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Re: New York Times: Apartment Hunters chose $1,850 small two bedroom - Downtown on Mercer Street
#31
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Quote:

Bill463 wrote:
But now who is this Joey in the second group of photos? My gosh he and his girl look so terribly smug! I don't think I'd be friends with them at all.



The owners are smuggers, but the dog is definitely a cool little tike.

I mean .... just look at 'em.

Posted on: 2009/1/6 23:29
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Re: Barack Obama for President
#32
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Quote:

Trubrit wrote:

Switching from trickle down economics to bottom up economics is going to cause the country to flatline for 6 months.




Not sure I would agree with your premise, but if a flatline does occur, I would look more to the preceding federal and wall street risk mismanagement for causation.

Either way, I hope you're right on the six months duration, because by the looks of things, we may be in for a rough few years .....

Posted on: 2008/11/7 18:36
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Re: Barack Obama for President
#33
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Quote:

sinik wrote:
Quote:

MrWolf wrote:

One of the critical things that the resuscitation of the economy will require is an increase in consumer and investor confidence, currently both at very low levels. Of the two candidates, the winner was clearly the candidate that will best inspire such confidence, not only in the US, but around the world. At the end of the day, the better run the country, the better the prospects for the economy. Whether this will occur "faster" is for market timers to guestimate, I'm more interested in a return of strong economic fundamentals.

I'm sure Warren Buffet and other like minds agree .....


Well so far, we have had the worst ever post-election day loss on the stock market and worst 2 day loss in 20 years. Where's the "confidence"?



The market already priced in an Obama win. It's the recent bad economic news and the overall feableness of the markets which account for the recent further downturn. It would be unrealistic to suggest that any outcome from Tuesday would have significantly offset the results of the last few days.

The fundamentals are currently a mess and it will take more than an election win (or Pelosi pixie dust) to turn the tide. The point is that BHO was the better choice between the two candidates to jumpstart "confidence" for this economy. While confidence alone will not get us out of this mess, IMHO its definitely a good start.

Posted on: 2008/11/7 15:59
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Re: Barack Obama for President
#34
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Quote:

Trubrit wrote:

Moving forward, several of my friends in finance believe the economy would have bounced back much faster with McCain.

This is going to be a long cold winter.





One of the critical things that the resuscitation of the economy will require is an increase in consumer and investor confidence, currently both at very low levels. Of the two candidates, the winner was clearly the candidate that will best inspire such confidence, not only in the US, but around the world. At the end of the day, the better run the country, the better the prospects for the economy. Whether this will occur "faster" is for market timers to guestimate, I'm more interested in a return of strong economic fundamentals.

I'm sure Warren Buffet and other like minds agree .....

Posted on: 2008/11/7 2:18
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Re: Barack Obama for President
#35
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It's over.

Welcome your new President of the United States of America:


President - Elect Barack H. Obama

Posted on: 2008/11/5 4:03
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Re: How many people does Lehman Brothers employ in Jersey City?
#36
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The Company was just too big and too vital to the financial markets for the government to allow it to fail. Current common shareholders still got hammerred on the deal though ...



AIG Gets Up to $85 Billion Fed Loan; Cedes Control (Update1)

By Craig Torres and Hugh Son

Sept. 16 (Bloomberg) -- The U.S. government agreed to lend as much as $85 billion to American International Group Inc. in exchange for a 79.9 percent stake to save the country's biggest insurer from collapse.

The Federal Reserve ``determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth and materially weaker economic performance,'' the Fed said.

The agreement, supported by the Treasury Department, will keep New York-based AIG in business, averting a failure that could have threatened more financial companies and added to chaos in world markets. Losses industrywide could have totaled $180 billion if AIG collapsed, according to RBC Capital Markets. AIG needed the loan after its credit ratings were cut and shares plunged 79 percent since Sept. 11.

The two-year loan will ``assist AIG in meeting its obligations as they come due,'' the Fed said in its statement. The federal lifeline will allow AIG to sell assets in an orderly fashion rather than at distressed prices, said a person familiar with the agreement.

``The loan is expected to be repaid from the proceeds of the sale of the firm's assets,'' the Fed said. The U.S. government has the right to veto the payment of dividends to common and preferred shareholders.

AIG will replace management as part of the deal, said the person, who declined to be named because not all parts of the agreement were publicly disclosed.

Interest will accrue on the outstanding balance at the three-month London interbank offered rate plus 8.5 percentage points.

