The project will actually be done by Journal Square DevelopmentLLC, a company set up by Harwood Properties specifically for thepurpose. Harwood is one of several family-owned enterprises thathave operated in Jersey City for generations and is based in aJournal Square building. Harwood Properties also developed and ownthe State Square apartment community on Kennedy Boulevard, about ablock from the Journal Square redevelopment site.

The specifics of the site plan still have to be worked out forformal presentation to city planning officials. However,preliminary and very general plans unveiled by Lowell Harwood, CEOof Harwood Properties, call for two high-rise towers with acombination of rental apartments, retail stores and an undergroundparking complex. A hotel could also be part of the mix.

"We're looking forward to keeping the timetable going and evenaccelerating the redevelopment plan," Harwood told reporters afterthe redevelopment agency signed off on his company as designateddeveloper. "We're looking to starting this project as soon aspossible."