Re: What do we think of Hamilton Square South?
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Home away from home
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Thanks. Seems like all of the developers are planning rental with option for change to condo for some or all of the units, depending on changing market conditions.
Posted on: 2013/9/18 6:20
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Re: What do we think of Hamilton Square South?
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Anyone have an update for this project? Is it still on hold?
Posted on: 2013/9/16 18:28
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Re: The Bath House in Jersey City (Coles b/w Columbus and 1st) - HELP
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Not sure about any issues or flooding. It's a fairly new condo conversion, as I am sure you are aware. Do you know the area well? Have you lived in downtown Jersey City before?
Posted on: 2013/9/16 15:49
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Re: Colgate Clock returning
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Awesome! It's taking a long time, but the development of the small park around that area seems to be coming along nicely
Posted on: 2013/9/16 15:40
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Re: Upscale ‘Madox’ Leased Up in Jersey City
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True that Beacon is a different market even though it's part of the same city.
In Paulus Hook there are a lot more rental buildings going up. It should be interesting to see if they are as successful as the Madox and how they effect the rental market. Here are the projects I know of in Paulus Hook and the immediately surrounding area (i.e. south of Montgomery). This list doesn't include the many other projects going on in the rest of the downtown area. - Almost across the street from the Madox, the Lofts at Van Vorst will have 83 rental units. - Near Gulls Cove, 18 Park will have 422 rental units. - The Warren at York will have 139 rental units. - I'm not sure what the status is of the 99 Hudson tower(s) or if the project will ever break ground. I read that the application was for 1,000 rental units and that it would be the tallest residential building in Jersey City. - There are also a couple small condo projects in the works in the area
Posted on: 2013/9/6 15:56
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Re: MorrisCanal Park -- for dogs or kids?
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I did see the other thread but thought it was noteworthy that the issue was previously extensively discussed on a thread specifically about Morris Canal Park. It's a shame that this has been a problem for so long. Your quoted comments above are great news. I'm really hoping for meaningful change. I am concerned that many dog owners would prefer to see the park remain in bad shape to avoid having a dog run installed because that kind of mentality could hold up any plans to fix the problem.
Posted on: 2013/9/4 21:29
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Re: MorrisCanal Park -- for dogs or kids?
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Morris Canal Park desperately needs a dog run area and leash laws need to be enforced. I see from this thread that this problem goes back years. I am a dog lover and have owned dogs for most of my life, but it has now gotten to the point that the area is known as a "dog park" and people without dogs simply don't want to be there. That's wrong. It's such a beautiful area that people should be able to enjoy, even if it isn't developed any time soon.
Posted on: 2013/9/4 20:29
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Re: Upscale ‘Madox’ Leased Up in Jersey City
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Pretty impressive considering the building is not right next to the path relative to some of the other rental buildings. It's a 10min walk to the Grove path according to Google Maps.
I think this shows that people really like the Paulus Hook neighborhood.
Posted on: 2013/9/4 18:37
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Re: NY TIMES: Have New Yorkers finally discovered Jersey City?
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If the destiny of down town JC is linked to the rest of JC, then the down town area is doomed. Fortunately that is not at all the case. Developers are once again developing in the down town area at rapid paces and more and more people are moving in despite the crime in other areas of the city. I would like to point out again that Tribeca real estate prices aren't dropping just because there is crime in the Bronx or even in Harlem. And yet they are all part of the same city. user1111's analysis is completely flawed. With that said, I would of course like to see less crime in the rest of JC! I just don't think it's linked in the way that user1111 thinks it is.
Posted on: 2013/8/19 18:10
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Re: Boy hit by car at Hamilton Park
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"2. Cars parked too close to the corners" Is the one item that the City can immediately and easily fix!
Posted on: 2013/8/19 14:53
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Re: Boy hit by car at Hamilton Park
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Not true at all. Take a walk around the area and look closely at how much vision is blocked, even by cars that are a car's length and more away from the corner. When combined with the fact that drivers speed through intersections it's extremely dangerous. In one of the accidents I saw on the corner of Eerie and Third the car w/ the stop sign correctly stopped at the stop sign and they STILL hit each other!! No double parking. and the cars were parked legally. Both drivers said they couldn't see over parked SUVs!
