being developed by a joint powerhouse partnership comprised of KRE Group, Ironstate Development, Panepinto Properties, and AJD Construction. These four families have developed most of the high-rise residential towers in Jersey City and have partnered on many of them.

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KRE Group

Panepinto Properties

Ironstate Development

Panepinto / Ironstate

KRE / Ironstate

  1. Journal Square Plaza 1

  2. Journal Square Plaza 3

  3. Canopy by Hilton

  4. NYIF Jersey City*

  5. Harborside

  1. Journal Squared 1

  2. Journal Squared 2

  3. Journal Squared 3

  4. 485 Marin

  5. 351 Marin

  6. Grove Pointe

  7. NYIF Jersey Towers 1 & 2*

  1. Gotham

  2. 70 Columbus

  3. NYIF Columbus *

  4. NYIF Journal Square *

  1. 18 Park

  2. NYIF Grand *

  3. 235 Grand

  1. 295 J

  2. 340 Third

  3. Residence Inn

  4. New Jersey Harborside

  5. Urby State Square

*Developments NYIFund raised or is raising funds for.

The Regional Center and Project Owner are separate entities. At NYIF, we prioritize the benefits of our EB5 investors.

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Press
 

NYIFund is here to provide you with more information and answer any questions you may have. Contact us.

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