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  #81  
Old Posted May 15, 2006, 10:25 PM
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THE HUDSON



Overview
The Hudson (formerly called 126-142 Morgan Street) is a massive full-block artist-centric building that is being developed in the P.A.D on the lots bordered by Warren, Bay, Morgan, and Provost Streets.

Like many of its neighbors, The Hudson will be a mixed-used building that will rise as high as 17-stories - consistent with the roof lines already established by the 140 and 150 Bay. From the artist renderings it appears that the buildings are three separate structures of varying heights with interlocking entrances and presumably common walkways. The entire building is envisioned to include:

-263 residential units.
-9.5% of the residential units will be set aside for artist work/live areas.
-A 400-seat arts theatre and gallery, encompassing over 13,000 square feet (corner of Morgan and Warren)
-A school for arts instruction
-Over 6,000 square foot designed to house a restaurant or café (corner of Warren and Bay)
-217 parking spaces (though this number may have fallen with the latest plan amendment)
-Common rooftop courtyard.

At the time the plan was approved, the residential units were broken as follows:

IBR – 150 ranging from 700 – 900 sq/ft)
2BR/3BR – 78 (ranging from 925 – 1,300 sq/ft)
Duplexes – 11
1 – 1020 sq/ft
2 – 1150 sq/ft
7 – 1400 sq/ft
1 – 1410 sq/ft

24 artist live/work units. According to the plans the entire 3rd floor ringing Provost, Bay and Morgan Streets, including an interior courtyard, will be dedicated to the artist/work units.

The artist/work units will be broken down as follows:

2 – 1,000 sq/ft
10 – 1,100 sq/ft
3 – 1,200 sq/ft
2 – 1,250 sq/ft
1 – 1,300 sq/ft
3 – 1,400 sq/ft
2 – 1,600 sq/ft
1 – 1,640 sq/ft

The JC Planning Board approved the initial building plans back in May 2004 with a more recent amendment passing in September of 2005. In April 2006, another one-year extension was granted the developer due to delays in getting the NJDEP to perform additional testing.
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  #82  
Old Posted May 15, 2006, 10:26 PM
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** Deleted for copyright infringement **

- Dylan Leblanc
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  #83  
Old Posted May 16, 2006, 12:49 AM
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It's nice to see more projects going on in the Bergen/Lafayette section of Jersey City. This is the first I've heard about this project called Library Hall.










Library Hall
704 Grand Street
Jersey City, New Jersey

Overview
With all the developer’s attention seemingly focused on Downtown, its easy to overlook another part of town beginning it’s own renaissance – Bergen Hill. With the Webb Park revitalization complete and The Beacon and the Whitlock Cordage Mills restoration and construction well underway, this neighborhood is coming alive with activity. Now another new and interesting redevelopment project is materializing – Library Hall.

You wouldn’t know by looking at the white/red painted brick building sitting at 704-712 Grand St., but there is a lot of history gathering dust on this lot. With approval from the Planning Board last August, the developer has started to kick the dust clear. This project wil feature a unique blend of new and old architecture that should give folks looking to live in a historical building without forgoing the conveniences of modern design something to savor.

Library Hall, a five-story building with roots dating back to 1866, has housed town hall meetings, a library, a police precinct, a sawmill, and most recently rugs. It’s next reincarnation is already planned - a condominium building. The new condo complex will feature twelve “loft-style” units each with it’s own basement storage area and eleven parking spaces. Other amenities include hardwood and tile floors, high-end appliances, and laundry facilities in each unit.

The units will be priced at market rates (estimated to be the high $300k to low $600k) and will include a five-year, 30% tax abatement. The developer will be accepting non-binding $2,500 commitments in April with the anticipated completion in December 2006. If you are commuting downtown or into NYC, the Garfield Avenue Light Rail station is a six-minute walk and buses to Newport and Journal Square are available.

1st floor . (click on link for pdf layout)http://jerseycityvibe.com/images/sto...s/1stfloor.pdf

The ground floor will consist of two commercial units (749 and 664 sq ft) suitable for a small office or business (for example a real estate agency) and eleven parking spaces. A new glass enclosed entrance tower will be built on the southern side of the building and will contain a lobby area and a steel staircase. Additionally, an elevator will run through the center of the building.

2nd floor. (click on link for pdf layout)http://jerseycityvibe.com/images/sto...s/2ndfloor.pdf Units will have twelve-foot ceilings.

unit 1. 2BR, 2BA (1,035 sq ft)
unit 2. 2BR, 2BA (1,106 sq ft)
unit 3. 2BR, 2BA (1,087 sq ft)
unit 4. 1BR, 1BA, plus den (815 sq ft)

3rd floor / 4th floor duplexes http://jerseycityvibe.com/images/sto...s/3rdfloor.pdf(click on link for pdf layout)http://jerseycityvibe.com/images/sto...s/4thfloor.pdf.

