JERSEY CITY | Powerhouse Tower | 400 FT | 40 FL
Mayor Fulop is the best mayor in New Jersey A+
$179M retail, commercial complex coming to Downtown Jersey City's Powerhouse http://www.nj.com/jjournal-news/inde...elated_stories Quote:
Jersey City breaks its development record with boom in Downtown, Journal Square: report http://www.nj.com/hudson/index.ssf/2...elated_stories Quote:
Jersey City's Housing Boom Expands http://online.wsj.com/articles/jerse...nds-1411354679 Quote:
|
Town on a tear to become the best in America
http://www.rew-online.com/2014/09/03...st-in-america/ Jersey City, an area that has spent the 2000s embracing the nuances of gentrification along its waterfront, is now anticipating the completion of several dynamic-changing buildings within an interior that, according to the city’s division of planning, is “in need of rehabilitation.” To follow in the footsteps of Hoboken, its neighbor to the north, Jersey City has lined up multiple projects to add luster to the location as a whole and up the value of properties within the state’s second-largest municipality. It’s an initiative that has Mayor Steven Fulop at the forefront. “We’re correcting decades of perception issues,” Fulop told Real Estate Weekly. “Of corruption, of mayors going to jail, of legal issues, of asymmetrical development. Perception generally lags reality. Mayor Fulop Mayor Fulop “We started with a tax-abatement plan to really encourage development away from the waterfront,” said Fulop, adding that the measure was “very, very aggressive,” but necessary due to the negative preconceptions of the area. The abatement is a 30-year tax break for developers that opt to invest in the city’s inner wards. While some investors may be wary, initial coaxing has begun to produce positive results. In June on this year, Kushner Real Estate Group opened 18 Park, a 422-unit luxury rental building that has already seen more than 250 apartments claimed. Aside from upscale living options, 18 Park also gives the area 10,500 s/f of retail space as well as placing 34,000 s/f of classrooms and recreational spaces at the Boys & Girls of Hudson County’s disposal. “We continue to see an increase in demand from residents for new living options both on the waterfront and in in-town neighborhoods. This is fueled in part by the continued increase in living costs in Manhattan and Brooklyn which is pushing people to consider other outer borough locations, and Jersey City has become an extension of that,ˮ said Jonathan Kushner, president of KRE Group. According to Kushner, more and more people are accepting Jersey City today as a viable, dynamic destination in its own right. He said, “The area always offered one of the most convenient and comprehensive public transportation systems with multiple PATH stations and ferry terminals offering quick service into Manhattan, as well as spectacular views of Manhattan, which has long attracted Manhattan professionals to the city’s waterfront high-rises. “In recent years, that appeal has expanded inward into in-town neighborhoods with new, forward-thinking, highly-amenitized residential buildings and a new breed of supportive lifestyle attractions and services, like a branch of the popular Williamsburg arcade-bar, Barcade, farm-to-table restaurants, boutique storefronts, and an ever-growing arts scene.ˮ |
Quote:
|
Funny! Jersey City has a proposal on the table for historic preservation and adaptive reuse of the Powerhouse. Would the NIMBY prefer it remain vacant and continue to fall into disarray?
Similar fools trying to detail Loews theater in Journal Square. City has a contract for someone to rehabilitate and restore the theater to former glory but NIMBYs are filing lawsuits for reasons I can't understand and the place continues to decay. |
That's a pretty healthy amount of new units u/c :cheers:
Quote:
|
No movement for this project.
As of July 2019, still an empty parcel (grass with fence). Google Streetview: https://www.google.com/maps/@40.7203...7i16384!8i8192 |
I did an EPA query on this site, parcel wise, and a sales record check on this parcel, and nothing as of 2020 or anything remotely indicating movement of some sort, soft or hard cost wise.
I'll move this to never built. It'll be moved back if we get some movement on this. |
Added it to the dead list at https://skyscraperpage.com/forum/sho...196661&page=49
|
Still dead
https://www.nj.com/hudson/2022/05/je...owerhouse.html https://www.nj.com/galleries/MZMS3ZV...JL4KBJ6PHQCAY/ (pictures!) Quote:
|
I hate paywalls, as most of the article was unreadable without a subscription. Time is running out to renovate the Powerhouse building into something usable, what does the Mayor seem most interested in doing here? Even more, remember the whole center of the Powerhouse district, the Lorillard building that was torn down years ago for a perspective jenga tower that's been ditched? The One was built next to it, but it was this property that was supposed to be the jewel where the next big development was to be centered. For over a decade now.... NOTHING. just a partially grassed over closed off lot. The Powerhouse District concept is one of the most egregious failures of vision, but could be recaptured if these two properties could be re-invisioned.
|
All times are GMT. The time now is 3:19 AM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.