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Wednesday, December 05, 2007

Journal Square Gets Developers' Love

The Real Deal reports Journal Square is finally catching the development bug.

"Currently, Journal Square is a relative bargain as existing condos run approximately $300 a square foot, while Jersey City's waterfront has been selling at roughly $500 a square foot for new construction. Manhattan condo prices, by contrast, ran nearly $1,350 a square foot in the third quarter, according to numbers from Miller Samuel appraisers."

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