Kushners abandon New Jersey property bid
Withdrawal comes as the family of Jared Kushner, President Donald Trump's son-in-law, faces pressure for the entanglements inherent in its business-expansion efforts
Add BT as a preferred source
Washington
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, 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 neighbourhood.
Copyright SPH Media. All rights reserved.
