M id A tlantic Real Estate Journal — Owners, Developers & Managers — October 2026 — 37
www.marej.com
O wners , D evelopers & M anagers Indoor amenities include wellness and recreational spaces at the 53-story rental tower Panepinto Properties debuts amenity collection at 505 Summit in Jersey City’s Journal Square
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connectivity, anchored by the Journal Square PATH station, which provides direct service to Lower and Midtown Manhattan, Jersey City, Hoboken and New- ark. NJ TRANSIT and private bus lines provide additional con- nections throughout the region. Reflecting Panepinto Proper - ties’ long-standing, civic-mind- ed approach to development, the 505 Summit incorporates elements designed to benefit both residents and the broader community, including ground floor retail space that will soon be home to MENSHO, a “Farm to Bowl” destination. MAREJ
ERSEY CITY, NJ — Pan- epinto Properties has released a first look at the completed indoor and outdoor amenity collection at 505 Sum- mit, its new 53-story luxury rental tower in Jersey City’s Journal Square. Designed by NY–based HLW International , 505 Summit features a diverse collection of social, recreational, wellness and work-from-home spaces designed to complement the lifestyles of its residents. Indoor amenities include a lobby lounge, resident lounge, game room, karaoke lounge, coworking areas, children’s playroom, communal pantry, pet spa and multi-sport simu- lator. A state-of-the-art fitness center features Technogym equipment and a dedicated yoga studio. Outdoors, a rooftop deck is anchored by a swimming pool and sundeck, along with bar- becue and dining areas and a dedicated dog run. Additional conveniences include 24-hr con- cierge service, a package room, bike storage, a parking garage with valet parking and electric vehicle charging stations, and a porte-cochere. “We wanted the amenities at 505 Summit to feel like an extension of residents’ homes, with spaces that encourage both social connection and recreation,” said Joseph Pan- epinto Sr. , president & CEO of Panepinto Properties. “Resi- dents can work out, entertain, socialize or simply relax with- out leaving the building, while the rooftop pool and outdoor spaces provide an entirely dif- ferent experience during the warmer months.” Located next to the Journal Square PATH station, 505 Summit offers 605 apartment homes and Manhattan skyline and Statue of Liberty views. Rents for the well-appointed studio, one-, two- and three- bedroom residences start from $3,215*, including limited- time incentives of up to 2.5 months free. “Today’s renters are looking closely at both the quality of their home and the lifestyle a building provides,” said Jacqueline Urgo , president of The Marketing Direc- tors , the building’s leasing and marketing agent. “At 505 Summit, the spacious resi- dences, elevated finishes and extensive amenity offering come together in a location
Karaoke lounge
Multi-sport simulator
that provides exceptional ac- cess to Manhattan and the rest of the region.” Located in Journal Square,
505 Summit is surrounded by sustained investment that con- tinues to reinforce the district’s role as a vibrant business, arts
and retail destination. The neighborhood combines a mix of shops, services and entertain- ment with exceptional regional
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