These two-story units will have a mezzanine level and stunning 16-foot exposed brick arched windows that will provide NYC Midtown views.

unit 5. 2BR, 2BA (1,740 sq ft)
unit 6. 2BR, 2BA (1,806 sq ft)
unit 7. 2BR, 2BA (1,876 sq ft)
unit 8. 1BR, 1BA, plus den (1,325 sq ft)

5th floor penthouse (click on link for pdf layout).http://jerseycityvibe.com/images/sto...s/5thfloor.pdf The floor of this new addition will be set just underneath the rafters of the existing roof with ceilings that will rise ten feet.

unit 9. 2BR, 2BA (1,035 sq ft)
unit 10. 2BR, 2BA (1,106 sq ft)
unit 11. 2BR, 2BA (1,087 sq ft)
unit 12. 1BR, 1BA, plus den (815 sq ft)
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  #84  
Old Posted May 29, 2006, 6:41 PM
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New Pictures taken Saturday May 20th, 2006

Grove Pointe





Montgomery Greene









Liberty Terrace





K. Hovnanian at Paulus Hook

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  #85  
Old Posted May 30, 2006, 1:03 AM
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Someday I might get ambitious and count all the residential units U/C and planned in this thread.
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  #86  
Old Posted Jun 1, 2006, 4:36 AM
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Some news

http://www.nytimes.com/2006/06/01/ny.../01lefrak.html

June 1, 2006
LeFraks Envision Even Bigger Skyline Across Hudson
By CHARLES V. BAGLI

Standing atop a condominium tower under construction at the Newport complex in Jersey City, Richard LeFrak looked south at a forest of green-glass commercial towers and brick residential buildings that seem to leap from the waterfront. His family and their partner built them, 20 in all.

Although the LeFraks cannot lay claim to the tallest tower (the 800-foot Goldman Sachs building at Paulus Hook), they do own more than a third of the high-rise skyline that has grown up along Jersey City's once dilapidated waterfront. And today, exactly 20 years after his father, Sam, embarked on a seemingly quixotic bid to transform these rusty old railroad yards into Newport, Mr. LeFrak is announcing plans for another hotel and four more apartment towers.

The announcement comes on the 20th anniversary of the start of Newport and calls attention to the part that the LeFraks have played in the current Jersey City housing boom. The new plans represent a $750 million investment, on top of the nearly $2.5 billion that the LeFraks say they have already plowed into Newport.

Mr. LeFrak, 60, said the family is making good on a promise by his father and Melvin Simon, the shopping center developer, to build a community where dilapidated piers, warehouses and railroad tracks stood.

"We're celebrating that we got this far," said Mr. LeFrak, who was involved with Newport from the beginning and has now been joined by his sons, Jamie and Harry. "We're celebrating that the vision of my father and Mel Simon is pretty well complete."

The scale of the undertaking is hard to imagine. At 600 acres, Newport is twice as big as Co-op City in the Bronx. There are 11 residential buildings containing 4,135 apartments, eight office buildings with 5.5 million square feet of office space, a 187-room hotel, a marina, a 1.2-million-square-foot mall and many other buildings and stores. Across the river from Chelsea, the complex stretches the equivalent of about 14 Manhattan blocks. Samuel J. LeFrak, who died in 2003 at 85 and built more housing in New York City during his life than any other private developer, saw the possibilities in Jersey City when most builders turned up their noses.

"Sam was bigger than life," said Bob Cotter, director of planning in Jersey City. "His dream was to build this city on the left bank of the Hudson River. He came over and did it. The waterfront has given Jersey City a panache that it never had."

But some urban planners, neighborhood advocates and residents have complained that Newport has a suburban sensibility. Many of the buildings stand alone, with little connection to one another, or to the older, grittier sections of Jersey City to the west, they say. There is a public esplanade along the Hudson River, with sweeping views of Manhattan, but it is bordered by Newport buildings, giving it the impression of a private enclave.

"I love living in a place that takes your breath away," said Monica Coe, an architect who has lived at Newport for 10 years. "At night you see the sparkling lights of Manhattan, rather than the brick walls you'd get in Manhattan. But it's a little like living in a feudal holding."

Dan Falcon, a 15-year resident, said: "Newport has been malled off from the city. We wanted the city to have access to the waterfront."

Mr. LeFrak does not dismiss the criticisms. "It's a valid point," he said. "We're trying to address that now that we have some density."

