JERSEY CITY – One Journal Square Plaza, Class A office building, is located in the heart of Jersey City’s vibrant Journal Square district. Currently available on the 4th floor is 10,000 square feet and on the 1st floor is 5,400 square feet.
One Journal Square Plaza is the cornerstone of Panepinto Properties, a real estate development company based in Jersey City, dynamic redevelopment of Jersey Citys Journal Square commercial district. The first major private investment in 30 years of its time in 1984, One Journal Square Plaza refocused interest at Journal Square as a key commercial and transportation hub.
In 1984, Joseph Panepinto built One Journal Square Plaza as the corporate head quarters for Maher Terminals, Inc and Panepinto Properties, Inc. With its angular design, the building consists of 54,000 square feet of prime office and retail space.
Conveniently situated just blocks from the Journal Square PATH Train, One Journal Square Plaza is located near a vast network of transportation including connections to the NY Water Ferries, the Holland Tunnel, Hudson-Bergen Light Rail, Newark Liberty International Airport, and comprehensive network of buses. The NJ Turnpike, Route 78 and many other transportation arteries service Journal Square.
“Jersey City is the major regional port city of New Jersey and Journal Square is the heart of the true land route west,” points out Joseph Panepinto.
Adjacent to One Journal Square Plaza is a 900 car parking lot which is another future development site of Panepinto Properties. Complimenting the design of Two Journal Square Plaza, an existing 270,000 square foot Class A office building, the project will consist of 500,000 square feet of Class A office space.
Panepinto Properties has distinguished itself as a pioneer in outstanding commercial, residential and mixed-use urban developments throughout Jersey City. Panepinto Properties impressive portfolio includes (completed and to be built) 3 million square feet of office space, more than 3,000 units of luxury rental housing and more than 130,000 square feet of retail space.
For more information go to:
Panepinto Properties
Harborside Plaza Ten
3 Second Street, Suite 1203
Jersey City, NJ 07311
201.521.9000
info@panprop.com
http://www.panepintoproperties.com
JERSEY CITY – 50 Columbus, a spectacular new ultra-luxurious rental building, is located in the heart of Jersey City’s vibrant downtown district. More information visit Panepinto Properties: http://www.panepintoproperties.com.
Conveniently located just one block from the recently-renovated Grove Street PATH Station, the striking 36-story residential tower features 400 premium rental residences and an impressive offering of amenities, according to Applied Development Company and Panepinto Properties, which developed the building.
Residents also enjoy the convenience of enclosed parking, 39,000 square feet of ground floor and mezzanine-level retail space, and new on-site access to the PATH Station.
Developed by Panepinto Properties & Applied Development
“50 Columbus is designed to appeal to sophisticated, discerning professionals seeking luxury high-rise living and resort-like amenities amidst the exciting ambiance of Jersey City,” notes David Barry, President of Applied Development Company.
“This city is well known for its vibrant nightlife, galleries and restaurants. It also affords convenient access to New York City through a variety of transportation modes. 50 Columbus offers residents new standards in luxury urban living while embracing the vitality and dynamic ambiance of its surroundings.”
Designed by world-renowned architect Costas Kondylis, with interiors by celebrated designer Andres Escobar, the building is notable for a soaring, 24-hour-attended lobby with 19-foot ceilings, floor-to-ceiling glass, a professional concierge and a unique water feature.
“Residents also enjoy an upscale, hotel-like recreational experience stemming from a full-floor amenities space that includes a lounge, theater/screening room, card and billiard rooms, children’s play area and business center,” points out Stephanie Panepinto, a principal of Panepinto Properties.
“A private landscaped rooftop deck features a swimming pool, cabanas, BBQ area and tennis court. In addition, the on-site Club H Fitness Center and Spa offers state-of-the-art fitness equipment, a Juice Bar with an expansive menu, nutritional advisors and Personal Trainers.”
A wide mix of elegantly-designed floor plans is available at 50 Columbus, ranging from studios to three-bedroom residences – including eight lavish duplex townhomes. The homes enjoy an abundance of natural light, as well as spectacular views of the Manhattan skyline, the Hudson River, the Statue of Liberty and New York Harbor.
Gourmet kitchens offer sleek Euro-style cabinets with Richelieu hardware in brushed nickel, antique pearl quartz countertops and Whirlpool and GE appliances. Lavish bathrooms feature walnut vanities with Carrera marble vanity tops, ceramic tile floors, white running bond ceramic tile walls and polished chrome fixtures. All homes have wood flooring in living areas and carpeted bedrooms.
