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Old Posted Nov 30, 2016, 4:25 PM
C. C. is offline
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Join Date: Jan 2014
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I want to share a prediction based on following Jersey City's real estate market for the past number of years: the tallest towers in the city will be a twin tower development in Journal Square, located at the Lowe's Theater art district site. Still a decade away but I can see it happening one day as the site has no height limits and efficiently unlimited density thanks to a cleverly written zoning ordinance. A close second may be the Goldman Sachs site at 55 Hudson. Almost nothing is known about it except for a blurp here and there, most recently with YIMBY's interview with Mayor Steven Fulop.

Quote:
I know there was discussion regarding a new casino project; it’s going to be 100 stories tall?

Ninety-five. We need a legislative change next year for gaming in northern New Jersey, but we’re already building 70-story towers, so getting to 95 floors is not a big deal.

Would you like to push Jersey City’s skyline above Manhattan’s one day?

I don’t think that we’re even in that conversation yet. New York City’s skyline is the best in the world, and I think that we have an impressive skyline by comparable city sizes — we just happen to be next to the best in the world. It’s tough to compete.

Well it’s a collective skyline — it doesn’t end on one side of the harbor.

When you come into the turnpike, New York City and the Jersey City skylines merge together — you can’t tell the difference. And on the harbor, seeing substantial development on all sides — it’s a good thing.

Journal Square and Urban Ready Living are the two largest projects underway now, correct? Are there any similar developments in the pipeline?

The Trump building is going to be a similar size; Goldman Sachs came in regarding a new tower next to their existing building on the waterfront, and we’re just starting to talk about that.
There is no firm proposal for the Goldman Sachs' site at the moment, but the city estimates it could be 95 storys, per the most recent development map for downtown (August 2016). We'll see if that ever comes to fruition since 99 Hudson was also announced to be 95-storys, and 950 feet, but was reduced in the final design as they had a rather large site to work with and development rights only allowed a building of 1.2 million sqft.
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