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October 20, 2020

$900M Jersey City residential towers could start in 2021

  • The city reached an agreement in a political bias lawsuit over the project.
    • By DAVID PORTER
    Associated Press

    Jersey City has reached an agreement in a lawsuit by White House adviser Jared Kushner's family's company that claimed the city tried to sabotage a $900 million residential tower project out of political animosity toward Kushner's father-in-law, President Donald Trump.

    Under terms of the agreement obtained by The Associated Press, the project will move forward and Journal Square Partners, of which Kushner Companies is a principal investor, will release the city from all claims provided certain benchmarks are met. The city's redevelopment authority is scheduled to vote on the settlement this week.


     
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