JERSEY CITY | Projects and Construction thread - Page 4

Nexis4Jersey · #1 Posted **Dec 25, 2014, 12:49 AM**

Quote:

Originally Posted by CIA

** Beating chest ** Needs more density!

What we have here is a start.

Its very broken density...and even in the dense areas it doesn't feel dense...

Nexis4Jersey · #2 Posted **Dec 30, 2014, 9:36 PM**

from Saturday

Cast Iron Lofts Expansion

Cast Iron Lofts Construction by Nexis4Jersey09, on Flickr

70 Columbus

048 by Nexis4Jersey09, on Flickr

JC Skyline

Jersey City Skyline viewed from Interstate 78 Eastbound by Nexis4Jersey09, on Flickr

Nexis4Jersey · #3 Posted **Jan 9, 2015, 4:27 AM**

Quote:

Not rich? Hudson County building affordable public golf course in Jersey City

By Michaelangelo Conte | The Jersey Journal
Follow on Twitter
on October 06, 2014 at 7:45 AM

Aerial view of the Lincoln Park West Public Golf Course under construction at Routes 1&9 and Duncan Avenue. Photo courtesy of Norman Guerra | Hudson County Improvement Authority.
The Jersey Journal

It's no Liberty National, but the nine-hole Hudson County Golf Course in Lincoln Park, Hudson County's first public golf course, is shaping up.

The $20 million course at Routes 1&9 and Duncan Avenue is scheduled to open around the middle of next year and promises a setting with amazing views and natural wetlands, all for $20 a round.

"This is really golf. This is not pitch and putt," Hudson County Executive Tom DeGise said Friday at the 3,100, to 3,200-yard course, which has three par-three holes, three par-four holes and three par-five holes, including drives over waterways. Its working name is the Lincoln Park West Public Golf Course.

County residents will be allowed to buy a card that gives them a discount at the course and priority when it comes to tee times, officials said.

"This is the first public, affordable golf course in Hudson County and we are the only county in New Jersey that did not have a public course," DeGise said. "The only golf courses in the county now are in Bayonne and Jersey City and both cost about half a million dollars to join."

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

Nexis4Jersey · #4 Posted **Jan 9, 2015, 4:30 AM**

Quote:

Journal Square developers seek 30-year tax break from Jersey City

By Terrence T. McDonald | The Jersey Journal
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on October 09, 2014 at 2:58 PM, updated October 09, 2014 at 5:09 PM

Rendering of 3 Journal Square
The Jersey Journal

Developers planning a $73 million residential building set for Journal Square are seeking a 30-year tax break from Jersey City.

The developers, including Hartz Mountain and former Democratic Party bigwig Joseph Panepinto, have already received $19 million in state tax credits for 3 Journal Square, a proposed 13-story tower with 240 rental units slated for a space adjacent to what's commonly called the ADP building, across the street from the PATH transportation hub.

Developers are proposing to pay 10 percent of their gross annual revenue – or $518,507 – in lieu of taxes for the first year of the deal, with the amount growing over the course of three decades. They project $3.2 million in operating income in the first year 3 Journal Square is open.

Details of the proposal have been submitted to the city. A City Hall source said it will go in front of the City Council in two weeks.

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

Nexis4Jersey · #5 Posted **Jan 9, 2015, 4:34 AM**

Quote:

Historic Downtown Jersey City among nation's most expensive neighborhoods for renters: report

By Patrick Villanova | The Jersey Journal
on November 21, 2014 at 9:53 AM

Historic Downtown Jersey City has been named one of the most expensive neighborhoods in the country for renters by Apartments.com (Google Maps image)

Historic Downtown Jersey City is among the nation's most expensive neighborhoods for renters, according to a recent online study.

Apartments.com ranked the popular neighborhood near the Jersey City waterfront No. 8 on its list of the 14 most expensive neighborhoods for renters in 2014.

The website put the rankings together using a variety of financial factors, including average cost of rent, household income, percentage of paycheck spent on rent each month and inflation. Neighborhoods where a high percentage of monthly household income was spent on rent were given the most weight.

With its brownstones, idyllic parks and close its proximity to Manhattan, renting a one-bedroom apartment in Historic Downtown Jersey City comes at a steep price -- $3,068 per month, according to Apartments.com.