To contact the reporters on this story: Craig Torres in Washington at ctorres3@bloomberg.net.

Last Updated: September 16, 2008 21:27 EDT

Posted on: 2008/9/17 1:56
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Re: Assault in Van Vorst Park tonight
#37
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Where is the media on this attack? Their involvement could help bring the perps to justice by putting the administration's feet (and those of the police) to the fire.

Posted on: 2008/7/21 16:49
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Re: With loft sales stalled, Journal Squares' Canco seeks sweeter tax abatement deal
#38
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Quote:

heights wrote:
Quote:

G_Elkind wrote:
The abatement process should not be used to insure or guarantee the profitability of any developer's project.

It's just plain wrong to do this off the backs of the residential taxpayer.


While promises to hire Jersey City construction workers should always be a condition for the grant of any abatement, it's a grossly insufficient trade off to justify revisiting the already agreed upon abatement. In this context, it's not a "shakedown," but more accurately, it's a cheap "give away" that the developer might willingly pay -- as the value of any renegotiated abatement is worth millions more to them. In essence, it's another variant form of pay-to-play.

All the best.

Geoff

Do the tax payers really care if the job is being done by locals. It's union so they get the last say in the matter. How about local developers. I believe the residents get a tax break as well when property taxes are being paid. Also when seeking a new home porential owners can seek a tax abatement.


The developer erred in the original negotiation, since the first phase of the Beacon is already receiving this 10% rate ..... putting Canco at a competitive disadvantage.

The reduction translates directly into lower payments for the prospective buyers, making the development more desirable (perception wise).

Posted on: 2008/6/11 20:56
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Re: The New York Times -- The Ferry: Past, Present and Future
#39
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The aggravation of the Path and NY Subway is enough to make anyone pay double the ferry charge. I liken the 4/5 train going uptown similar to subway trains in Tokyo.

For those who are able to gain 30 to 60 minutes a day taking the ferry, the additional cost may be negligible given the time savings.

Posted on: 2008/5/26 19:57
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Re: West Point sending cadets to NJ for taste of Iraq
#40
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While I agree that Iraq has been a debacle of epic proportions, we should all hope that cadet interaction of this sort helps save lives in the future.

I wish the young men well.



http://www.nytimes.com/2008/04/06/nyr ... cadets&st=nyt&oref=slogin


April 6, 2008

For Cadets From West Point, Jersey City Is a Peace Lab

By MANNY FERNANDEZ

JERSEY CITY ? It sounds at first like a student?s worst nightmare: A long field trip to this gritty, gentrifying and altogether unlikely destination.

But by Saturday afternoon, at the end of a three-day cultural adventure, 30 young men and women had seen a side of New Jersey?s second-largest city that few tourists or even locals had ever seen.

They met police officials, politicians and religious leaders. They shunned some of the city?s best hotel rooms with dramatic views of the Manhattan skyline and slept on blankets on the floor of the prayer room of one of the city?s largest mosques. They debated the roots of Middle East tensions with a Muslim scholar over omelets and falafel at breakfast, and then stood next to a rabbi as he went over a sacred, handwritten Torah scroll.

For a future Army officer, it was an excellent way to spend 72 hours.

Cadets at the United States Military Academy at West Point taking a course called Winning the Peace spent Thursday, Friday and Saturday in Jersey City, exploring its varied ethnic communities as part of a cultural immersion field trip. The class is designed to teach cadets not military skills but the more political and social ones they might need when the countries that they are deployed in make the transition from war to peace: the subtle art of coalition-building and the complicated business of understanding and working with those whose language, religion and way of life differ from your own.

The semester-long class is now in its fourth year at West Point, and each year the cadets drive nearly two hours from the campus in Orange County, N.Y., to Jersey City. For many cadets, a number of whom had never been to Jersey City, this year?s trip amounted to a lesson in how big the world really is.

On Thursday, the cadets, dressed sharply in gray uniforms, met members of the Jersey City Police Department and visited an Egyptian Christian church, St. George and St. Shenouda Coptic Orthodox Church on Bergen Avenue. On Friday, they spoke with Jerramiah T. Healy, the mayor of Jersey City, ate lunch with Pakistanis and dinner with Indians. On Saturday, they visited a synagogue, Temple Beth-El, and then, after taking off their shoes, sat in front of the altar at a Hindu temple, Govinda Sanskar Center. And for two days, they were welcomed as overnight guests of the Islamic Center of Jersey City.

