PANEPINTO PROPERTIES LAUNCHES LEASING FOR 505 SUMMIT IN JERSEY CITY’S JOURNAL SQUARE
Soaring 53-Story Building Introduces 605 One-, Two- and Three-Bedroom Apartment Homes
JERSEY CITY, NJ – Panepinto Properties today announced the launch of leasing at 505 Summit, a 53-story residential tower featuring 605 apartment homes, sweeping Manhattan skyline and Statue of Liberty views, and an extensive suite of amenities in Jersey City’s Journal Square.
Conveniently located next to the Journal Square PATH station, 505 Summit offers well-appointed studio, one-, two- and three-bedroom residences with rents starting from the $2,700’s, including limited-time grand opening incentives of up to 2.5 months free, with initial occupancy scheduled for late spring.
Reflecting Panepinto Properties’ long-standing, civic-minded approach to development, the mixed-use project incorporates elements designed to benefit both residents and the broader community, including 3,200 square feet of retail space and a new landscaped public plaza.
Panepinto Properties has appointed The Marketing Directors as the exclusive marketing and leasing agent for 505 Summit, with Greystar servings as Property Manager. The leasing launch includes the opening of an on-site leasing office and the debut of five fully furnished model residences, offering prospective renters an unusually comprehensive opportunity to experience the scale, layouts, and finishes of the homes firsthand. The model residences are merchandised by Panepinto Interiors and Regina Mariano Design.
“505 Summit brings together the qualities that continue to draw residents to Journal Square, new high-rise living, curated amenities, and immediate access to PATH service alongside the neighborhood’s growing mix of shops, dining, services, and cultural destinations,” said Joseph A. Panepinto Sr., President & CEO of Panepinto Properties. “As the building has neared completion, interest has been strong among renters seeking a vibrant and convenient lifestyle in one of Jersey City’s most connected neighborhoods.”
The Residences
Designed by New York–based HLW International, the building introduces residences defined by elegance, proportion, and contemporary detail. Homes feature nine-foot ceilings, luxury plank flooring, in-home washer and dryer, and kitchens appointed with stainless steel appliances, quartz countertops, full-height ceramic tile backsplashes, and soft-close cabinetry. Bathrooms are finished with equally elevated materials and fixtures, along with porcelain tile floors and walls.
Desired Amenities, Inside and Out
505 Summit offers a robust, five-star amenity program designed to support modern lifestyles. Indoor spaces include a welcoming lobby lounge, resident lounge, game room, karaoke lounge, co-working areas, children’s playroom, communal pantry, pet spa, multi-sport simulator, and a state-of-the-art fitness center with yoga studio.
Outdoor amenities are anchored by a rooftop deck featuring an outdoor pool and sundeck, barbeque and dining areas, and a dedicated dog run. Additional conveniences include 24-hour concierge service, a package room, bike storage, a parking garage with valet parking and electric vehicle charging stations, and a porte-cochère for convenient arrivals and departures.
“505 Summit enters the market with stylish homes complemented by a carefully considered amenity collection,” said Jacqueline Urgo, President of The Marketing Directors. “The building delivers a complete residential experience for renters seeking a sophisticated Journal Square lifestyle.”
At the Heart of Journal Square
505 Summit rises within Journal Square amid sustained investment that continues to reinforce the district’s role as a vibrant business, arts, and retail destination. The neighborhood is characterized by its layered history, cultural energy, and a growing mix of shops, services, and entertainment, all supported by exceptional regional connectivity.
At the center of Journal Square’s appeal is its robust transportation network, anchored by PATH service providing direct access to lower and midtown Manhattan, Jersey City, Hoboken, and Newark. NJ TRANSIT and private bus lines further enhance connectivity, offering convenient links to major employment and recreational centers throughout the region.
The neighborhood also plays a meaningful role in Jersey City’s cultural landscape. Mana Contemporary serves as a major arts anchor, housing exhibitions, studios, and performing arts spaces that attract artists, students, and visitors alike. In parallel, the City of Jersey City is advancing the restoration of the historic Loew’s Theater at 54 Journal Square Plaza, preserving its architectural character while reintroducing it as a modern entertainment venue.
For additional information or to arrange a private tour of the furnished model homes and amenities at 505 Summit, please call 201.581.0505 or visit 505Summit.com.
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