The state has recently seen an uptick in new residential construction, especially along the northeastern coast.
Developers told NJ Advance Media that the increase is largely due to the improved economy and the desire of younger generations to be closer to New York City and mass transit.
This is evident in Jersey City’s Journal Square, which is seeing renewed interest among developers. Journal Squared is a planned three-tower project that will bring 1,840 units to the area. The city could also soon be home to the tallest building in the state — a 950 foot-tower planned for 99 Hudson Street.
The Modern: The first tower — 47 stories — started leasing in October. The second will be built later this year. SJP Properties is the developer of the $500 million Fort Lee-based project.