Panepinto Properties has also received approvals to develop 70-90 Columbus, two 48-story towers featuring 942 residential units, a 144-room hotel, 12,000 square-feet of ground floor retail space and 320 parking spaces. Using the same color palette as 50 Columbus, 70-90 Columbus is designed to both tie into the entire development, as well as make its own bold and distinctive statement.
“Residents and guests alike will appreciate the onsite PATH entrance located adjacent to the hotel and tower lobbies,” Ms. Panepinto adds. Construction for 70-90 Columbus will commence shortly.
For more information on 50 Columbus, visit the on-site management office, located at 50 Christopher Columbus Drive, Jersey City; call 201.434.2700 or visit the website at http://www.50columbus.com.
Panepinto Properties is a real estate development company founded in 1977 by Joseph Panepinto. Since then, the company has distinguished itself as a pioneer in outstanding commercial, residential and mixed-use urban developments throughout Jersey City. Panepinto Properties’ impressive portfolio includes (completed and to be built) 3 million square feet of office space, more than 3,000 units of luxury rental housing and more than 130,000 square feet of retail space.
Panepinto Properties
Harborside Plaza Ten
3 Second Street, Suite 1203
Jersey City, NJ 07311
201-521-9000
info@panprop.com
http://www.panepintoproperties.com
JERSEY CITY – The Gotham, a luxurious rental building, is located in the historic Paulus Hook neighborhood in Jersey City’s vibrant downtown district. More about Panepinto Properties: http://www.panepintoproperties.com.
The Gotham, developed by Panepinto Properties and Applied Development
Rising 23 Stories into the skyline, The Gotham is an impressive, 220-unit luxury rental residence – the first major apartment building developed off the Jersey City Waterfront in 20 years. The vision began when Joseph Panepinto, the President & CEO of Panepinto Properties, acquired the land in the mid-1990’s and in partnership with Applied Development Company completed the building in 1999. “The Gotham was designed in an inspired urban Art Deco motif,” points out Joseph Panepinto. With the grace and sophistication, The Gotham stands out as one of the top luxury buildings on the Hudson's Gold Coast.
“The Gotham is an upscale full service building. Residents don’t even have to leave their doorstep,” notes Joseph Panepinto. The 20,000 square feet of retail space contains a valet dry cleaning, upscale deli, onsite daycare and two gourmet establishments, O’Connell’s Restaurant and Baja Mexican Restaurant. The convenient 340-car parking garage is another added feature for the residence.
Mr. Panepinto has always been on target for market needs and put together a wide mix of elegantly-designed floor plans ranging from studios to three-bedroom homes with layouts that include balconies and terraces.
The Gotham captures your imagination with the finest amenities anywhere along the Hudson River. Residents benefit from all of the vast amenities such as a 24-hour concierge, a cutting edge private fitness center, a children's outdoor playground and indoor playroom, a landscaped sun deck.
Surrounded by shopping, cafés, and restaurants, The Gotham is a premium destination, centrally situated for your commuting needs just blocks from Light Rail, Ferry, and Grove Street and Exchange Place PATH trains to Manhattan. Also available is easy access to Newport Mall, Meadowlands Sports Complex, and Newark Airport. Its exquisite architecture cuts a unique outline on the Jersey City skyline and its views of the Manhattan skyline are breathtaking.
For more information on The Gotham - 255 Warren Street, Jersey City - visit the new leasing office, located at 50 Christopher Columbus Drive, Jersey City; call 201.761.0350 or visit the website at www.thegotham.com.
Panepinto Properties is a real estate development company founded in 1977 by Joseph Panepinto. Since then, the company has distinguished itself as a pioneer in outstanding commercial, residential and mixed-use urban developments throughout Jersey City. Panepinto Properties’ impressive portfolio includes (completed and to be built) 3 million square feet of office space, more than 3,000 units of luxury rental housing and more than 130,000 square feet of retail space.
For more information go to:
Panepinto Properties
Harborside Plaza Ten
3 Second Street, Suite 1203
Jersey City, NJ 07311
201-521-9000
info@panprop.com
http://www.panepintoproperties.com
Hudson County Community College Vice President for Development, Joseph Sansone, announced that the HCCC Foundations 10th Annual Holiday Scholarship Extravaganza was its most successful yet.
The event was held in Journal Square on December 6 in the College’s new Culinary Arts Institution Conference Center at 161 Newkirk Street. Foundation Board of Directors Chairman, Paul Silverman, said the Gala committee had worked especially hard to make this year’s event the most special.
Grand Prize Lucky Odds Raffle Winnings donated by Joseph Panepinto as scholarship
One of the evening’s highlights was the “Lucky Odds Raffle” with the first prize winnings of $12,000 by Joseph Panepinto from Panepinto Properties - a real estate development company based in Jersey City. Attending the event and accepting the prize on Mr. Panepinto’s behalf was his daughter, Stephanie Panepinto, a HCCC Foundation Board member.