The company is filling in some of the empty space between buildings and adding street-front stores, to create street life, and small parks, if not the larger park-on-a-pier that some residents wanted. On a recent morning, office workers and women pushing baby strollers could be seen on the streets.

The LeFraks are known for a kind of efficient, if unimaginative, boxy building that provides the maximum space for the rent. But the buildings in the next round are more interesting, with one, the Ellipse, a sleek, elliptical residential tower designed by the well-known Arquitectonica of Miami.

In the late 1970's, the Jersey City waterfront was a web of train terminals owned by bankrupt railroads. Newport began not with Samuel LeFrak but with Mr. Simon and another mall developer who wanted to build a shopping center anchored with a Stern's department store.

Mr. Simon's bankers urged him to find a partner to build housing. He put in a cold call to Sam LeFrak, persuading him to travel from his office in Queens. The developer then called his son.

"He said, 'Richard, you'd better take a look at this,' " Mr. LeFrak recalled. "I've been dreaming about something like this my whole life."

Sam LeFrak, in characteristic fashion, vowed to undertake "probably the largest job that has ever been built since the pyramids" and create the "experimental prototype city of tomorrow."

Mr. Simon built the mall and the first office building, while the LeFraks built several apartment towers. "He built all the other buildings with cash," Mr. Simon said. "We couldn't afford to borrow the money."

Progress was slow and a devastating recession in the early 1990's sent the nascent "Jersey gold coast" into a tailspin, and the LeFraks say they had huge losses in the first 15 years.

But since 2000, they have built seven office buildings, attracting financial tenants from Manhattan like J. P. Morgan Chase, Knight Securities and Insurance Services Office with cheaper rents and tax breaks, surprising brokers who doubted that the New Jersey waterfront would ever attract office tenants.

The LeFraks have the option of building more commercial space, but the vacancy rate is 14.1 percent, according to the brokers Cushman & Wakefield. And new housing is what's hot. K. Hovnanian and Equity Residential recently bought a commercial site on the waterfront, where they plan to build a 900-unit apartment complex.

Even Donald J. Trump has found Jersey City, lending his name to a $415 million project to build two residential towers, one 50 stories and the other 55 stories.

Mr. Cotter said there are 7,000 apartments planned or under construction within a mile of City Hall, two or three times the number five years ago, fueled by the soaring sales prices and rents across the Hudson River.

"It's not Manhattan," Mr. LeFrak said on a recent walking tour of Newport. "But it's not bad. And it just might," he paused, raising a finger, "might, be better than Brooklyn."
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  #87  
Old Posted Jun 9, 2006, 6:31 PM
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Westin Hotel Breaks Ground in the World's Largest Mixed-Use Development - Newport in Jersey City, NJ



Thursday June 1, 4:09 pm ET

Westin Jersey City to Have Stunning Views of Manhattan's Skyline and Harbor

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--June 1, 2006--Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT - News), the LeFrak Organization and Melvin Simon & Associates announce the groundbreaking of The Westin Jersey City, a new waterfront hotel in the Newport mixed-use development in Jersey City, NJ. The 26-story hotel will soar 253-feet in the air and will include 429 guest rooms, with a conference center, 10,000 square-foot ballroom, banquet facilities, pool and fitness center as well as 5,000-square-foot specialty restaurant. The hotel is expected to open in the summer of 2008 and will be managed by Westin.

Located on the Hudson River waterfront, Newport is situated opposite lower Manhattan and offers breathtaking and panoramic views of New York's skyline and harbor. Since construction began 20 years ago, $2.5 billion has been invested and more than 16 million square feet have been constructed. Connected to the rest of New Jersey and New York by PATH subway, light rail, buses and N.J. Transit, Newport has world-class restaurants, businesses and luxury apartments currently housing over 8,000 residents, and is home to prestigious office tenants such as UBS, JP Morgan Chase, US Trust, Morgan Stanley, Charles Schwab and CIGNA.

"We are delighted that the LeFrak and Simon families have selected the Westin brand to serve as the flagship luxury hotel in this vibrant, prime location," said Sue Brush, senior vice president, Westin Hotels & Resorts. "Westin continues to aggressively grow its footprint around the world, and anchoring urban mixed-use developments like Newport is part of our expansion strategy. We look forward to offering guests Westin's signature amenities and services, providing a retreat from the rigors of the road so that they feel better when they leave us than when they arrived."

"Today, we're acknowledging what we've already accomplished here on the Jersey City waterfront as well as to push on with our master plan to complete this extraordinary mixed-use development," said Richard LeFrak, chairman and president of The LeFrak Organization. "The construction of the Westin Hotel is a key component of the second phase of construction at Newport."

