A $240 million, 54-story tower could break ground by year's end in Jersey City's Journal Square in New Jersey. The tower will be the first for the $600 million, three-tower project being developed by KRE Group, which has said it will make necessary infrastructure improvements in the area, including a new public plaza. The City Council was to have voted Wednesday on a tax-incentive package for the project, but that was delayed in order to make the package presentable to the Finance Board.

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