?We woke up to the sound of the prayers,? said Cole Moses, 23, a senior. ?That was our alarm clock. It was kind of surreal.?

Alec Moyer, also 23 and a senior, said he learned the importance of relationships and informal meetings, and was surprised and humbled by the openness of his hosts at the mosque. Jared Graham, 22, was struck by the breadth of the cultural diversity in Jersey City.

For some of the cadets, the visit offered a lesson in human rather than military relations. ?Different cultures, but we?re still the same people,? said Alex Smith, 22, a senior.

All 30 cadets on the trip expected to be sent to either Iraq or Afghanistan at some point after graduating. Army Maj. Rebecca Patterson, the instructor, said Jersey City was a real-world classroom where the cadets could learn from its ethnic cohesion. ?We come to Jersey City because it?s a place where 60 languages are spoken,? she said.

Jersey City treats the cadets like visiting dignitaries. On Saturday, the cadets? three vans had a police escort, and the field trip ended with a community lunch under a tent on Newark Avenue, a busy strip of Indian restaurants, beauty salons and shops. A local group, the Cultural Coalition of Jersey City for Winning the Peace, helps coordinate the field trip each year.

Along the way, religious leaders get a cultural education as well. On Saturday, Ahmed Shedeed, the Islamic Center?s president, went with the cadets to the synagogue and the Hindu temple. ?It works both ways,? Mr. Shedeed said.

One of the main reasons the cadets visit Jersey City every year accompanied them throughout the trip: Detective Richard Boggiano of the Jersey City police. Mr. Boggiano?s two sons attended West Point and served in the Army in Iraq, and when Mr. Boggiano learned from one of them about the Winning the Peace class, he lobbied officials at the Military Academy to do the field trips in Jersey City instead of that other, bigger city across the Hudson.

?It?s good for Jersey City because it shows the world that people can live together, that people can get along together,? Mr. Boggiano said.



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Posted on: 2008/4/7 0:46
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Re: Whole Foods in JC?
#41
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Quote:

SalOnTheHill wrote:
Quote:

MrWolf wrote:
Quote:

ianmac47 wrote:
Quote:

I agree with other posters that Shop Rite/A&P wouldn't lose any business because its too expensive to do ALL your shopping there,


And thus proving the theory that demographically, Jersey City lacks enough consumers financially capable of supporting a Whole Foods.




Maybe. But Jersey City, Hoboken, Harrison and Newark easily have the demographics (assuming a store location set close to the Path).

A Whole Foods in JC is an inevitable certainty. Earnings growth and the dynamics of competition require the move. The company cannot allow Trader Joes to waltz into JC and cannibalize its Union Square/Edgewater locations.

I hope this helps, Jenny Mayla.


Isn't the Trader Joe's in Edgewater literally right next door to the Whole Foods. Like, the next strip mall over?

Kind of like how the Trader Joe's in Union Square is exactly one block east of the Whole Foods?

It's not an either or.

By your logic regarding a Harrison/Newark/JC/Hoboken Whole Foods needing to be near a PATH station, how is the 14th Street Whole Foods not already this store you speak of?

Regardless of whether Whole Foods will one day deign to park it's absurdly over-priced indulgent store in our town, Jersey City will never be able to sustain an urban-style Whole Foods designed to meet profits without substantial parking. Never. Going. To. Happen.



The 14th store is in NYC and will cease to significantly serve the area the second a similar large health food focused retailer moves into JC (close to Path). This doesn't necessarily need to be Trader (with enhanced product line) .... I do think Wolf Foods has a nice ring to it.

The point I'm making here is that downtown JC will one day be an area with multiple high density buildings full of high income owners/renters. These buildings are going to continue to proliferate once the markets improve (given the location) and one day create an area that presents a compelling opportunity for a WF or some other like retailer. This is not a 12 to 18 month scenario, but one with a much longer horizon.

Posted on: 2008/3/22 19:52
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Re: Whole Foods in JC?
#42
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Quote:

matchjames wrote:
Quote:

MrWolf wrote:
Quote:

ianmac47 wrote:
Quote:

I agree with other posters that Shop Rite/A&P wouldn't lose any business because its too expensive to do ALL your shopping there,


And thus proving the theory that demographically, Jersey City lacks enough consumers financially capable of supporting a Whole Foods.