Comprised of low-rise buildings, brownstones and parks, this neighborhood features many cultural attractions including the Jersey City Museum, the Hudson and Manhattan Railroad Powerhouse.

http://www.nj.com/hudson/index.ssf/2...elated_stories

Nexis4Jersey · #6 Posted **Jan 9, 2015, 4:38 AM**

Quote:

Hudson County approves $50.5 million bonding for new court house, moving DPW garage and land swap

By Agustin C. Torres | The Jersey Journal
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on December 12, 2014 at 1:30 PM, updated December 12, 2014 at 1:32 PM

The Hudson County Board of Freeholders approved $50.5 million in bonding yesterday for a new criminal courthouse, moving the DPW garage and purchasing property as part of a land swap that allows part of a county North Hudson park to be used as a preschool.

During the public comments on the second reading of the funding ordinance, Superior Court Assignment Judge Peter F. Bariso, Jr. called the new building overdue. Bariso cited from studies issued in 1988 and 1991 that called the building dysfunctional, calling for its replacement.

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

chris08876 · #7 Posted **Jan 16, 2015, 2:20 AM**

Revealed: 360 9th Street, Jersey City

Quote:

The new developments comprising Jersey City’s current boom don’t just come in high-rise formats, and Fogarty Finger has already designed The Art House, a 120-unit building in the Powerhouse Arts District. Now, YIMBY can reveal another of the firm’s projects across the Hudson River, this time at 360 9th Street.

The building is located in the Hamilton Park Historic District and will replace a one-story and 80,000 square foot factory, which sold to 360 9 Street LLC for $5.3 million back in 2012.

Fogarty Finger’s plans for the 130,000-square foot structure are decidedly contextual, and per the firm’s website, the facade will echo the Historic District’s “rhythmic brick rowhouses.”

[...]

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http://www.yimbynews.com/2015/01/rev...ty-finger.html

sparkling · #8 Posted **Jan 16, 2015, 6:51 PM**

Extell, Kushner Companies Close $132M in Financing on New Jersey Purchase

GUELDA VOIEN
1/16/2015

Quote:

A partnership of Extell Development and Kushner Companies closed a new take-out loan of $97 million while assuming $32 million in debt on a New Jersey multifamily building the pair purchased last November.

The duo bought Pier Village, a 492-unit mixed-use development at One Chelsea Avenue in Long Branch, for $180 million, with $51 million in bridge financing from Capital One. Now, they’ve finalized a $97 million long-term fixed-rate take-out with Fannie Mae, which retired the Capital One bridge loan, and assumed a $32 million Freddie Mac loan on the property originated by PNC Bank, according to representatives for both companies. The Freddie Mac loan was originated in mid-2013 and carries a seven-year term.

“We are thrilled to have completed the agency financings for our purchase of this incredible asset with Extell Development,” said Laurent Morali, a managing director with Kushner Companies, in a statement provided exclusively to MOW. “Working with Capital One, Fannie Mae, PNC and Freddie Mac is a testament to the quality of the asset itself. We … look forward to seeing Pier Village continue to thrive as a gem along the Long Branch coast.”

The Pier Village community holds more than 100,000 square feet of retail—including restaurants, shops, and a fitness center—as well as apartments, along the Atlantic Ocean.

C. · #9 Posted **Jan 23, 2015, 4:43 PM**

edit

Nexis4Jersey · #10 Posted **Jan 23, 2015, 5:11 PM**

With Newark's Downtown and Ironbound redevelopments picking up...it will be a tight race... Jersey City is starting to become really expensive like Hoboken , while Newark and its surrounding towns are still cheap and will remain cheap for at least another decade. Jersey City is already losing its working & creative class populations which are moving to Newark...

chris08876 · #11 Posted **Jan 23, 2015, 5:46 PM**

Jersey City is expensive near the waterfront. Parts of Journal Square are still viable. The next 5 years might change that (Journal Square), but its still cheap in the sense. Now is the time to rent. I talk to people who wanted and/or are planning to move to JC, but they all think waterfront. There's a stigma against Journal Square and the surrounding areas. They think ghetto, but I tell them thats not the case.

