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DMR TO REDEVELOP PARAMOUNT BUILDING

JERSEY CITY, N.J. — Hasbrouck Height, N.J.-based DMR Architects has been selected to serve as project architect for the redevelopment of Jersey City’s historic Paramount Building, formerly known as Jersey City Medical Center. The building will be redesigned as part of Phase II of Metrovest Equities’ $350 million Beacon mixed-use project. The redeveloped building will include 208 residential units, a gym spanning the entire basement level and the preservation of the building’s existing art deco theater. Upon completion in 2010, Beacon will contain 1,200 residential units, parks, shops, screening rooms and a museum devoted to Jersey City Medical Center. Construction at Paramount is expected to begin in 2009.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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