Maybe. But Jersey City, Hoboken, Harrison and Newark easily have the demographics (assuming a store location set close to the Path).

A Whole Foods in JC is an inevitable certainty. Earnings growth and the dynamics of competition require the move. The company cannot allow Trader Joes to waltz into JC and cannibalize its Union Square/Edgewater locations.

I hope this helps, Jenny Mayla.



Ummm.. what? These communities may have a lot of population, but they DO NOT have the demographics. ANY way you slice it, most of Hudson County, seen through zips, is at least HALF of the income levels demanded by a chain like WF. HALF.

And TJ's and WF are seen as appropriate companion stores, they in NO WAY compete with each other. TJ's tends to follow WF into a market... (Edgewater, Union Square, Ridgewood/Paramus), they simply are NOT the same. Very little fresh food in TJ's, tiny meat selection (all pre-packaged). etc. Whole Foods is a supermarket.



Ummmmm, you forget the projected increases in population anticipated for these areas, partially driven by the million projected for NYC. The demographics in these areas are CHANGING by the day, fertile ground for earnings hungry companies like WF.

No one said they were the same, only that a TJs in JC would take SOME sales from WF in the area. Given that customers are not overly abundant in the area, the notion becomes more relevant (i.e. not an issue in Manhattan since the city easily supports both due to the sizable customer base).

This will happen.

Posted on: 2008/3/21 18:39
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Re: Whole Foods in JC?
#43
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Quote:

ianmac47 wrote:
Quote:

I agree with other posters that Shop Rite/A&P wouldn't lose any business because its too expensive to do ALL your shopping there,


And thus proving the theory that demographically, Jersey City lacks enough consumers financially capable of supporting a Whole Foods.




Maybe. But Jersey City, Hoboken, Harrison and Newark easily have the demographics (assuming a store location set close to the Path).

A Whole Foods in JC is an inevitable certainty. Earnings growth and the dynamics of competition require the move. The company cannot allow Trader Joes to waltz into JC and cannibalize its Union Square/Edgewater locations.

I hope this helps, Jenny Mayla.

Posted on: 2008/3/21 18:03
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Re: Bergen Lafayette: ARMED TEEN SHOT IN FACE
#44
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Quote:

injcsince81 wrote:
Quote:

MrWolf wrote:
Quote:

injcsince81 wrote:
Quote:

MrWolf wrote:
Quote:

Selective wrote:
I have a hard time believing this kid wasn't carrying. Wow his friends said he didn't have a gun huh? The same kids who have a 'don't snitch' policy?


Whether the young man was carrying or not, the consensus seem to agree that he was a relatively decent kid. This at least suggests that he was unlikely the type to be involved in violent behavior. The real dangerous sorts are not generally lamented quite this way (after being a victim of violence), since people know it goes with the territory. That's not what they're saying about this kid. The more likely scenario is that he was carrying because he was afraid for his life. People get shot for all types of insignificant reasons these days (i.e. a look, playground argument, etc.). It's all conjecture at this point since the only people who know, either aren't talking or can't. Heinous crimes like these only underscore how unsafe EVERYONE really is in this community. Dog run or no dog run. People are kidding themselves if they think otherwise.

He was only 15. The young man should be mourned.


Whatever.

Looks like the guy was carrying, and your speculation that he was carrying because he was afraid for his life is just that - speculation.

More likely he was a gangster apprentice when he went down.




More like it's repugnantly speculative to speak ill of a young man who can no longer speak for himself, especially after others have spoken up on has behalf.


They always say "he was a good kid", don't they?

You are so naive, Mr Wolf.

Almost like you're not Mr Wolf.




Au contraire, as it's a virtual certainty that there is little you can school me on the topic. You see, I've seen it really, really up close. Further comment is unnecessary close.

Then again, this isn't so much about naivet?, as it is about common decency and respect for the dead.

I guess that the path of the righteous man is way too much for you to fathom.

Posted on: 2008/3/20 4:20
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Re: Bergen Lafayette: ARMED TEEN SHOT IN FACE
#45
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Quote:

injcsince81 wrote:
Quote:

MrWolf wrote:
Quote:

Selective wrote:
I have a hard time believing this kid wasn't carrying. Wow his friends said he didn't have a gun huh? The same kids who have a 'don't snitch' policy?


