JERSEY CITY | Projects and Construction thread

[Nexis4Jersey]

Jersey City Update from last Wednesday

Cast Iron Lofts


Jersey City Rising - Cast Iron Lofts by Nexis4Jersey09, on Flickr


Jersey City Rising - Cast Iron Lofts by Nexis4Jersey09, on Flickr

Marbelle M2


Jersey City Rising - by Nexis4Jersey09, on Flickr


Jersey City Rising - by Nexis4Jersey09, on Flickr

Trump Extension


Jersey City Rising - by Nexis4Jersey09, on Flickr


Jersey City Rising - by Nexis4Jersey09, on Flickr

URL Harborside


Jersey City Rising - URL Harborside by Nexis4Jersey09, on Flickr


Jersey City Rising - URL Harborside by Nexis4Jersey09, on Flickr

[chris08876]

Renderings for 33 Park Avenue have been revealed (2x44 floors).

Thread: http://forum.skyscraperpage.com/show...11#post6921211

[limak116]

Jersey city is going nuts! Wish they would build more condos though.... I'm looking to buy not rent!

[C.]

As I've been saying, commercial office space follows residential development as employers want to be located in 'cool' areas that are easily accessible to their customers and workforce. The suburban office market is New Jersey is stagnate while Jersey City booms!

http://www.wsj.com/articles/jersey-c...ace-1424658795

As for leasing more space to the financial sector, Jersey City landed J.P. Morgan Chase & Co. and RBC Capital Markets last year as well with the help of $303.6 million in state tax credits over a decade. J.P. Morgan, which already had operations in the city, has promised to create 1,000 jobs and RBC already has begun to move some of about 900 positions.

In 2013, New Jersey merged its economic-incentive programs and has aggressively used tax credits to bring and retain jobs, and spur development.

Since then, the state has announced more than $430 million in tax grants, which will be awarded over time, to attract and keep companies in Jersey City. Those incentives are expected to bring more than 3,000 jobs.

...

New housing is another factor that commercial landlords are attributing to the growing variety of their tenants. They are hoping that the apartments being built on the waterfront will create more vibrant streetscapes and draw even more companies.

...

Mack-Cali Realty Corp. is both updating its office properties and investing in residential projects to insulate itself more from New Jersey’s stagnant suburban office market.

The publicly held real estate investment trust is spending $15 million to revamp its Harborside office complex in Jersey City as well as developing a trio of rental apartment towers directly behind Harborside at a cost of $320 million. The 1.9 million-square foot office complex has about 500,000 square feet vacant.

Mack-Cali plans to add a beer garden, turn the food court into something similar to Chelsea Market and transform its atrium into a “cool” spot for employees to work or socialize, said Chief Executive Mitchell Hersh.

“What we’re doing in here is we want to create an edgy environment that has a lot of appeal to younger professionals,” Mr. Hersh said.

[hammersklavier]

Originally Posted by CIA

Thanks!

Would it be appropriate for a moderator to merge the two threads?

But of course.

[Nexis4Jersey]

Developers reveal plans for 35-story tower at Jersey City Pep Boys site

By Terrence T. McDonald | The Jersey Journal
Email the author | Follow on Twitter
on March 03, 2015 at 4:33 PM, updated March 03, 2015 at 5:44 PM

New renderings show developers' plans for a 35-story residential tower on the site of the Downtown Pep Boys, part of a large-scale development called Hudson Exchange West proposed for that area.

If approved by city planning officials, the tower would house 421 units and include over 12,000 square feet of retail space on a four-acre site just north of the Harsimus Cove light rail station.

http://www.nj.com/hudson/index.ssf/2...ey_city_p.html

[Nexis4Jersey]

from yesterday

Statue of Liberty & Jersey City Skyline viewed from New York Harbor by Nexis4Jersey09, on Flickr

[Nexis4Jersey]

Jersey City officials break ground on final phase of Gloria Robinson town home complex

By Patrick Villanova | The Jersey Journal
on March 05, 2015 at 9:39 AM


A rendering of the Gloria Robinson Court Homes on Routes 1&9 and Duncan Avenue in Jersey City. Courtesy of Jersey City
Patrick Villanova | The Jersey Journal

The fourth and final phase of the Jersey City Housing Authority's mixed-income complex near Duncan Avenue and Routes 1&9 is officially underway.

