Magnolia Avenue

The structures that have stood vacant for several years on the block next to the Journal Square Transportation Center in Jersey City are now gone, making room for a highly anticipated twin-tower project.

Dozens of union workers joined developers and politicians next to rubble and bulldozers yesterday to trumpet the latest step toward the future $500 million One Journal Square development.

Construction of the mixed-use complex will begin this year and take three years to complete, officials said.

Jersey City Mayor Jerramiah T. Healy called the demolition a "great step forward," noting the development will generate 800 construction jobs, with at least 160 of those jobs going to Jersey City residents through a project-labor agreement. Once built, the project will provide 300 permanent jobs, he said.

Final construction plans need to be submitted to the Office of the Construction Code Official before a building permit can be issued, city officials said.

Most of the land is already owned by the development's main investor, the Multi-Employer Property Trust (MEPT). But a portion of the 1.5-acre site is still owned by Hudson County and has to be conveyed to the developers, officials said.

Jersey City-based Harwood Properties, whose principal is Lowell Harwood, is one the partners building the development.

When complete, the development will include 1,615 rental residential units within two towers - one 68 stories, the other 50 stories. The project will also have 70,000 square feet of retail space and 680 parking spaces, said Liz Opacity, a spokeswoman for the developer.


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