Thank you for sharing!

Your article was successfully shared with the contacts you provided.

JERSEY CITY-Mayor Jerramiah Healy has scheduled a press conference for Wednesday morning to unveil the details of what he terms his Visionary Plan for Journal Square. The latter is a section of this city’s downtown surrounding a major PATH light rail station that has struggled economically for a number of years.

“We have had a major renaissance in Jersey City on our eastern waterfront, the Hudson River, but it has been my priority to see that this rising tide lifts all boats,” Healy says, in a statement. “In my quest to make [this city] greater, I have requested that this vision for Journal Square incorporate my principles of making Jersey City greener, safer, more affordable and more prosperous.”

To accomplish that, the Jersey City Redevelopment Agency earlier this year commissioned the Belle Mead, NJ-based A. Nelessen Associates to work out the details. The land planning firm is no stranger to this city, having previously drawn up plans for the 100-acre Bayfront Redevelopment Plan involving 100 acres along this city’s New York Bay waterfront, as well as a redevelopment plan for the area surrounding the campus of New Jersey City University.

City officials would not release details of the Journal Square plans prior to tomorrow’s press conference, but general information released by the Mayor’s Office envisions development of “thousands of new housing units and millions and sf of retail and commercial space in what is the geographic heart of the city….”

“The Healy administration has begun the process of turning things around and restoring Journal Square to its former prominence as the commercial and entertainment center of the city,” says a spokesman. “The plan incorporates smart growth in Journal Square, which is a state-designated transit village where eight million commuters utilize PATH light rail and bus transportation annually.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.