Re: Jersey City mayor-elect orders end to citywide reval
Posted by brewster on 2017/3/9 23:31:27
how much do those bayonne boxes costs.i would think that for just a bit more money, one could produce a much nicer building that would hold its value longer over time and get good rents.
I wish I knew more about the numbers, but clearly from patterns in DTJC and in Hoboken, there's a tipping point where values and demographics dictate nicer buildings. No one has built a BB DT in a long time, though there's a number of them on Marin. And it's clearly not just that most of lo-rise DT is Historic. So higher values appear to be the only thing that can save JC from the Bayonne Box.
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