The JCHA and Pennrose Properties, LLC held a groundbreaking ceremony yesterday for the final portion of the Gloria Robinson Court Homes, a vibrant mixed-income apartment community that has replaced the former A. Harry Moore public housing complex.

Federal, state and city officials participated in the event celebrating the final phase that will include 70 apartments and a 10-classroom Head Start early childhood education center, being administered by Greater Bergen Community Action. Once completed, the community will encompass 274 units of workforce housing on a 7.6-acre site.

http://www.nj.com/hudson/index.ssf/2...nal_phase.html

[Nexis4Jersey]

Jersey City council approves $36M plan to build City Hall annex

A rendering of the proposed City Hall annex on Martin Luther King Drive in Jersey City. Courtesy of Brandywine.

By Terrence T. McDonald | The Jersey Journal
Email the author | Follow on Twitter
on March 11, 2015 at 9:43 PM, updated March 12, 2015 at 1:40 PM

JERSEY CITY - The City Council tonight approved a $35 million plan to build a City Hall annex on Martin Luther King Drive, one the Fulop administration touts as the largest investment in the city's black community in decades.

The 7-2 vote came after a roughly two-hour public hearing that saw supporters express hope that the annex will rejuvenate the economy of the commercial strip near the Hub shopping center, and opponents slam the deal as a giveaway to the developer, Brandywine.

http://www.nj.com/hudson/index.ssf/2..._city_hal.html

[Nexis4Jersey]

Property for possible Journal Square luxury tower up for sale

By Terrence T. McDonald | The Jersey Journal
Email the author | Follow on Twitter
on March 10, 2015 at 7:59 AM, updated March 10, 2015 at 8:38 AM


A proposed rendering of how a 42-story tower would look in Jersey City's Hilltop neighborhood. Rendering courtesy of Cushman & Wakefield.

Commercial real-estate firm Cushman & Wakefield is seeking buyers for a Summit Avenue property that could one day be the location a 42-story tower opposed by local residents.

The New York-based firm is brokering a deal to sell the property, now owned by Ayner Netter, to developers seeking to build in the newly lucrative Journal Square area. And the firm is using the possibility of a residential tower on the location to lure buyers.

In 2012, Jersey City brokered a deal with Netter that allows him to build up to 42 stories at 500 Summit Ave., across the street and just a bit south from the PATH transportation hub.

.

http://www.nj.com/jjournal-news/inde...l#incart_river

[Nexis4Jersey]

4,200 sq. ft. Journal Square property sold for $1.2M

By Eric Strauss March 11, 2015 at 4:38 PM

A retail-and-residential property in Jersey City's Journal Square area has fetched $1.2 million, according to commercial real estate services firm CBRE.

The 4,200-square-foot, three-story building at 2866 John F. Kennedy Blvd. has a Subway restaurant in the ground-level retail space, and occupied multifamily apartments on the upper two floors, CBRE said Wednesday in a news release.

“The CBRE Investment Properties team is one of the most active in the Jersey City area, having closed three deals in the last month valuing approximately $25 million,” Charles Berger of CBRE said in a prepared statement. “Journal Square is one of the hottest markets in the Tri-State region and we just recently put three more deals into contract for record pricing, with several more on the way.”

http://www.njbiz.com/article/2015031...-sold-for-$12M

[Nexis4Jersey]

Hoboken Update from Brandon Nagle

9th and Monroe





1125 Jefferson




Along the 14th Street Viaduct






14th and Park



Willow Avenue developments






Newark Street and Willow Avenue



130 Park Avenue



Adjacent 120? Park Avenue

[Nexis4Jersey]

Journal Square Update from Brandon Nagle

3 Journal Square



Journal Squared





Former City Center Towers, still no movement on revived project, but they keep replacing that dumpster...