Whether the young man was carrying or not, the consensus seem to agree that he was a relatively decent kid. This at least suggests that he was unlikely the type to be involved in violent behavior. The real dangerous sorts are not generally lamented quite this way (after being a victim of violence), since people know it goes with the territory. That's not what they're saying about this kid. The more likely scenario is that he was carrying because he was afraid for his life. People get shot for all types of insignificant reasons these days (i.e. a look, playground argument, etc.). It's all conjecture at this point since the only people who know, either aren't talking or can't. Heinous crimes like these only underscore how unsafe EVERYONE really is in this community. Dog run or no dog run. People are kidding themselves if they think otherwise.

He was only 15. The young man should be mourned.


Whatever.

Looks like the guy was carrying, and your speculation that he was carrying because he was afraid for his life is just that - speculation.

More likely he was a gangster apprentice when he went down.




More like it's repugnantly speculative to speak ill of a young man who can no longer speak for himself, especially after others have spoken up on has behalf. I suppose it?s easier for some to always chalk up incidence of urban violence to gang activity. Makes them feel safe.

Teenager senselessly loses his life and you crow ?Whatever?.

I kind of guess that says it all.

Posted on: 2008/3/20 2:33
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Re: Why Fed Rate Cuts Do Not Equal Lower Mortgage Rates
#46
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Bankrate also prints a decent weekly roundtable on the direction of rates.

http://www.bankrate.com/brm/static/rti.asp


In addition, even though current spreads are out of whack with the 10 year treasury, tracking its movements still has merit.

http://finance.yahoo.com/q?s=%5ETNX

Posted on: 2008/3/19 17:32
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Re: Bergen Lafayette: ARMED TEEN SHOT IN FACE
#47
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Quote:

Selective wrote:
I have a hard time believing this kid wasn't carrying. Wow his friends said he didn't have a gun huh? The same kids who have a 'don't snitch' policy?


Whether the young man was carrying or not, the consensus seem to agree that he was a relatively decent kid. This at least suggests that he was unlikely the type to be involved in violent behavior. The real dangerous sorts are not generally lamented quite this way (after being a victim of violence), since people know it goes with the territory. That's not what they're saying about this kid. The more likely scenario is that he was carrying because he was afraid for his life. People get shot for all types of insignificant reasons these days (i.e. a look, playground argument, etc.). It's all conjecture at this point since the only people who know, either aren't talking or can't. Heinous crimes like these only underscore how unsafe EVERYONE really is in this community. Dog run or no dog run. People are kidding themselves if they think otherwise.

He was only 15. The young man should be mourned.

Posted on: 2008/3/19 5:18
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Re: How will New Conforming Loan Limits affect JC real estate market?
#48
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These measures will definitely add to liquidity in the short term and will be good for cities like JC. The fact that this limit increase may be temporary, will only enhance the likelihood that potential buyers will act within the timeframe, thereby providing some instant relief to the real estate markets.

I agree that the resultant rates will be risk adjusted, but they still will be an improvement over present jumbo rates.

Posted on: 2008/3/7 20:59
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Re: 300 students trained to resist joining gangs
#49
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Not sure that I would agree with your position on this issue. For the reason that if this program is able to offer kids other options (and some hope), then it will have an impact. Of course it's not enough to JUST SAY NO, as this by itself is an empty gesture, but if this program can be supported by additional action and positive curriculum, then I believe it will have a chance to help.

Gangs proliferate best in areas where despair runs rampant and hope is non-existent. This scenario plays out all over the world and is not by mistake. Development of well though out programs to combat this problem is a step in the right direction. Doing nothing will only result in a steeper cost to society (i.e. prision cost, impact of crime, etc.).

I guess we can all dream ....

Posted on: 2008/3/7 18:51
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Re: Unable to find anything in Greenwich Village, Saint Vincent’s Leases 64 Luxury units at Grove Po
#50
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Quote:

GrovePath wrote:

I still think renting out 90% of the units, at those prices, in that short time is amazing.
http://grovepointerentals.com

Studios - $1850
1 Bed 1 Bath - $2400
2 Bedrooms - $3500



I share your sentiment here, GP. I also think it illustrates how JC is coming into its own and beginning to realize some of the POTENTIAL dictated by its relative geography.

Expect a lot of the same in the coming months/years, as the rest of premium priced NYC discovers how close it is to JC.

