Five years ago, Jared Kushner may have been a well-known personality in and around New York due to his relationship with the Trump family, but now he is almost a household name. And that may not be a good thing.
Kushner and his company are currently developing a 79-story tower of luxury apartments in Jersey City in the Journal Square area. The new development is reported to have 744 rental units on top of 121,640 square feet of retail space, 117,840 square feet of office space and 388 parking spaces. The address will be 1 Journal Square in Jersey City.
It doesn’t look like Kushner is going to get the help from Jersey City Mayor, Steve Fulop, like he did when he built Trump Bay Street. The two sides seem to have parted ways in the last three years. Back in May, NJTVOnline ran a story stating that Mayor Fulop is no longer supporting tax incentives for this project, which includes a 30-year tax abatement and a $30 million city-backed loan.
While we are waiting to see how this development plays out, there are dozens of new complexes in Jersey City with 1 and 2 bedroom apartments for rent. The previously mentioned Trump Bay Street has five 1 bedroom, 1 bathroom apartments available starting at $2,595 per month. Down the street and around the corner at The One Jersey City, there are 1 and 2 bedroom apartments listed on hotpads.com. The 1 bedrooms start at $2,500 per month, and the 2 bedroom unit is listed at $3,755 per month. At 444 Washington Blvd in Jersey City, you will find 13 available 1 and 2 bedroom apartments for rent starting at $2,540 per month for a 1 bedroom, 1 bath with 817sqft of living space. The 2 bedroom units have 2 bathrooms, and start at $3,850 for 1,140sqft of living space.
These are just a few samples of available Jersey City luxury apartment rentals, just in case you are not dead set on living in a Kushner or Trump related building.