Integritas Capital and Kriss Capital have provided $220 million in construction financing for Imperial Tower, a 56-story, 827,867-square-foot mixed-use development located in Jersey City’s Journal Square neighborhood.
The financing supports one of the largest ground-up developments currently being advanced in the submarket and underscores the firm’s continued commitment to backing independent sponsors developing institutional-quality projects in high-growth, transit-oriented markets.
The financing supports a 56-story mixed-use development at 2966 John F. Kennedy Boulevard in Jersey City, delivering 542 residences, a Marriott-flagged hotel, state-of-the-art amenities, and ground-floor retail adjacent to the Journal Square PATH station.
The building will include 57 affordable housing units. Completion is expected in 2028.
Kuldeep “Sunny” Kumar and Mohan Myneni are the developers, with Noble Construction serving as general contractor and MVMK Architecture serving as architect of record.
Imperial Tower will feature a contemporary glass façade, expansive views of the Manhattan skyline, and a comprehensive suite of lifestyle amenities, including a rooftop infinity pool, fitness center, coworking lounges, private screening theater, library, children’s playroom, and dedicated pet facilities.
