"Our two companies share a great deal in common," says Harry Kantor, president and CEO of KOR. "I look forward to working with my colleagues at Time Equities."

"Development on the Jersey City waterfront is very exciting, and we see the area as a growth market," adds Time Equities' chairman Francis Greenburger.

The Montgomery Greene project entails a total of 113 luxury residential condo units, along with some 4,000 sf of ground-floor retail space and a parking garage. Groundbreaking is expected for the first quarter of next year, and the sales effort is expected to start next spring.

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