show sidebar & content

Grid Real Estate News

Development on Former Puccini’s Site Gains Approval

Jersey City’s west side has another approved development in the works, one that will replace both a beloved local restaurant and a relic of the city’s industrial age with new construction for the 21st century. Last week, the city’s Planning Board approved a proposal for the former Puccini’s restaurant and a few surrounding lots. The […]

NJCU signs new waterfront lease for School of Business

Apparently, when New Jersey City University President Sue Henderson told NJBIZ in the recent Interview Issue to “expect big things” from the university, she wasn’t kidding. On Tuesday, the school announced the leasing of a property that will house the NJCU School of Business. The university has just signed a 20-year lease on a 69,348-square-foot […]

Jersey City’s top planner stepping down after 26 years

JERSEY CITY — Bob Cotter, the city’s top planner, is retiring after 26 years on the job, a span that saw the city’s Waterfront transformed from an industrial backwater into one of the most desirable real-estate markets in the nation. Cotter called Jersey City’s growth “the stuff of legend” in a statement released by the city last week. “The […]

From atop new tower, everything else in Jersey City is down

Elevator ride up Journal Squared tower, Dec. 16, 2015 The 53-story Journal Squared tower in Jersey City was topped out on Dec. 16, 2015. Members of the media were taken to the 43rd floor of the building, which is the first of three towers planned for the site adjacent to the Journal Square PATH station. […]

Plan would transform old Jersey Journal building in Jersey City

30 Journal Square, formerly the longtime home of The Jersey Journal, would go through quite a metamorphosis under a plan set for adoption by the City Council as early as next week. Much of the building would look the same, but a pedestrian walkway with retail shops on both sides would cut through the ground floor […]

Kushner Cos. takes steps to finance two Jersey City projects

Kushner Cos. has moved one step closer on each of two projects planned for Jersey City. In a news release this week, Kushner said it has secured a $25 million loan from Santander Bank to refinance One Journal Square, a planned mixed-use development anchored by a 56-story tower. The New York-based firm is developing the […]

Moving to Jersey City? Join the Club.

Jersey City Today CreditLuiz C. Ribeiro for The New York Times Jersey City is no longer just another gritty town on the wrong side of the Hudson River, dismissed by apartment hunters. As its population soars, new housing rises and buyers get wind of the quick train commute it offers to New York, Jersey City […]

Jersey City, beyond Downtown, is growing in appeal: report

Jersey City is growing in popularity for those who would previously consider buying a home in Manhattan or Brooklyn. Those priced out of buying or renting a home across the Hudson River have made Jersey City the fastest growing metropolitan area in New Jersey, according to an article in The New York Times. The area’s […]

Grid Real Estate Represents Marchetto, Higgins and Stieve in Lease at Journal Square Office Building

Award winning architectural firm, Marchetto, Higgins and Stieve signs lease in landmark Journal Square office building

One of New Jersey’s most recognizable names in architecture and design, Marchetto, Higgins and Stieve have expanded their firm into Jersey City’s up and coming, Journal Square. The firm will continue to occupy their landmark Hoboken office. Dean Marchetto, the firm’s founder announced stated that the firm, would be opening the Journal Square office to […]

Top 10 Tips For Redevelopment Success

Today, all development is negotiated. It’s been a fact of life for developers since Jane Jacobs anda coalition of community groups defeated the ultimate power broker Robert Moses and his dreamof building Lower Manhattan expressway in 1968. Ever since the 1961 publication of The Death and Life of Great American Cities, the development process has become series […]

GRID, CBRE, Sell Four-Acre Jersey City Parcel for $19.5M

JERSEY CITY, NJ—GRID Real Estate, LLC arranged the $19.5 million sale of Puccini’s,the famed Italian catering hall and eatery on Jersey City’s West Side, along with six adjacent parcels. Bob Antonicello, Sr. and Bobby Antonicello of GRID Real Estate and Charles Berger, vice president, andRobert L’Abbate of CBRE Capital Markets’ Investment Properties team in New […]

First Journal Squared Tower Now 19 Stories Tall, Jersey City

In October 2014, YIMBY reported on the ground breaking of a 54-story, 538-unit residential tower in the heart of Jersey City’s Journal Square neighborhood. The building, the first within the larger Journal Squared project, now stands 19 stories tall, and is slated for completion in mid-2016, per The Jersey Journal. The other two towers will stand […]

Journal Square office building sold; to be converted to apartments

JSQ building sells for $5.6 million A 10-story mixed-use office building near Journal Square has sold for $5.6 million, and will be converted into — what else? — residential housing. The 45,000-square-foot building, located at Academy Street and Bergen Avenue, includes a Bank of America on its ground floor. Grid Real Estate and CBRE announced […]

Four residential buildings planned for old Jersey City pasta factory site

JERSEY CITY — Four residential buildings, two of them 25-stories high, are slated for the old Mueller’s pasta factory on Baldwin Avenue, another sign that the Downtown building boom is extending farther west. The developer, Argent Ventures, wants to build 980 units on the 5.2-acre site, located less than half a mile from the Journal […]