JERSEY CITY, NJ-KOR Cos., a Wall, NJ-based developer, announced recently that it
would build Montgomery Greene, a luxury condominium complex here (see earlier story).
Now,. KOR has a joint venture partner in the project: The company has just signed a joint
venture agreement with the New York City-based Time Equities to complete the project in
tandem. No specifics of the agreement were released.

“Our two companies share a great deal in common,” says Harry Kantor. president and
CEO of KOR. “I look forward to working with my colleagues at Time Equities.”

“Development on the Jersey City waterfront is very exciting, and we see the area as a
growth market,” adds Time Equities’ chairman Francis Greenburger.

The Montgomery Greene project entails a total of 113 luxury residential condo units,
along with some 4000 sf of ground-floor retail space and a parking garage.
Groundbreaking is expected for the first quarter of next year, and the sales effort is
expected to start next spring.