The area around Hamilton Park is viable, likewise some homes around Van Vorst Park. Location is key, but the city is far from expensive. Now if you want a ripoff, and enjoy living in a 400-500 sq ft shoebox, than Hoboken is right there. More housing in JC, without getting raped in rent. Plus, drinks aren't $14 for a Whisky sour thats weak as hell.

Friend of mine makes 55k a year, lives in Hoboken (not even in a exclusive area either), and spends 50% on housing. Its nuts. I told him Journal Square, but he enjoys paying $1,800 a month on a 450 sq foot shack. Then he wonders why he's poor after taxes, and other living expenses/maintenance fees.

Nexis4Jersey · #12 Posted **Feb 13, 2015, 9:15 PM**

Quote:

4,100 get employment assistance in Jersey City

By The Jersey Journal
on February 13, 2015 at 7:55 AM

More than 4,100 people received access to employment assistance and job training in 2014 through Jersey City's One Stop Career Center, the city announced.

In its first year, the Jersey City prisoner re-entry program enrolled 178 residents, placing 115 in jobs and offering them a second chance at a productive life.

"Jersey City has been an example for job growth and job creation in the region, but none of that matters if we don't offer access to those jobs for all of our residents," said Mayor Steve Fulop. "We have aggressively expanded our partnerships with corporate stakeholders, developed vocational programs and are creating a model prisoner re-entry program that is offering hundreds of residents a second chance at life."

On Tuesday, the administration announced U.S. Bureau of Labor statistics that show Jersey City continues to outpace both the nation and the state and other major cities in the NY/NJ region in reducing the unemployment rate.

The Fulop administration said in a press release that more than 9,000 jobs have been added and Jersey City's unemployment rate has dropped from 10.6 percent to 6.5 percent.

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

Nexis4Jersey · #13 Posted **Feb 13, 2015, 9:13 PM**

Quote:

NJCU business school plans to turn 'Wall Street West' into learning environment

By Matthew Speiser | The Jersey Journal
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on February 10, 2015 at 5:46 PM, updated February 10, 2015 at 7:30 PM

Rendering of plans for the new New Jersey City University School of Business on the Jersey City waterfront. (Image courtesy NJCU)
The Jersey Journal

JERSEY CITY -- Downtown Jersey City, also known as "Wall Street West," will now serve as more then just a financial hub for New Jersey.

It will be a classroom.

New Jersey City University has announced plans to open a new school of business at 2 Harborside Plaza next to the Exchange Place PATH station in time for the fall 2015 semester.

"The NJCU School of Business will be part of the business community in an exciting, world-class environment where students will study with top scholars and practitioners and learn to become future business leaders." NJCU President Sue Henderson said in a statement. "The benefits of this new development are beyond measure for our students, faculty, and corporate partners."

The school signed a 20-year lease with Mack-Cali Reality in December on a 70,000-square-foot facility formerly occupied by JP Morgan. According to NJCU Vice President for Advancement Daniel Elwell, the building is currently being gutted and renovated to include new plumbing, electrical, and IT setups.

Once complete, Elwell said the facility will be state-of-the-art and feature 10 academic instructional rooms outfitted with smart boards and the most up to date computer systems. There will also be a 300-seat auditorium, a trading floor used to simulate real-life Wall Street environment, and Bloomberg terminals used to monitor and analyze real-time financial data.

Elwell also said the move to Downtown Jersey City has given the university new partnerships with JP Morgan, Provident Bank, and Wyndham Hotels, with more prospective partners continuing to reach out. These partnerships will allow NJCU to offer new internship, scholarship, and mentoring programs with the Downtown financial institutions for its students.

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

Nexis4Jersey · #14 Posted **Feb 18, 2015, 1:53 AM**

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

chris08876 · #15 Posted **Feb 19, 2015, 4:36 PM**

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

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

limak116 · #16 Posted **Feb 19, 2015, 8:00 PM**

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

Nexis4Jersey · #17 Posted **Mar 4, 2015, 4:50 AM**

Quote:

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 · #18 Posted **Mar 4, 2015, 4:51 AM**

from yesterday

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

Nexis4Jersey · #19 Posted **Mar 8, 2015, 6:17 PM**

Quote:

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 · #20 Posted **Mar 13, 2015, 10:32 AM**

Quote:

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