Each of the elegantly appointed guestrooms, all with magnificent views, will feature Westin's signature Heavenly Bed® and Heavenly Bath®. Guests at The Westin Jersey City will enjoy additional guest services such as WestinWORKOUT® Powered by Reebok fitness facility and WestinWORKOUT guest rooms.
Westin's new brand positioning is centered on renewal and offering guests the services, products and amenities that will help them rejuvenate, relax and restore their mind, body and spirit. In keeping with this brand message, all Westin hotels in the U.S., Canada and the Caribbean are smoke-free.


The Aqua



Aqua will be 330ft tall and construction will start in 08 and the building will be all glass

The 32-story Aqua will have 363 residential units, 15,348 square feet of retail, and 291 parking spaces. There will be 20 studio apartments, 169 one-bedrooms, 161 two-bedrooms, and 13 three-bedrooms. The entire space will be 490,063 square feet.

The project will be built by Newport Associates Development Company as part of Newport's commitment to building on the Northeast Quadrant near the Jersey City-Hoboken border.


New Pictures

Shore Club









Trump Towers





Washington Commons



Grove Pointe & Columbus Circle









"A"


Last edited by macmini; Jun 9, 2006 at 7:32 PM.
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  #88  
Old Posted Jun 10, 2006, 2:12 AM
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Wow that last set of photos is really great. Gives you a good idea how much construction activity there is.
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  #89  
Old Posted Jun 10, 2006, 2:28 AM
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Grove Pointe looks impressive. Nice to see some more midrise 15-30 story towers go up, even though too bad that we aren't seeing any major office construction like we have in the early '00s boom.
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  #90  
Old Posted Jun 10, 2006, 3:46 AM
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It's nice to see that the construction at Trump Towers are moving in to full swing.
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  #91  
Old Posted Jun 15, 2006, 5:49 PM
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Sweet development

Planning Board to review two projects for chocolate factory site near border



AFTER – There are plans to build residential
housing on the property, as seen in this rendering.

Ricardo Kaulessar
Reporter staff writer 06/10/2006

The Jersey City Planning Board will be hearing an application this Tuesday for two residential developments to be built on the Jersey City-Hoboken border.

The projects, known as "Van Leer Place North" and "Van Leer Place South," will be located on Hoboken Avenue in Jersey City. Together, they will total 443 residential units and 446 parking spaces.

They will also have 8,690 sq. ft. of retail space, a 1-acre park, a walkway leading up Hoboken Avenue to the Heights, and a shorter walkway down to the NJ Transit Second Street Light Rail Station in Hoboken.

The projects will be built by Hoboken developers George Vallone and Danny Gans in the next five to six years, on two sections of the old Van Leer Chocolate factory property, a total of seven acres.

Recently, Gans said construction would start in spring 2007 if they receive approvals at the Planning Board meeting this Tuesday.

Vallone said the cleanup would take six to nine months, since the property contains a high concentration of white-cake arsenic dumped there before the Van Leer factory existed.

Developing in 'no man's land'


A visit to the old Van Leer Chocolate factory site last week found it a crumbling ruin, with some of the old factory walls still standing. The company, which closed its operations in 2001 after being sold to a Swiss company, decided to tear down the building to ward off vagrants.

Vallone has been involved in the project since 1996 but had to wait for two other developers to back out of developing the area before he and Gans entered into a contract with the Van Leers to develop in October 2004.

The site sits next to the Hoboken Avenue headquarters of the Hoboken Motorcycle Club.

On the surrounding blocks, there are old warehouses, junkyards, including the Erie Lackawanna Warehouse on 16th Street, an Exxon gas station on 18th Street, and some factories.

Further south, there is the entrance to the Holland Tunnel, the Holland Gardens Housing Complex, and some shops. It is some ways, it's a no man's land.
Not always a no-man's land


But Gans last week refuted that view, pointing out that there are a number of businesses near the site, and that it's in close proximity to a NJ Transit rail station.

"I only live five blocks from the site on the Hoboken side," Gans said. "While people see it as abandoned, I don't see it so far removed from many nice establishments. And it will help spur more development in the area."

Gans pointed out that there is already development of residential housing at 833 Jersey Ave., the former site of the Magashoni Apparel Company by an unnamed Hoboken-based development company. And also there is also the construction of a condo complex at 700 Grove Street by Toll Brothers, Inc., and the Cliffs Lofts project on Paterson Plank Road that will see 124 market-rate housing units with 88 parking spaces.
Tuesday


Gans is looking forward to presenting the project.

"It just takes time," Gans said. "There are a lot of little things and lots of small pieces to take care of in terms of what's being presented in the site plan. It's virtually the same plan as [discussed] before, except we're making sure the garage access is on Monmouth Street rather than Hoboken Avenue as originally intended."