Upon acceptance of the prize, Ms. Panepinto donated back the winnings in the form of a scholarship to HCCC. The prize winnings will provide graduate students from Snyder High School a $2,000 a year scholarship for the next 6 years to cover tuition. The first student to receive the Panepinto Family Scholarship was Teyonnah Spinner, a nursing student from Jersey City, for the Fall 2007 to Spring 2009 school term.
Mr. Panepinto continues a family legacy of charitable work serving Jersey City’s community in many areas. Among three family members—Joseph Panepinto, Sr., Stephanie Panepinto, and Joseph Panepinto, Jr.—the Panepinto family is represented on the following Jersey City charitable institutions: Liberty Health-Jersey City Medical Center, Christ Hospital, Jersey City Free Public Library Foundation, Jersey City Museum, Hudson Community College, St Peter’s College, and International Institute of New Jersey. View these projects: http://www.panepintoproperties.com.
For more information go to: http://www.hccc.edu/innerContent.aspx?menu_id=370&id=1132
Panepinto Properties
3 Second Street, Suite 1203
Jersey City, New Jersey 07311
201.521.9000
info@panprop.com
http://www.panepintoproperties.com
Jersey City Museum’s Sixth Annual ArtRageous Ball will take place on Thursday, April 30, 2009 at brand-new Westin Hotel Jersey City, a premier venue located in the waterfront financial district of Jersey City.
Situated in the midst of the downtown revitalization of Jersey City, Jersey City Museum has been called “a cultural gem” by New Jersey Life Magazine and last year was listed as one of the top five things to see in Jersey City by AM New York. All proceeds from the ArtRageous Ball benefit the Jersey City Museum's general operations, which assist in welcoming over 25,000 visitors each year, including the 11,000 children who attend arts education programs.
Each year the ArtRageous Ball is host to a sell-out crowd comprised of real estate developers, financial services professionals, artists, cultural enthusiasts and elected officials from the local area and throughout the state. Among last year’s attendees was Joseph Panepinto from Panepinto Properties. Panepinto Properties has been a corporate sponsor of the museum for the past several years and continues to support the ArtRageous Ball each year. Last year’s featured Luxury Raffle prize was a privately catered party cruise around the Hudson River for 40 people aboard The Valiant Yacht, www.valiantyachtcharters.com, donated by Panepinto Properties. Stephanie Panepinto, principal at Panepinto Properties - a real estate development company based in Jersey City, is on the Board of Trustees at the Jersey City Museum and Chairman of the Development Committee. Her continued commitment and support has helped foster the growth of the Jersey City Museum.
Fidelity Investments is the Lead Sponsor of the 2009 event. Panepinto Properties, Bank of America, JPMorgan Chase, PSE&G and Sovereign bank are also sponsors at this year’s event.
For more information go to: http://www.artrageousball.com
Panepinto Properties
3 Second Street, Suite 1203
Jersey City, New Jersey 07311
201.521.9000
info@panprop.com
http://www.panepintoproperties.com
Developer Joseph Panepinto ’66 recalls a time in the not-too-distant past when Starbucks, the upscale coffee retailer, refused to consider locating a franchise in Jersey City. Today, a Starbucks on 14th Street near the Hudson River waterfront is far from the only thing that’s hip and trendy in Jersey City.
Once an aging metropolis ravaged by rising crime and a shrinking industrial base, the city is now the state’s hottest urban market.
The redevelopment effort, initially confined to the area fronting the Hudson River, has swept across the river like a great wave of promise resulting in thriving business centers and residential enclaves for both upscale and working class families.
“The whole city has been exploding in a good sense for the last five years or so,” said Mayor Jerramiah T. Healy. “Ten years ago we had vacant lots and abandoned buildings. Right now there are five or six bidders lined up for each vacant lot and building. A decade ago you couldn’t give some of these things away.”
Gateway to Opportunity
The outlook was very different for Jersey City back in the mid-1970s, when Panepinto first wet his feet as a developer.
Joe Panepinto eyed Journal Square as a site with real potential for development and sunk $10,000 into a project to purchase and renovate 634 Summit Ave., which is now occupied by the New Jersey Superior Court.
As plans progressed along the waterfront, other projects in the area by Panepinto soon followed, including the construction of One Journal Square Plaza, the corporate headquarters for Maher Terminals.
“I just felt that there was a real opportunity to develop Journal Square,” said Panepinto, who is now President and Chief Executive Officer of Jersey City-based Panepinto Properties.