Site of 500 Summit Street, the potential 42 story tower with a cliffside park



This is the street level view from the bridge. Almost every unit that actually faces Downtown and Manhattan will have priceless views.

[Nexis4Jersey]

Downtown Jersey City Update from Brandon Nagle

The Jersey Avenue condos




A side project on "Maxwell Alley"



144 Newark Avenue



70-90 Columbus



The Charles&Co building, also known as Majestic II



Liberty Harbor's newest addition





The massive 33 Park




URL Harborside





Trump Plaza II



Marbella II



Soho West (Next to Cast Iron Lofts)

[Nexis4Jersey]

A New PATH Station West of Journal SQ?

http://hudsonreporter.com/view/full_...e=latest_story

[Crawford]

That's great news if it happens.

JC could really use another PATH station west of Journal Square, and that whole area is going to boom with development anyways, so it would nice to be proactive in terms of transit.

[Nexis4Jersey]

Groundbreaking for new apartment complex marks renewed interest in Jersey City neighborhood

Rendering of Baker Building courtesy of Point Capital Development

By Matthew Speiser | The Jersey Journal
on April 07, 2015 at 5:06 PM, updated April 07, 2015 at 5:18 PM

JERSEY CITY - For the first time in a long time, development is happening in Bergen-Lafayette.

Jersey City Mayor Steven Fulop hosted a groundbreaking ceremony today with local developer John Fiorito and Ward F Councilwoman Diane Coleman, Councilwoman at Large Joyce Watterman, and community advocate June Jones at 234 Suydam Ave. -- the site of what will soon be a brand new 83 unit residential apartment complex.

"This is the largest project that we have seen in Ward F in a number of years and it really speaks to what we are trying to achieve here," said Fulop. "We want to encourage development away from the water front so we are very proud to have the partners that we do and we want to make sure this is a great place to live, to work, and to raise a family."

http://www.nj.com/hudson/index.ssf/2...l#incart_river

[Nexis4Jersey]

Fulop aims to limit chain stores in Downtown Jersey City

By Terrence T. McDonald | The Jersey Journal
on April 09, 2015 at 8:34 AM

The Fulop administration is proposing rules intended to limit chain stores in the city's Downtown.

The new rules, given initial approval at Tuesday night's Planning Board meeting by a 7-1 vote, seek to preserve and protect the character of Downtown neighborhoods, Mayor Steve Fulop told The Jersey Journal. The measure now goes before the City Council.

"Mom-and-pop-type retailers protect that and foster that and encourage that," Fulop said.

Fulop noted that the owners of the former Hard Grove Cafe intend to convert that space, located across the street from the Grove Street PATH station in a heavily trafficked area of the Downtown, into a bank.

http://www.nj.com/jjournal-news/inde...l#incart_river

[drumz0rz]

Fisher Development Associates broke ground Thursday on a 44-story luxury rental building in Jersey City's Liberty Harbor North district, the company said.

The 448-unit building at 33 Park Ave. will be the first of two high-rises at the waterfront site, with plans also including the development of a 267-room Marriott hotel, Fisher said in a news release. The firm expects to complete the first tower by spring 2017.

Located at 33 Park Avenue between Luis Munoz Marin Boulevard and Seventh Street, the project has been designed by Perkins Eastman and also calls for a host of amenities and retail space. Fisher has retained the Marketing Directors of Manhattan to market and lease the residences.

Source: NJ Biz

[Nexis4Jersey]

Luxury apartment building starts to rise in Hoboken

By Joshua Burd, April 13, 2015 at 2:02 PM


A rendering of Willow14, underway at 14th Street and Willow Avenue in Hoboken. - (ADVANCE REALTY)

Vertical construction is underway for Advance Realty's new 140-unit luxury apartment building in northern Hoboken, the Bridgewater-based developer said Monday.

Sitting at the corner of 14th Street and Willow Avenue, the building will rise seven stories and include 20,000 square feet of retail space. The so-called Willow14 site also will sit atop a four-story underground parking garage, which Advance said it completed before starting vertical construction.

http://www.njbiz.com/article/2015041...ise-in-Hoboken