Gans said he and Vallone will also seek approval from the Planning Board next week to rebuild a portion of Monmouth Street, which stops south of the site. He said there's a part of it that runs north of the site, interrupted by a several buildings in between.

Gans said the amount of available land allows for "an amenity package" for future residents.

"Because of the size of the property, we have a tennis court, a small putting green, a swimming pool as well as having a 1-acre park with playground equipment," said Gans. "I don't know of many developments that offer these amenities."
Ricardo Kaulessar can be reached at rkaulessar@hudsonreporter.com.

©The Hudson Reporter 2006
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  #92  
Old Posted Jun 24, 2006, 3:55 AM
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Powerhouse Architecture Thesis

I am an Architecture Student @ NYIT. I decided after reading many articles I want to do my thesis project on the Jersey City POWERHOUSE building. I spoke to several people associated with the building and JC Landmark organization and I have history and many pics. But I really could use some old floor plans, elevations, sections and details. Problem is asking for these from the PATH or Port Authority is not an option due to high security.

Can anyone help me or recommend a place to find some copies.

J Buschhoff
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  #93  
Old Posted Jun 24, 2006, 12:16 PM
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The two towers

Thursday, June 22, 2006
By HUGH R. MORLEY


Two 500-foot towers with 901 housing units will rise above the Jersey City waterfront as a more affordable alternative to Manhattan, two developers announced Wednesday.

Red Bank's K. Hovnanian and Chicago-based Equity Residential said they each will build a tower on a 1.76-acre parcel bought from Hartz Mountain Industries of Secaucus for $70 million.

The two will target different markets. Hovnanian will build 420 condominiums, mostly one- and two-bedroom apartments. At the lower end, studios are expected to sell for $300,000. And a small number of penthouses will go for $2 million. Equity Residential's tower will contain 481 apartments. Studios will likely rent for upward of $1,900 and two-bedroom units will probably go for more than $3,000, the company said.

The towers are scheduled to be completed in spring 2009.


Both developers said they expect considerable demand for the units, despite indications that the real estate market is slowing down.

"We believe it will appeal to working professionals seeking proximity to Manhattan, without Manhattan prices," said Megumi Brod, an Equity Residential vice president.

She said it is too early to say how much cheaper the New Jersey units would be than those in New York. But Hovnanian said it expects the condominiums to be 40 percent to 60 percent cheaper than comparable apartments across the Hudson River. The company said that's one reason it is bullish on New Jersey's residential market, especially along the Hudson County water-front.

Another reason is a trend of suburbanites moving to the city, including many older couples whose children have left home, said Randy Brosseau, Hovnanian's area vice president.

"They no longer need the larger residence," he said.

"And they are looking to downsize and have a terrific access to the city in a terrific new modern condo or town home.

At the same time, he added, Jersey City has become a more attractive place to live.

"We have reached a tipping point," he said.

"We see a lot of improvement in retail and lifestyle, and it's generally a much better place to live now than it was 20 years ago, even five years ago."

Still, there is plenty of local competition for buyers. Just a few blocks away, Donald Trump is building more than 850 up-market units in two towers.

Farther north along the coast, Hovnanian this weekend will begin selling 268 loft apartments and 68 town houses that the company is building in West New York, among several other projects under construction on the waterfront.

Scott Selleck, a broker at NJ Gold Coast Real Estate in West New York, noted that the Montgomery Green condominiums nearby has yet to sell out.

"It's a risky situation," he said. "There is a possibility of oversupply. It may be difficult to move those condos."

He said there is a big demand for rental units in that area, however.

Hartz Mountain said it had planned to build offices on the site since 1999.

James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University, said: "It doesn't seem as if there is a need for new office construction along the waterfront."

In contrast, the high residential prices in Manhattan have created a significant spillover demand in Jersey City, as people look for cheaper alternatives, he said.

Noting that the Trump building is nearby, Hughes said:

"It's going to be competitive, probably. But it suggests there is a new confidence on the waterfront that it is now a viable, established market for residences."
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Old Posted Jun 27, 2006, 7:22 PM
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I noticed that emporis now has both Trump towers listed as UC. Is that correct? I thought the second tower would begin sometime later.
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  #95  
Old Posted Jul 1, 2006, 7:54 PM
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Third Metropolis Tower?

As of this morning, about one-eighth of the first level of the building's structure has been completed (the base of the complex will be several stories high, and the towers will rise out from this base). So, to answer your question, neither tower is "under construction" yet.

Work started earlier in the week on 77 Hudson Street, with 12 steel I-beams hammered into the ground so far (I'm guessing for the purpose of holding soil in place during excavation of the parking lot). There is a noticeable amount of heavy construction equipment now on the site.