Posted on: 2013/8/19 14:51
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Re: Boy hit by car at Hamilton Park
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Home away from home
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THIS is a huge problem. I witnessed two accidents near the Hamilton park area living there just 2 years. And in one of them, I was almost hit and the woman directly next to me did get hit. This parking issue was the cause in both cases. It's extremely dangerous for drivers and pedestrians. I don't care if there is a shortage of parking spaces. I have a car too. People can pay to park in garages if they can't find a spot. Safety comes first. They absolutely need to move parking back even more from the corners.
Posted on: 2013/8/19 5:49
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Re: NY TIMES: Have New Yorkers finally discovered Jersey City?
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I couldn't disagree with the first sentence more. People most certainly see Brooklyn, the Bronx and Queens and even Manhattan in terms of regions and yet they are all part of NYC. Demand for real estate in Tribeca or the Upper East Side is not decreasing because of crime in Harlem or the Bronx. Downtown is a totally different area than most of the rest of JC whether you like that or not. It has far less crime (especially violent), is much more developed in terms of building, has a different racial and cultural make-up and forms a different socio-economic class. Some people may dislike some of these differences, but they are facts of reality. So it's no wonder that people disconnect themselves between the two areas. I understand the incentive to paint the picture of JC you're trying to create. You want to pull money and resources from one area of the city to another. That's understandable if you have some sort of connection to areas that will benefit from that. But let's be honest. Without the money coming into DTJC, there's no one to loot!
Posted on: 2013/8/16 20:46
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Re: NY TIMES: Have New Yorkers finally discovered Jersey City?
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Not to mention, Asian immigrants! How much did the Australians really buy? Are we talking numerous brownstones or is that just a hyped story?
Posted on: 2013/8/16 18:27
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Re: NY TIMES: Have New Yorkers finally discovered Jersey City?
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Lastly, the very people that might be attracted to JC by an article like this are probably not going to be as affected by a reval as those long time residents whose homes are valued at a quarter of the market rate. The JC down town area has a ton of development going on, which makes it newsworthy for those who live in the general NYC area. I don't think anyone is attracted to JC simply by a NYT article. But it's nice to see it show up on the media's radar from time to time, as it should. And giving it that well-deserved attention goes a long way over time in building a general positive reputation, which IS a reason that people move to a new area.
Posted on: 2013/8/16 17:16
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Re: NY TIMES: Have New Yorkers finally discovered Jersey City?
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That's silly. Is all marketing "kiss-assery"?
Posted on: 2013/8/16 16:03
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Re: Fulton's Landing
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I've been in the building and have talked to people who have lived there, but haven't lived in it myself.
I think the finishes and construction are on-par with the other nearby Paulus Hook mid-rise buildings built from 2000 to 2010. I guess Sugar House lofts and high rises like 77 Hudson would be an exception, but the prices reflect that and the fees are much higher in those buildings as well. The prices seem a little higher at Pier House because it's right on the canal and has a nice swimming pool. I don't think that's related to construction quality. In fact, Pier House was constructed earlier and its original finishes are a bit dated, although I see that many owners have updated their units in that building. I have heard some of the residents complain about the electric cooling and heating systems. I've dealt with them in rental buildings and was NOT a fan myself. 149 Essex is in a great spot near the end of Morris Canal and the immediate area is being built up even more with the Madox across the street (where the mayor is a current resident according to the NYT) Also, a new 8 story, 83 Unit residential building is going up very close by at 203-207 Van Vorst--almost across the street. I can't speak to the flooding issues. But aside from that point, I think it offers great value for the price relative to some of the other options in the area. Although, I have seen recent listings for much higher amounts than what was previously available.
Posted on: 2013/8/16 15:56
Edited by Bubble_Tea on 2013/8/16 16:13:28
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Re: NY TIMES: Have New Yorkers finally discovered Jersey City?
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Kind of silly that the author just throws in at the end of the article the massive amount of development going on within a relatively small area of downtown JC, almost as an afterthought. That's the big news and what makes the state of JC real estate newsworthy in the first place. It should have been near the top of the first page.
Here is the quote, near the bottom of the second page of the article: "Developers are building, and not just along the waterfront. Citywide, 2,610 units of housing are under construction and 11,405 more have been given the green light, according to the mayor?s office. In fact, the city has enough developable land available to fill all of Hoboken, which is one square mile. But the construction is still not keeping pace with demand. In July there was only a two-month supply of available homes downtown, according to Liberty Realty."
Posted on: 2013/8/16 15:30
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Re: NY TIMES: Have New Yorkers finally discovered Jersey City?
