Kushner Sets Opening Timeline for Jersey City’s Newest Flagship Journal Square
New York, NY
Grand Central Rising is an EB-5 infrastructure project featuring an iconic $7 billion trophy office and hotel that will change the New York City skyline. With the highest usable real estate in the Western Hemisphere, the mixed-use tower will replace the former Grand Hyatt/Commodore Hotel and will feature modern, sustainable design and skyline views. The development sits atop one of the most powerful transit ecosystems in the U.S., offering direct access to Metro-North, Long Island Rail Road, and 5 major subway lines—making it the most connected new development in New York City.
Located in the heart of Midtown Manhattan and adjacent to landmarks like Grand Central Terminal, Times Square, and the New York Public Library, this globally recognized site is a gateway of commerce, culture, and connectivity. Over 750,000 visitors pass through Grand Central daily, making this one of the most visible and accessible real estate investments in the country. This transformative EB-5 infrastructure project leverages RRIF government financing and is spearheaded by leading developer RXR in collaboration with the MTA and the Economic Development Corporation. The public-private partnership will redefine Midtown Manhattan with state-of-the-art transit improvements in connection with the MTA, next-generation office space, and an ultra-luxury hotel.
437 Investors Available for Investment
Construction to begin December 2025
I-956F Filed
See the latest news
Kushner Sets Opening Timeline for Jersey City’s Newest Flagship Journal Square
U.S. Immigration Fund’s Project Summit NJ Secures I-956F Approval
Jersey City Set to Add Nearly as Many Apartments as Manhattan in 2024
Kushner’s CEO Laurent Morali Talks Going Big in New Jersey
Kushner Scores $295M Construction Loan for 1 Journal Square
Here Comes the Boom: Jersey City’s Journal Square Reaching New Heights
Sign up for a free EB-5 Seminar or one-on-one consultation with an EB-5 Expert and immigration attorney near you.