JERSEY CITY – State Square, Rental Residences including prime retail and parking garage located in the heart of Jersey City’s bustling Journal Square.
State Square is a 12-story, 130-unit rental residence, with 15,000 square feet of prime retail and a new eight story 400-car parking garage. Built in 2005, this is the first major residential project at Journal Square in 20 years. Financed by tax exempt NJ State Bond issue, State Square provides 30 units of affordable housing.
State Square is a magnificent addition to Jersey City’s Journal Square district. The buildings unique one-dimensional design uses bands of colored brick to achieve a textured and variegated façade. “The contemporary exterior provides a stunning counterpoint to the historic buildings that surround it,” points out Joseph Panepinto, President & CEO of Panepinto Properties. The developer of the property--a consortium whose principals include The Alpert Group, Applied Development Co., Panepinto Properties, Harwood Properties and former Congressman Frank Guarini.
State Square is ideally located in the center of Journal Square near one of the Port Authority's largest metropolitan hubs. Thus, commuting by public transportation is possible to Manhattan and every town in Hudson County via the PATH trains, the Hudson-Bergen Light Rail and express busses and ferries. By attracting new residents to the area and providing additional retail services, State Square is an important catalyst to continuing the revitalization of Journal Square.
“As a St. Peter’s College student I used to come Journal Square in my spare time and have great memories of the areas vitality,” notes Joseph Panepinto. With a portfolio of complete and to-be-built residential and commercial properties in Journal Square, Joseph Panepinto envisions the revitalization of Journal Square in the recent years to come. State Square marks one of Jersey City's most significant off-river residential development efforts.
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