Posted on: 2008/2/27 19:34
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Re: Unable to find anything in Greenwich Village, Saint Vincent’s Leases 64 Luxury units at Grove Po
#51
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At $34M, the average per apartment comes in at $2,906 per month (not much of a discount). Where it becomes a good deal for the hospital is the fact that they get to control the likely inflationary increases over a fifteen year period. Seems like a good deal for all involved (on the surface).

Posted on: 2008/2/27 18:55
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Re: Journal Square: City may not see revenue for decades - Tower developer asking for low-interest l
#52
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+1 also on Scooter's points.

The location presents a tremendous opportunity for any well capitalized, seasoned developer. Comparing the area to anything in Newark is off the mark. Unfortunately, the city is stuck with an inexperienced developer who is dealing with the reverberations of an impending recession (while credit continues to tighten). That said, one can only hope that the city does not roll over on this one, for any further capitulation will be the final straw regarding their complete incompetence when it comes to assessing the commercial real estate market.

Posted on: 2008/2/12 18:05
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Re: Beacon developer, Santa answer touching letters
#53
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January 13, 2008
In the Region | New Jersey

Condos With Deco in the Details

By ANTOINETTE MARTIN

JERSEY CITY

http://www.nytimes.com/2008/01/13/rea ... ref=realestate&oref=login

CONSIDER the process involved in the historical restoration of just one detail ? the gilding on beams and moldings in the theater ? at the former medical center here, now being transformed into the Beacon residential complex.

?Paint ages over time, and it discolors,? said Ulana Zakalak, a restoration specialist who is a consultant on the project.

Because the eight Art Deco buildings at the complex are designated landmarks, and the developer, Metrovest Equities, is applying for historic preservation tax credits, it was essential to discern and reproduce precisely the original colors and sheens, Ms. Zakalak said.

?For every surface, an X-Acto blade was used to carve out a small sliver of paint, down to the wood,? she said. ?The paint sample was pasted in Lucite and filed down to the edge to get a stratification of the layers. The cross section was put under a microscope to examine every paint layer, and matched to a color guide for modern paints.?

?The gilding was the most tricky to match,? Ms. Zakalak said, because it was not true gold leaf, but some sort of alloy.

The towering medical center buildings were built during the Depression ? at the behest of the legendary Jersey City mayor Frank Hague, who leaned on his ?good friend,? Franklin D. Roosevelt ? at a time when gold was too precious to use as mere d?cor.

The paint and plaster foreman, Johnny Hilares of Evergreen Studios, experimented for weeks with various mixtures and glazes before he hit on the right formula, Ms. Zakalak said.

Meanwhile, the chipped and crumbling plaster moldings on the theater?s ceilings and walls each had to be repaired or reproduced, and the bronze Deco light fixtures ? some painted over and covered with globs of melted plastic that had replaced the original glass ? had to be cleaned, reglazed and rewired.

Today, the theater looks resplendent ? as it did 70 years ago, Ms. Zakalak said. Beacon residents use the once bedraggled space, which served as a makeshift triage center after Sept. 11, for community events.

Two hundred people are now living in the first building restored at the complex, set atop the Palisades ridge near Journal Square. Seventy more have signed purchase agreements for condominiums in the building, which is 90 percent sold, according to Metrovest?s chief executive, George Filopoulos. Sales are to open soon for a second building.

Eventually, 1,100 units will be created inside the tall stone structures ? some of them rentals ? and 80,000 square feet of retail space will be added. This makes the Beacon the largest historic renovation project currently under way in the country, according to officials with the National Park Service, which oversees the federal tax credit program.

?The project is both monumental in size and intricately detailed,? said Mr. Filopoulos, whose company began the restoration effort four years ago. ?It can be overwhelming at times.?

But, in the words of Ms. Zakalak, who bought a condo at the first building shortly after she began working on it, ?it gets under your skin.?

She and Mr. Filopoulos imagine this must have been the case for the workers and artisans who created the original buildings.

A magnificent bas-relief frieze, circling the walls near the ceiling of what is now the Beacon?s billiard room, was recently cleaned and restored.

The sculpture, called ?From Myth to Medicine,? has hand-carved images ranging from cavemen to Pandora opening her box, from the grim reaper to the foo dog, from the Native American medicine man to the hospital surgeon.

Fashioned by out-of-work artists hired through the federal Works Progress Administration, the bas-relief was evidently unsigned ? as was the custom with W.P.A. work.

?It is such an incredible piece, though, we constantly looked for a name,? Ms. Zakalak said. ?All during the cleaning process, over four years, we looked.?

