Beacon rising? Luxury Jersey City complex opens third rental tower

jerseycityfyi Beacon Mayor Steve Fulop, third from left, and Paul Kuehner, president of Building and Land Technology, cut the ribbon to The Paramount at The Beacon in Jersey City on Wednesday, May 28, 2014. They were joined by city council members, from left to right, Joyce Watterman, Diane Coleman, Rolando Lavarro and Daniel Rivera, and by Carl Kuehner Sr. Reena Rose Sibayan/The Jersey Journal

via Terrence T. McDonald/

The Beacon, a luxury residential complex in Jersey City that only two years ago faced an uncertain future in a struggling economy, is roaring back, developer Paul Kuehner crowed today.

Five of the complex’s eight Art Deco-style buildings have been restored, while nearly 50 percent of the 231 luxury units in the newest, the Paramount, are now rented, according to Kuehner.

This didn’t seem at all likely in 2012, but Mayor Steve Fulop, on hand today for a ceremonial ribbon-cutting at the Paramount, said…

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