Jersey City’s business and residential markets have weathered several downturns through the past two decades of development. Experts say the city’s location and ample transportation into the city has played a key role in helping markets to rebound stronger than ever.
“Our key is our location,” Healy said. “We’re a gateway to the commercial, financial center of the world, New York City. With four ferry sites and multiple PATH train stations, you can access New York in minutes.”
Infrastructure improvements played a vital role in fueling Jersey City’s renaissance. The Hudson- Bergen Light Rail began operating in 2000 and now provides ready transportation from Bayonne to North Bergen. The system currently serves 34,000 riders a day and New Jersey Transit increased service frequency and doubled passenger capacity to keep up with demand.
As a congressman and now as a U.S. Senator, Robert Menendez ’76 played a critical role in securing state and federal funding for the $2.2 billion project.
“We were able to create an economic engine that continues to fuel new businesses and create new jobs,” said Menendez. “The Hudson- Bergen Light Rail has become a vital part of the region’s transportation network and a model of how we can thoughtfully link communities and provide transportation options while achieving our shared goals of reducing pollution, easing traffic and encouraging smart growth.”
As other urban centers continue to experience population declines, Jersey City saw its population spike by more than five percent between 1990 and 2000.
In fact, residential development in Jersey City is steaming full speed ahead with 8,000 units under construction and up to 85,000 more predicted to be built within the next 25 years, according to New Jersey Business magazine.
Panepinto’s State Square project transformed the Journal Square area that once housed the State Theater into a 12-story, 130-unit rental residence boasting 13,000 square feet of commercial and retail space and a 400-car parking garage. Completed in 2005, the project is the area’s first major residential project in 30 years.
On the waterfront, Panepinto is partnering with Donald Trump and several other firms to construct Trump Plaza, which will become the state’s two tallest luxury residential towers.
“When I came up with the idea of the tallest residential complex in New Jersey eight or nine years ago, people said I was crazy,” said Panepinto, who recently inspired other Saint Peter’s alumni to donate some $300,000 to the College through an extremely generous challenge gift of his own. “Now Trump loves the idea”.
For the full story go to: http://www.spc.edu/pages/1283.asp.
Jersey City, NJ, March 9th 2009 - Joseph A. Panepinto, Jr.—principal at Panepinto Properties—has joined the board of Liberty Health, which runs the Jersey City Medical Center.
A multi-hospital and health service system, Liberty Health provides for the region's every health need, from high tech infant care or adult surgery, to in hospital rehabilitation and friendly, home care services. The staff is, without a doubt, highly trained to meet any family's particular health care need.
Mr. Panepinto continues a family legacy of charitable work serving Jersey City’s community in many areas. Among three family members—Joseph Panepinto, Sr., Stephanie Panepinto, and Joseph Panepinto, Jr.—the Panepinto family is represented on the following Jersey City charitable institutions: Liberty Health-Jersey City Medical Center, Christ Hospital, Jersey City Free Public Library Foundation, Jersey City Museum, Hudson Community College, St Peter’s College, and International Institute of New Jersey. View these projects at http://www.panepintoproperties.com.
Panepinto Properties, Inc.
3 Second Street, Suite 1203
Jersey City, NJ 07311
201-521-9000
info@panprop.com
http://www.panepintoproperties.com
The crisis in the financial markets has had all eyes turned toward Wall Street, with the occasional long stare down at Washington DC. But it's not just Manhattan skyscrapers that are feeling the shockwaves. Over the past decade, a lot of banks and financial services companies have moved big chunks of their operations across the Hudson River. And now Jersey City is finding itself uncomfortably close to Wall Street's fault line. Sally Herships reports.
Sally Herships: It's been a tough couple of weeks for Jeremiah Healy. He's Jersey City's Mayor. When those Wall Street banks started to fail, he felt one thing...
Jeremiah Healy: Scared, when the news first came out, 'cause I started counting jobs. I said there’s 3,400 jobs. 1,700 at Lehman Brothers, 1,500 at Merrill Lynch, 200 at AIG.
Healy: Now maybe 15 percent of those employees actually live in the city, but whether they live here or not, they are coming here every morning at 8:30. They go out to lunch at 12:30, they leave at 5 o'clock. That's all foot traffic. So we have all these small businesses that have evolved around that downtown area. All of those stand to be tremendously and negatively affected if those jobs went south.
Joe Panepinto: The mood there is that everybody is worried about losing their jobs. It's a high emotional time. It is fear. It's driven by fear. Joe Panepinto Jr. manages and develops real estate downtown at Panepinto Properties. His office is high in one of the glittering buildings that have sprung up along the waterfront in the last decade. Panepinto says he smelled fear in the Jersey City air when the meltdown began. But he caught a whiff of opportunity, too.