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I totally agree with this. The Path should just be the "P" line or some other letter. It looks and functions just like the subway, although it's usually a bit cleaner. And you can use a metro card to get on. I think from a marketing standpoint that assigning it a letter would go a long way to undo the psychological barrier mentioned in the article that New Yorkers have of commuting to JC. Brooklyn'ers also cross a river to get home, so there's really no reason for it.
Posted on: 2013/8/16 15:22
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Re: An open letter to the Dog Owners of DTJC (brace yourselves)
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All the more reason why it makes so much more sense to have off-leash hours at LSP, NOT Morris Canal Park! With all of that space they won't: (a) dominate the entire park, (b) give the community the sense that the park is for dogs, and (c) be far less likely to bother people.
Posted on: 2013/8/15 18:03
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Re: appraisal contingency
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Cool. That works if you have on hand: 20% (or whatever your loan amount is) + 15K + closing costs.
Posted on: 2013/8/15 17:59
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Re: appraisal contingency
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Honestly, the whole appraisal process is a load of crap. The bank makes a decision in advance based on current internal bank policy, a risk assessment for the area and very general market trends and then locates comps to justify it. The comps often aren't even very good choices relative to others that could be picked.
Posted on: 2013/8/15 17:35
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Re: An open letter to the Dog Owners of DTJC (brace yourselves)
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Given its size LSP would make a heck of a lot more sense for having off-leash hours. The policy is much less likely to bother people there. Again, I understand you to be saying that you would SUPPORT development of the park even if it was determined with finality at the outset of development discussions that there would be a dog park and that leash laws would be enforced. Do you agree with this specific statement? I don't think the issue is that dog owners don't have pride in the community. I think it's that they often put their dogs before other community members.
Posted on: 2013/8/15 14:38
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Re: An open letter to the Dog Owners of DTJC (brace yourselves)
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Exactly right. People literally view the park as being a dog park--not a person park. That's a big problem.
Posted on: 2013/8/15 5:06
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Re: An open letter to the Dog Owners of DTJC (brace yourselves)
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Yes, I would definitely support development of the park either way. I was getting the sense that dog owners would prefer not to have a developed park if it meant that their dogs would be confined to a dog run. I'm glad that you are not in that camp. Please clarify if I understood you incorrectly. I would prefer a dog run to off-leash hours. That's what the parks in NYC and Brooklyn have and they work great. But, sure, I would prefer specified off-leash hours to no measures at all. I think it would make sense to have them be early morning and late night, when most dog owners walk their dogs anyway. Also, I doubt dogs care about the time of day they are out. If this is about the dogs, the owners can deal with that inconvenience. Since you are making the proposal, would you be in favor of having off-leash hours now, even though the park has not been developed?
Posted on: 2013/8/14 22:49
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Re: An open letter to the Dog Owners of DTJC (brace yourselves)
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mdips, you have yet to answer my second question: Would you support development of the park if it meant construction of a dog run that you felt was "too small" and strict enforcement of leash laws? Are you unwilling to answer this?
Posted on: 2013/8/14 21:53
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Re: appraisal contingency
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No. That's the whole point of waiving the appraisal contingency. If you can't get a mortgage for the full amount because it doesn't appraise, you are still on the hook and seller can take your deposit and perhaps sue you for the balance! I suppose that if you can't get a mortgage for some other reason, than the mortgage contingency provision would still apply. But I'd be concerned under those circumstances, where it didn't appraise, that Seller would still try to keep the deposit, and then you would have a legal dispute on your hands.
Posted on: 2013/8/14 20:08
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Re: An open letter to the Dog Owners of DTJC (brace yourselves)
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Exactly. MDips, I previously asked you how big the dog run would need to be for you to be okay with it and you did not respond to the question. So, how big is big enough? And let me ask you about the issue we are now discussing directly: Would you support development of the park if it meant construction of a dog run that you felt was "too small" and strict enforcement of leash laws? Can you please give straight answers to these questions? If you dodge them I think it will be clear to everyone why you are doing so.
Posted on: 2013/8/14 19:50
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Re: An open letter to the Dog Owners of DTJC (brace yourselves)
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I agree 100%. That doesn't change the view held by me, and I'm sure many JC residents, that it would be great to see Morris Canal Park be something other than a glorified dog park. Quote:
I think lots of dog owners would prefer no development of the park if it meant that their dogs would be limited to a dog run and leash rules were enforced. That's pretty obvious.
Posted on: 2013/8/14 19:10
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