The project is also applying for federal and state tax credits for the affordable housing component of the project, which the council will be voting on Wednesday for local support.
Journal Square has been on a gravy train of revitalization, and there are no signs of it running out of steam any time soon.
Next stop in the comeback of the once-proud Jersey City business and transportation hub is Newark Avenue, where a 34-story residential building that features 20% affordable housing is being planned. But the building comes at a price that one councilman says is too steep — it would be build on the site of two parking lots.
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