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Nasser Freres Receives $375M Construction Loan for Jersey City Apartment Tower

NEW YORK CITY — Developer Nasser Freres has received a $375 million construction loan for JFK Boulevard, an 840-unit apartment tower that will be located in the Journal Square area of Jersey City. The

Nasser Freres Receives $375M Construction Loan for Jersey City Apartment Tower
Photo: REBusinessOnline

Summary

NEW YORK CITY — Developer Nasser Freres has received a $375 million construction loan for JFK Boulevard, an 840-unit apartment tower that will be located in the Journal Square area of Jersey City.

The building will offer studio, one-, two- and three-bedroom units, 10 percent of which will be designated as affordable housing.

Amenities will include a spa, fitness center, multi-sport court, coworking and library lounges, game and screening rooms, an outdoor pool with sun decks, dog run, pet spa an

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