Then, literally at the last moment ? 8 p.m. on a Friday, when the work was being given a final dusting because of a public event scheduled the next day, and Mr. Hilares was up on a lift checking for errant specks ? he spotted a minuscule signature carved in script at the edge of the image of a cloud: Allen George Newman.

Mr. Newman was a prominent sculptor in the 1920s and ?30s. He created the Henry Hudson monument that stands at the corner of 72nd Street and Riverside Drive in New York City, as well as various war memorial statues for cities around the country.

?Obviously,? Ms. Zakalak said, ?he put his heart and soul into this project ? done in anonymity, too.?



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Posted on: 2008/1/13 8:34
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Re: Newark's Revival: It's No Joke - Oft-Ridiculed Spot Is Northeast's Fastest-Growing Big City
#54
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Quote:

groovlstk wrote:
MrWolf wrote:
Quote:

You're kidding, right? Up until this point, there have been zero crime issues at the Beacon and I can comfortably say that one is much safer walking to their car late night (in the Beacon parking lot), than doing a similar walk on certain blocks in PH.


A similar walk? I wasn't aware that PH was a gated, secure parking lot.

I'll take my chances walking around PH at night, you Beaconites can enjoy your uh, "safer" evening parking lot strolls




The "similar" walk refers to a PHer's walk to their car and the relative safety that person enjoys compared to someone doing the same thing at the oh so scary Beacon. It's taking an every day activity and framing it to provide perspective. I can extend the comparison to walks around the development (which have shown to be equally as safe), but it would be redundant. The comment was made in response to another person's misinformed statement about the Beacon and not intended as a dig against PH (a neighborhood I happen to really appreciate). The truth is that JC is an urban environment and crime happens, but to suggest that such crime is more the reality for JC west of the turnpike, is pure folly.

Enjoy your walk.

Posted on: 2008/1/3 8:08
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Re: Newark's Revival: It's No Joke - Oft-Ridiculed Spot Is Northeast's Fastest-Growing Big City
#55
Just can't stay away
Just can't stay away


The challenges are massive, but I do think that the tide is starting to turn in Newark. One thing that is very encouraging is some of the quality of life initiatives the mayor and police have undertaken. Following a model that helped NYC prosper is a step in the right direction. It would be great to see the current JC administration take such a zero tolerance approach.

Posted on: 2008/1/3 3:22
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Re: Newark's Revival: It's No Joke - Oft-Ridiculed Spot Is Northeast's Fastest-Growing Big City
#56
Just can't stay away
Just can't stay away


Quote:

wibbit wrote:
i visited eleven80 a few months back when i was looking for a rental, the building is nice, rents are cheap but the area is not good. In the day it was ok, but at night(7-8pm) the streets were mostly empty with shady individuals and drunks standing around all over the place.

Not a place i want to live, ended up renting in metropolis tower in paulus hook, much crappier building but at least i dont have to worry about armed robbery everytime i go outside.

i think eleven80 is the same concept as the beacon, but even worse.



You're kidding, right? Up until this point, there have been zero crime issues at the Beacon and I can comfortably say that one is much safer walking to their car late night (in the Beacon parking lot), than doing a similar walk on certain blocks in PH. This recent summer's rash of assaults and muggings downtown illustrates this point. Attempting to elevate a development like Metropolis, while diminishing other successful developments because you're fearful of their neighborhoods is nonsensical.

The mind truly boggles ......

Posted on: 2008/1/2 20:51
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Beacon developer, Santa answer touching letters
#57
Just can't stay away
Just can't stay away


Nice to see the Beacon developer do something positive in the community .... also did something similar next door at Montgomery Gardens for about a hundred kids (not reported).



DEAR SANTA...

Beacon developer, Santa answer touching letters

Tuesday, December 18, 2007

By PAUL KOEPP
JOURNAL STAFF WRITER

The North Pole came to The Beacon in Jersey City yesterday afternoon, as 200 Jersey City schoolkids had some of their Christmas wishes fulfilled.

Some of their other wishes, which no Santa could put under a tree, brought tears to the eyes of those who read the "Dear Santa" letters.

Each student wrote a letter to Santa Claus asking for a gift, and Beacon developer Metrovest Equities helped provide the gifts.

As fourth-and fifth-grade students from Kennedy School sat on the staircase in the ornate Art Deco lobby of Murdoch Hall, which was used in the filming of "Quiz Show" and other movies, Santa appeared on the balcony above. Defying his age, old St. Nick bounded down the stairs, exchanging high-fives with the excited youngsters.