On the JC Economic Development Corp's website, there is a link to a development map. On the map, it shows a third building in the Metropolis towers complex listed as "approved", directly across Christopher Columbus Drive from Columbus Plaza. Does anyone know anything about this project? I couldn't find any info online.

Last edited by tbal; Jul 1, 2006 at 8:01 PM.
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  #96  
Old Posted Jul 10, 2006, 4:36 PM
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AS for Trump Tower kazpmk only the 55-story building is under construction and as of right now the second tower may not get built.

PAYMENT MISSED

Question mark for more development at Trump complex
Monday, July 10, 2006
By KEN THORBOURNE
JOURNAL STAFF WRITER

The Donald is hedging his bets on a twin-tower condo complex he is building in Downtown Jersey City.

The casino and development mogul told The Jersey Journal he and his main partner in the deal, Hoboken-based Metro Homes, reneged on paying $1.9 million to the city, due June 1, because he's not convinced the project's proposed second tower will become reality.

"I think it's going to be built," Trump said on Friday. "But if the world goes to hell in a handbasket it won't be built - unless you're very foolish."

The first of two towers of what will be Jersey City's Trump Plaza is under construction on Washington Boulevard between Morgan and Bay streets. The first tower - purportedly the tallest residential building in New Jersey at 55 stories - is fully financed and will be a huge success, Trump declared.

But the second tower, planned for 50 stories, "may or may not get built depending on market conditions," Trump said.

"We never really had a starting date on the second tower," he added.

Metro Homes, the majority partner in this venture, did make a $2 million "pre-payment" to Jersey City for Tower I last June, city officials said.

Dean Geibel, Metro Homes's managing partner, said Tower II will be built and the $1.9 million "pre-payment" will be made - just not now.

"Since we know we are not going to be putting this building up right now, it seems a shame to lock it up (the money due the city) in that way," Geibel said.

The "pre-payment" amounts to a no-interest loan to the city; the city repays the money once the developer starts selling units and making payments-in-lieu-of-taxes to the city under its tax abatement agreement.

James McCann, the attorney representing Metro Homes, told the City Council at last week's meeting that banks financing the project are jittery about the prospects for selling out the second tower - perhaps thinking the bubble is about to burst in Jersey City's condo market.

McCann said the banks aren't interested in putting more money into the project until 25 to 30 percent of the units in Tower I are sold, McCann said.

Those units won't go on the market until October, Geibel said, but selling shouldn't be a problem - the 455-unit Tower I has a 3,000-person waiting list, he said. The project, announced last September, is scheduled to be completed in 21 months.

On the table at the City Council meeting, held Thursday morning, was a resolution backing up the due date for the $1.9 million pre-payment to May 1, 2007. In addition, the resolution called for a 5 percent late-payment penalty, and for the developers to buy insurance guaranteeing the money. This "payment bond" would cost the developers roughly $100,000, McCann said.

City officials withdrew the resolution to consider a proposal by McCann to delay when Metro Homes has to purchase the "payment bond."

This fiscal year's spending plan included the $1.9 million pre-payment, but taxpayers won't be left holding the bag since other projects have generated more money than expected, said Jersey City Business Administrator Brian O'Reilly.
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  #97  
Old Posted Jul 25, 2006, 5:40 PM
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1,000+ new neighbors

JC waterfront to house two 500-foot skyscrapers by 2008

By Rebecca Kaufman , Reporter Staff Writer


DIGGING – The new homes are expected to open between winter 2008 and spring 2009

Ground was broken Tuesday for two 500-foot skyscrapers, including 1,000 new condominiums and apartments, to rise at 77 Hudson St. near the waterfront. The new project by K. Hovnanian Homes and Equity Residential is "just another step in the advancement of Jersey City," said Mayor Jerramiah Healy at the ceremony Tuesday. The 1.76-acre parcel is located on Hudson and Sussex streets. Randy Brosseau, a regional vice president at K. Hovnanian, said, "[We want to build] a building that will stand the test of time." He added, "There are two words that describe our project best: Luxury and style."


Living in style

One tower will hold 420 condominiums to be sold by K. Hovnanian, and the other will hold 481 apartments operated by Equity Residential.

Equity Residential is expected to rent out the apartments during the winter of 2008, and K. Hovnanian is expected to occupy the condominium building during the spring of 2009.

K. Hovnanian plans to begin selling homes at the property around the end of this year.

The towers of 77 Hudson will be the first Manhattan-style skyscraper in Jersey City, and will feature a curtain wall system, with floor-to-ceiling glass, according to John Cetra of the New York architecture firm Cetra/Ruddy Inc.