Joe Panepinto: It's not good news, it's never good news when financial and insurance industries hit like this, but it's not necessarily as bad as everyone would think for Jersey City. Panepinto's playing safe, hedging, if you like. He's put one project on hold. But he's going ahead with another development.
Joe Panepinto: Well we're real estate developers, so we always have to dream.
Herships: So there's going to be a new building?
Joe Panepinto: Yes, even with the market the way it is.
Herships: Ground will be broken?
Joe Panepinto: Exactly. I'll break it myself if I have to. Joe Panepinto has good reason to chuckle. The cost of doing business in Jersey City is low, especially compared to Manhattan. This crisis has brought prices down even further and lured buyers. Learn more about at Panepinto Properties http://www.panepintoproperties.com.
Hazel Zoleta is a commercial real estate broker. After the news broke about the Wall Street banks, she expected business to fall off. Instead, her phone exploded as investors piled on.
Hazel Zoleta: Owners are more willing to negotiate, everything from the leases to what kind of prices they are gonna be willing to sell for. So that's why people are out there. Smart business people and smart investors and really responsible home buyers are out there. You know if it's priced reasonable, people will buy.
The shopping frenzy isn't confined to the real estate market. Crisis or no crisis, Jersey City's malls are packed. And residents are shopping up a storm. Like Hazel Zoleta's clients they're snapping up bargains as sellers cut prices to clear inventory. All this activity puts money in Jersey City's pockets, but Mayor Jeremiah Healy is still nervous. He knows how important Wall Street is to his community.
Zoleta: I do not root for any bad news for New York City. I view it not as a big brother, as a gargantuan brother. And our fates are inextricably entwined for better or worse. We want New York to boom as they have forever and then we will then also boom.
Will $700 billion do it? New York hopes so. Across the river, Jersey City has its fingers crossed, too. Learn more about at Panepinto Properties http://www.panepintoproperties.com.
Panepinto Properties, Inc.
Jersey City, NJ 07311
201-521-9000
info@panprop.com
http://www.panepintoproperties.com
Founder and President of Panepinto Properties Joseph Panepinto joins the Advisory Board of the International Institute of New Jersey. “Jersey City has always been a focal point in my life. I grew up, raised a family, and forged my profession in this illustrious and diverse city” said Mr. Panepinto. With a track record built on both insight and passion, Joseph Panepinto has established and nurtured a vibrant company, and at the same time rebuilt the city he loves. Through Panepinto Properties, his passion endures and is the vehicle for the many great plans and dreams he has for the future.
Panepinto Properties sensing opportunity and growth in the early 1990s Joseph Panepinto added the Jersey City Waterfront Area to his portfolio. By the late 1990s, the demand for “Class A” office and luxury residential space had increased. In partnership with Applied Development Company, Panepinto Properties developed The Gotham (1999), the first luxury residence off the Jersey City waterfront since the 1950s. In partnership with Mack-Cali, Panepinto added Harborside Plaza 10 (2002), a magnificent 600,000 square foot office tower built for Charles Schwab & Co., to its portfolio. Columbus Plaza, a 1.9 million squarefoot residential/commercial complex, completed the first tower, 50 Columbus, in September 2008. 70 & 90 Columbus are currently in design, and Trump Plaza, the two tallest residential towers in New Jersey, totaling 862 units, completed Phase I tower in 2008. In addition to these striking waterfront properties, Panepinto Properties continues to develop at Journal Square. State square is a stunning residential complex completed in 2005. It is the first large-scale residential development at Journal Square in over 30 years. View these projects at http://www.panepintoproperties.com.
Jersey City … The true land route west
As President and CEO of Panepinto Properties, I am expanding upon my long-held belief that Jersey City is a treasure trove waiting to be rediscovered. This idea is rooted in Alexander Hamilton’s original vision for Jersey City as the major regional port city. In Hamilton’s view, as in mine, Jersey City has it all — a convenient location on the Hudson Riverfront, easy access to seaports and other avenues of transportation, and unlike New York City, it is not surrounded by water on all sides, making it the true land route west. For more information go to: http://www.panepintoproperties.com.
Panepinto Properties, Inc.
3 Second Street, Suite 1203
Jersey City, NJ 07311
201-521-9000
info@panprop.com
http://www.panepintoproperties.com
JERSEY CITY – One Journal Square Plaza, Class A office building, is located in the heart of Jersey City’s vibrant Journal Square district. Currently available on the 4th floor is 10,000 square feet and on the 1st floor is 5,400 square feet.
