Quote:
Originally Posted by CIA
It's not the developers holding back. They want to build tall as they can charge more per sqft on higher floors. Ellipse was a resounding success. It leased quickly even thought it had the highest rents in Jersey City, on par with several neighborhoods in Manhattan across the river.
I believe I've heard it's a NIMBY issue, and not from an area you'd expect. Something about view corridors from the Palisades.
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That's ridiculous... but the "don't you dare block my view" Nimbyism is just as bad as the "don't go tall and dense and ruin the character of our neighborhood" kind. Really, the LeFraks should either not care and build whatever will sell well anyway... or if they are going more midrise than tall not to cause any waves, they should at least go with striking, at least compelling designs. The ones slated for this last undeveloped part of the Newport waterfront in the renderings are stunningly mediocre, headscratching in their lack of imagination and style. That's the best I can say for them... wow, it's bad.