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JERSEY CITY, NJ-Local officials have given KOR Cos. the necessary site plan approvals to proceed with a 113-unit high-rise residential condo project called Montgomery Greene in this city’s midtown area. Company officials say they expect to break ground next spring, and are targeting a summer of 2005 occupancy.

The 20-story luxury building, which is being designed by the local architectural firm of Lindemon Winckelmann Dupree Martin and Associates, will also include some 4,000 sf of ground-floor retail space, as well as 125 spaces of covered parking. The units themselves will include a mix of loft, studio, one- and two-bedroom residences.

KOR Cos., based in Wall Twp., NJ, is a developer of industrial, office and residential properties. Company officials have not released any cost figures on Montgomery Greene.

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