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Kushners Quit Property Bid as Pressures Mount Over Conflicts

By Tony Seruga

They had been top contenders for 95-acre Jersey City site
Pitches to investors in China brought unwelcome spotlight

A company owned by the family of Jared Kushner, President Donald Trump’s son-in-law, has abandoned plans to buy a sprawling industrial site in New Jersey from Honeywell International Inc., a major federal contractor, and develop it into a residential community.

Kushner Cos. had been the leading bidder for the 95-acre formerly contaminated site known as Bayfront, which is co-owned by Honeywell and Jersey City, city officials said. The company had submitted plans to build as many as 8,100 housing units to be marketed to Orthodox Jewish residents of the Williamsburg section of Brooklyn who are being priced out of that neighborhood…

Kushners Quit Property Bid as Pressures Mount Over Conflicts

Categories : Real Estate

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