“Berlin Wall Memorial for Peace” in Downtown Jersey City – Panepinto Properties

April 22, 2009 - PRLog -- Downtown district and will commemorate the 20th anniversary of the fall of the Berlin Wall,,,
William La Rosa, of the Department for Culture and Tourism in Hudson County, New Jersey, announced the gift pieces of the Berlin Wall from Oberhavel County, East Germany at the direction of Oberhavel County Executive Karl-Heinz Schroter.  Hudson County and Oberhavel County have been sister’s counties since the year 2000.  The two counties have been involved in student cultural and sports exchanges as well as business exchanges.

Hudson County Executive Thomas A. DeGuise first approached Joseph A. Panepinto, a real estate developer from Panepinto Properties, requesting this location of the memorial on the property outside of Harborside Plaza Ten on the waterfront walkway.  In partnership with Mack-Cali, Panepinto Properties will be permitting the installation of the Berlin Wall Memorial for Peace.  The pieces of the wall will be positioned on the Hudson River opposite the former World Trade Center site.  The monument is aligned so that it faces Manhattan and the site of the planned Freedom Tower, where on September 11, 2001 the World Trade Center skyscrapers were destroyed.  “Then, two memorials for peace and freedom will be directly opposite each other,” explained DeGuise. Information panels will also be displayed so students and visitors will understand the significance.

“Jersey City has always been the gateway for opportunity for individuals from countries all over the world.  This location for the Berlin Wall Memorial across the Hudson River opposite the Freedom Tower is an excellent symbol for international peace,” states Joseph Panepinto.

November 9, 2009 is the 20th anniversary of the fall of the Berlin Wall and in effect the fall of communism in Germany and Eastern Europe explains William La Rosa.  The monument is expected to be completed in the Fall of 2009 along with a ceremony to mark this historic occasion.  The design concept was generously donated by Dean Marchetto along with engineering services by Malcolm Pirnie. Joseph Panepinto, Jr along with his sister Stephanie Panepinto are apart of the Berlin Wall Memorial Committee.

For more information contact:    

Panepinto Properties
3 Second Street, Suite 1203
Jersey City, NJ 07311
201-521-9000
info@panprop.com
http://www.panepintoproperties.com

Panepinto Properties is a real estate development company founded in 1977 by Joseph Panepinto.  Since then, the company has distinguished itself as a pioneer in outstanding commercial, residential and mixed-use urban developments throughout Jersey City.  Panepinto Properties’ impressive portfolio includes (completed and to be built) 3 million square feet of office space, more than 3,000 units of luxury rental housing and more than 130,000 square feet of retail space.

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In the early 1990s, Mr. Panepinto, sensing opportunity and growth, added the Jersey City Waterfront Area to his portfolio. By the late 1990s, the demand for “Class A” office and luxury residential space had increased. In partnership with Applied Development Company, Panepinto Properties developed The Gotham (1999), the first luxury residence off the Jersey City waterfront since the 1950s. In partnership with Mack-Cali, Panepinto added Harborside Plaza 10 (2002), a magnificent 600,000 square foot office tower built for Charles Schwab & Co., to its portfolio. Columbus Plaza, a 1.9 million squarefoot residential/commercial complex is underway (2005), and HarborSpire, the two tallest residential towers in New Jersey, totaling 862 units, is approved and scheduled for 2006. In addition to these striking waterfront properties, Panepinto Properties continues to develop at Journal Square. State square is a stunning residential complex completed in 2005.