JERSEY CITY, NJ — Developer KRE Group and Northwestern Mutual announced a joint-venture agreement to develop a sculptural, 38-story tower that will bring 507 new luxury residences and a 4,500 s/f public plaza to one of Jersey City’s most desirable neighborhoods. Located at 351 Marin Blvd., the mixed-use development, which stretches from 1st to Bay Sts., will also be home to nearly 8,000 s/f of commercial space, 203 parking spaces and two floors of amenities for its residents. The partnership has broken ground on the building, branded as 351 Marin.
“We’re excited to partner with Northwestern Mutual to bring a new, mixed-use development to this prime location in Jersey City,” said Jonathan Kushner, president of KRE Group. “351 Marin will offer its residents an exceptional downtown location and urban lifestyle with unmatched walkability, and we’re thrilled to work alongside Northwestern to bring this project to life.”
“We’re very impressed with KRE’s portfolio of outstanding residential projects and view 351 Marin as the perfect opportunity to partner with Jersey City’s preeminent developer,” said Tom Zale, vice president and head of real estate investments at Northwestern Mutual. “As an investor, large luxury apartment projects in thriving markets such as Jersey City have been an area of consistent success, translating to real value for our policyowners.”