Many nontraditional materials will also be used, including terrazzo-like countertops, chiseled marble, and custom-designed cantilevered master bathroom vanities, he said.

The condominiums, 75 percent with Manhattan skyline views, will include approximately 215 one-bedroom units, 144 two-bedroom units, 19 three-bedroom units, and 42 studios.

The apartments will include 132 studios, 209 one-bedrooms, and 140 two-bedroom units.

However, the towers will not only add housing to Jersey City, but also availability of extensive amenities.

The building will have nearly 19,000 square feet of retail space on the ground floor to hold new restaurants and stores, as well as a Spa/Fitness center, and a dramatic hotel-quality lobby. A parking garage will contain 920 spaces for residents.

On top of the 10-story parking garage will be a landscaped deck, connecting the two towers, with a pool and a dog run. K. Hovnanian Homes is one of the nation's leading home-builders. Equity Residential is the largest publicly traded apartment company in America.

Revitalization

The new towers of 77 Hudson will not only benefit the Hudson River Gold Coast, but also the other areas of Jersey City, Healy said.

"Jersey City revitalization began on the Hudson Waterfront about 10 years ago," he said. "I know that is has spread west to the Hackensack River and also to the northern and southern borders. Originally, there were areas where no one would invest. Now there are five or six bidders on every vacant lot or building anywhere in Jersey City." Jim Driscoll, the division president of K. Hovnanian, said that the project would be all around beneficial: to the city, new tenants, and the company.

"We can't foretell the direct effect it will have on the rest of Jersey City, but it is an excitable housing opportunity - affordable luxury living," Driscoll said.

Mayor Healy said that the construction of 77 Hudson might also inspire other residents in Jersey City.

"Prosperity is contagious," Mayor Healy said. "People are suddenly taking care of their homes -sprucing them up, cleaning, and painting."

Cetra said, "[77 Hudson] will bring vitality, utility, and twenty four- seven community."

Residents will have just 10 minutes travel time to the Financial District in Manhattan. The location is three blocks from the Exchange Place PATH station, and across the street from a Light Rail stop.

There's even some good news for New York residents, officials noted.

"We're giving those on the east side [of Manhattan] a nice view of what's happening in Jersey City," Healy said. Cetra added, "We are enhancing the view from Manhattan."







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  #98  
Old Posted Jul 25, 2006, 5:46 PM
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Powerhouse project gets developer
FRESH START
Friday, July 21, 2006
By JARRETT RENSHAW
JOURNAL STAFF WRITER

The outlook for the long-dormant Powerhouse in Downtown Jersey City got a little brighter this week after the city Redevelopment Authority designated a developer with a lengthy track record for successfully transforming industrial-age buildings into modern entertainment complexes.

City officials say the designation of Baltimore-based Cordish Companies - a key player in the turnaround of Baltimore's Inner Harbor - represents a fresh start for the long-troubled Powerhouse project, which is widely considered the cornerstone of the Powerhouse Arts District.

"This is a turning point for the Powerhouse Arts District and all of Jersey City," Jersey City Mayor Jerramiah Healy said in a written statement. "Their work at the Inner Harbor in Baltimore is world class and we expect nothing less in Jersey City."

News of the designation was greeted warmly by members of the community who have long fought to see the site both preserved and used.

"It's excellent," said John Gomez, founder and former president of the Jersey City Landmarks Conservancy. "We actually visited with Cordish back in 2000, hoping they would come aboard."

The current president of the Conservancy, Joshua Parkhurst, agreed.

"I am glad to see the process is moving along and I hope that the builders will come to the community groups and include them," he said.

Officially known as the Hudson and Manhattan Powerhouse, the one-acre building on Washington Boulevard stands 140 feet tall. Built in 1906 to provide power to the Hudson Tubes - the predecessor to the PATH - the building is structurally sound, though a leaky roof has caused extensive corrosion.

The details of the redevelopment project are still being negotiated, but informal plans call for a multi-level mix of entertainment and retail. Its listing on the National Register of Historical Places also means it will restored under U.S. Department of Interior guidelines.

The project has long been hampered by the fact that the city's partner, the Port Authority of New York and New Jersey, houses its transformers for the PATH system at the site.

The Port Authority is spending $400,000 for a consultant to conduct a review of the site, which will look at alternative places for the transformers and the agency's projected power needs in the future, said Steve Coleman, a spokesman for the Port Authority.

"From our discussions with the Port Authority, we are optimistic that the issue would be resolved," said city Corporation Counsel Bill Matsikoudis.

