Crews break ground on 53-story tower coming to 499 Summit

by newjerseyshores | Sep 18, 2023

499 Summit Jersey City
Credit: Panepinto Properties

Construction on 499 Summit has officially started. Last week, Panepinto Properties broke ground on the 53-story residential tower, which will house 605 rental residences, 3,200 square feet of retail space, a new landscaped public plaza, parking garage, 304 bicycle parking spaces, and a wide range of amenities.

Journal Square is undergoing massive changes. In addition to 499 Summit, the neighborhood will soon welcome the North American headquarters of the Centre Pompidou Jersey City, a new Journal Square Urby tower, and a revamped Loew’s Theatre.

“When you look forward three, four, or five years, this will be the heart of the city again from a culture standpoint, from a nightlife standpoint, from a livability standpoint,” said Mayor Steven Fulop.

499 Summit is expected to finish in the second quarter of 2026. It’ll include one-, two- and three-bedroom residences.

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* This article was originally published here