Manuel Ramos, a fourth-grader, got the Jets football jersey he'd wanted. He said he'll wear it while he cheers for his favorite player, Chad Pennington. "My whole family watches the Jets games," Manuel said. "I feel really happy about it."

Aliz? Pizarro, a third-grader, called her new VTech Nitro Notebook "awesome."

"It's like a computer, so I can type on it."

Other gifts were not so easy to provide.

"My first thing I want is to make my grandmother better," wrote Darius Hemingway, who noted in his letter that his house burned and all his things were destroyed.

"My last, but not least, present is a bouquet of flowers for my grandmother's grave. I miss her," wrote Thomas Melendez, a fifth-grader.

Other kids like Shantasia Moreland, a fifth-grader, asked for food, clothes and medicine for people who can't afford them.

As the gifts were handed out, the band and choir from Lincoln High School performed. Metrovest President George Filopoulos, wearing an elf hat, and Mayor Jerramiah Healy were on hand as kids received their gifts from Santa.

"Ever since Metrovest came to Jersey City, they've been very generous," school board member Suzanne Mack said. "It's nice to see a developer give back to the community."




? 2007 The Jersey Journal
? 2007 NJ.com All Rights Reserved.

Posted on: 2007/12/21 1:34
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Re: The Beacon
#58
Just can't stay away
Just can't stay away


Jersey Journal slideshow NEW LIFE TO OLD MEDICAL CENTER Monday, November 12, 2007 PAUL KOEPP JOURNAL STAFF WRITER Life is being breathed into the old Jersey City Medical Center, Mayor Frank Hague's Depression-era model for medical services for the poor. George Filopoulos, president of Manhattan-based Metrovest Equities, recently gave city officials a tour of the Beacon condo complex after they attended a ribbon-cutting for the new police motorcycle garage around the corner on Cornelison Avenue. The developer spent $1.4 million to build the garage and is leasing it to the city for $1 a year for 10 years. Prices are a bit steeper at the Beacon, with one-bedroom condos starting at $370,000 and two-bedroom units at $550,000, plus a $550 monthly maintenance fee. The penthouse of the Capital building has already sold for $2.3 million, Filopoulos said. Workers were polishing floors and doing exterior work at the Capital and the attached Rialto. Of the two buildings' 315 units, 275 are under contract and 200 are occupied, Filopoulos said. The first phase of the project also includes 103 units in the Mercury building expected to be ready in late 2008 and going on sale next month, and 110 units in the Orpheum, slated for completion in 2009. The entire project will eventually have 1,200 units in 10 buildings at a cost close to $400 million, according to Filopoulos, who said the hardest part is fixing the buildings' facades. "Until you strip away the brick, you don't know how much brick you have to replace and how much steel you have to replace," he said. Metrovest is trying to recapture the buildings' Art Deco feel by restoring the original 1930s light fixtures and paint colors in the halls and lobbies. A refurbished bas relief made of 24 marble panels weighing 800 pounds each adorns the walls of the former Rialto entrance, now a billiards room. Down the hall, Mayor Hague's office is being turned into a poker room and the old auditorium has become a great room and events center. The complex offers high-end amenities like a spa, indoor grotto and shuttle service to the Journal Square PATH station. Other articles about The Beacon

Posted on: 2007/11/14 0:24
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Re: 2 rival wolfpacks
#59
Just can't stay away
Just can't stay away


Quote:

cyclotronic wrote:
A neighbor/friend of mine got beat up by a bunch of teens in Lincoln Park last night who randomly attacked him and his dog with a 2x4. That's a wolfpack. This is no joke or hype.

It sounds like the police did not have Mischief Night under control by any means. What ever happened to toilet papering trees and spraying shaving cream?



WTF! The dog too? That's going too far.

Seems that the rules of engagement no longer apply. The kids of today have clearly and completely lost their minds.

Posted on: 2007/10/31 17:15
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Re: New Condo Complex in Jersey City Sets Record for Penthouse Sales
#60
Just can't stay away
Just can't stay away


Exactly. This is definitely a private buyer who was probably quoted a similar number in NYC for half the space. You're going to see a lot more of these types of purchases in the coming months/years. It's a testament to JC coming into its own as a viable alternative to NYC.

Posted on: 2007/8/15 20:31
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