It's too early to put forth a timeline, but if and when the transformer issue gets resolved the project will begin to catch momentum, said JCRA Executive Director Bob Antonicello.

How the transformer issue is resolved, along with a host of other considerations, will help determine how the project gets funded. City officials said they expect to lease the space to Cordish, but they would not speculate on other funding formulas.

The JCRA had previously designated a Pennsylvania-based developer at the site, but Antonicello said the project was too large and the city had to find them in default of the agreement.
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Old Posted Jul 25, 2006, 5:48 PM
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Echoing the Upper West Side

By ANTOINETTE MARTIN

Published: July 23, 2006

JERSEY CITY

One appeal of the planned Gull’s Cove condo tower in Jersey City is that it will be next to a new light rail stop and near the ferry terminal.

THE first condominium tower in the 80-acre Liberty Harbor North redevelopment area is now going up alongside a new light rail stop and the commuter ferry terminal at Pier 11 here.

Gull’s Cove, a 16-story tower that will hold 321 residences, ranging from studios to three-bedroom units, is just a small part of a master plan to transform a former industrial area into a neighborhood resembling the Upper West Side of Manhattan.

The master plan — recognized in 2001 by the American Planning Association as a model of “New Urbanism” because of the way it incorporates high-density housing, multiple transit connections and a pedestrian-oriented streetscape — was the creation of the Miami architect Andrés Duany. He is the designer of Seaside in Florida, where “The Truman Show” was filmed; it is considered a New Urbanist icon.

Liberty Harbor North is designed to echo the Upper West Side’s network of small city blocks with town-house-lined streets intersecting a few broad avenues facing the waterfront, according to Mr. Duany.

The overall plan includes 6,500 units of market-rate housing, one million square feet of hotel space, 750,000 square feet of retail space, 4.5 million square feet of office space and two parks totaling about 100 acres.

Two locally based builders, Peter Mocco and Jeff Zak, are the principal developers of the $2 billion project, and control more than half of the redevelopment property. Some sites in the project will be developed by others, as is happening at Gull’s Cove. Mr. Mocco and Mr. Zak have yet to announce the details and timing for their own construction plans.

The other developers that will build pieces of the project include the Applied Companies, which developed the Shipyard mixed-used complex with stores and condominium and rental residences on the riverfront.

Meanwhile, the Gull’s Cove tower is being built by Metro Homes, which is based in Hoboken. It has erected the first five floors of steel for the tower, which is the first phase in a three-building project. Gull’s Cove will eventually include another 110 condos in two additional lower-rise buildings.

Situated about a half-mile west of the Hudson River on the north bank of the Morris Canal, the Liberty Harbor North site offers striking views of Lower Manhattan to the east and the Statue of Liberty to the south, said the Metro Homes principal, Dean Geibel.

“The mass transit access from our building can’t be beat,” he asserted confidently one day last week as he stood at the light rail stop opposite the front doors of the building under construction, and looked toward the ferry terminal clearly within sight.

The light rail system makes a direct connection to the PATH train station at Exchange Place, providing a total commuting time to Manhattan that can be as short as 15 minutes, he said.

Furthermore, there is nearby street access to the New Jersey Turnpike and the Holland Tunnel, and Newark Liberty International Airport is only 10 minutes away, Mr. Geibel pointed out.

The condominiums at Gull’s Cove, which are being marketed by Century 21, range in size from 548 to 2,415 square feet and are listed at prices ranging from the high $200,000’s to $1.2 million.

Condominium shoppers can view the variety of floor plans available at gullscove.com, the project’s Web site, and also see digital renderings depicting apartments finished with the materials and appliances that come with a “standard’ or “upgraded” option package.

Standard features include plank flooring, ceramic tile baths, Whirlpool appliances and black granite countertops. The upgraded package includes cherry or mahogany flooring, marble or porcelain tile, premium-grade KitchenAid appliances, and black or sand-colored granite countertops. In addition, closet spaces can be customized with the upgraded package.

Gull’s Cove will have a 24-hour attended lobby and offer concierge services, Mr. Geibel said. It will also house its own cafe, restaurant, bank, fitness club, child-care center and newsstand.

A putting green and landscaped deck are to be installed on the roof of one of the lower buildings, and the complex will include three levels of covered parking.

One of the Liberty Harbor North parks is to be situated on the west side of Gull’s Cove, beside the canal. Various views from the condo tower will overlook the park, the harbor, the Statue of Liberty, the Manhattan skyline and, closer at hand, two historic neighborhoods: Van Vorst to the east and Hamilton Park to the north.

Copyright 2006 The New York Times Company
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  #100  
Old Posted Jul 25, 2006, 6:25 PM
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Amazing... here is the map of the area they are talking about on the article above.

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