Re: Australians investors buying up Jersey City housing
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Home away from home
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Quote:
Grasping at straws I see. Don't dismantle my argument, but question my credentials. And no, i'm not a realtor nor am I a Republican.
Posted on: 2015/4/14 13:55
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Re: Australians investors buying up Jersey City housing
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Home away from home
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The only solution to a housing shortage is more housing, not income-based carveouts. It's economically illogical. But we have our NYC-area zoning regs and barely-functioning govt processes to thank for the undersupply.
Gentrification merely represents a change in the demand equation. The lack of supply means the wealthy move in because the rest can't afford to. Build more and that eases the pressure. Will there be short-term pricing disruption? Yes. The response isn't to clamp down on property rights.
Posted on: 2015/4/14 13:37
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Re: Jersey City Mayor Seeks to Limit Chain Stores Downtown
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Quote:
So in other words, govt knows what's best for the consumer. What a waste of taxpayer resources on this issue.
Posted on: 2015/4/13 17:40
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Re: Jersey City Mayor Seeks to Limit Chain Stores Downtown
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Possibly because it's mostly private land so something was probably negotiated with the Lefraks. Either that or because Newport is beyond redemption given its 80s-era street setup.
Posted on: 2015/4/9 15:24
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Re: Armed Robbery - Light Rail - 6pm Sunday
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I do see a lot of feral teens at certain times of day on the LR, often after school's out. And the Newport stop attracts a very trashy demographic. I love the LR, but not always the folks who use it. The whole honor code when it comes to using it doesn't work if folks don't have any honor.
Posted on: 2015/4/7 17:25
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Jersey City Mayor Seeks to Limit Chain Stores Downtown
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http://www.wsj.com/articles/jersey-ci ... tores-downtown-1428369339
Jersey City Mayor Steve Fulop wants to limit chain stores in downtown neighborhoods, joining an urban debate over whether cities should boost policies that favor mom-and-pop stores over chain retailers. Under the new rules, only 30% of commercial space downtown could be rented to a business that has 10 other properties within 300 miles of Jersey City, according to a proposed draft. Since many of the best-known chain stores and restaurants have many more properties than that, Mr. Fulop is trying to dramatically limit chain businesses. ?Applebee?s isn?t exactly a food destination that attracts people from all over the region,? Mr. Fulop said. He added: ?We don?t want every retail space to become a Gap, TGI Fridays or a Starbucks.? A spokesman for DineEquity Inc., which owns Applebee?s, declined to comment. Mr. Fulop said the proposal, which he plans to announce at a City Council meeting Tuesday night, has angered some developers but has won praise from some local businesses. In places such as San Francisco and Nantucket, Mass., rules have limited chain retailers from locating in certain neighborhoods, and local officials have been praised for keeping an eclectic mix of coffee shops, boutiques and restaurants. Proponents of such rules, who include neighborhood activists, urban planners and coalitions of small retailers, say regulations maintain the character in neighborhoods and keep rents down for small businesses. In New York, neighborhoods such as the Upper West Side have become saturated with bank outposts and yogurt shops. Manhattan Borough President Gale Brewer and other officials have pushed new rules that are designed to help small businesses keep their leases. Critics say limiting chain businesses is discriminatory and that the free market should determine who takes retail spaces. Many residents want banks and other chain establishments nearby for convenience, and others depend on them for jobs. Tom Bracken, president of the New Jersey Chamber of Commerce, called the Jersey City proposal ?ridiculous? and said Mr. Fulop would regret imposing new regulations on businesses. The city?s gains, he said, could be reversed. ?The last thing you want to be doing is turning away business,? Mr. Bracken said. He said no other New Jersey city had tried such a policy. Jonathan Bowles, executive director for New York-based Center for an Urban Future, said he supports the idea of regulating development. ?It just becomes difficult to draw the line on when you can?t have a business somewhere,? he said. Benefiting from its proximity to New York City, Jersey City?s commercial and residential development has surged in recent years, in contrast with sluggish growth in other parts of the state. Still, Jersey City is far less developed than some other places that have tried to curb chain businesses and is hardly a tourism destination on its own. Jersey City is defining a chain business as one that is contractually obligated to maintain a facade, menu items, merchandise or color scheme, among other qualifications. Grocery stores aren't affected by the proposal, according to the draft ordinance. Downtown streets have neighborhood bars, restaurants and shops, along with restaurant chains such as Five Guys and Qdoba. The city has boomed with new condominiums, even as pockets remain crime-ridden and impoverished. Some have criticized Mr. Fulop for focusing too much on downtown, though he has announced developments in other parts of the city. Mr. Fulop is eyeing a 2017 bid for governor and intends to sell the city?s story as part of his campaign. His administration is marketing Jersey City as the best midsize city in the country, spending more than $1 million on an ad campaign. Some business officials and developers question whether the city?s economy is strong enough to turn down any development. Mr. Fulop said limiting chain stores and restaurants would prove to be a smart long-term strategy. ?If you look forward three, four, five years and Jersey City is filled with franchise and formula-based businesses, it would no longer be a place where you would see the continued growth,? he said. He has won over some developers, including David Barry, whose Ironstate Development has built several high-rises downtown. Mr. Barry said it would be easier to attract residents to a diverse downtown. David Massoni, who owns two restaurants in Jersey City, said development has brought a ?renaissance of sorts? that could be hurt by big-box retailers. Parts of Jersey City remind him of Brooklyn, where he operates three other restaurants in Park Slope.
Posted on: 2015/4/7 13:35
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Re: Tilted Kilt - Pub & Eatery (&boobs) - CLOSED
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Couple of factors at play. DTJC is less populated than your average BK nabe. So there's just less custom. Also, The better joints are closer to the grove path, so location plays a part as well. Bears noting that places that get the product and service mix right are thriving in even less than ideal locations. See eg Kitchen at Grove. The view is shit, and the building is ugly. Yet the interiors compensate and the food and service is excellent.
Posted on: 2015/4/2 0:36
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Re: Tilted Kilt - Pub & Eatery (&boobs) - CLOSED
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Home away from home
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Quote:
Nobody knows. Dean Geibel is a douche evidently.
Posted on: 2015/4/1 1:29
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Re: Tilted Kilt - Pub & Eatery (&boobs) - CLOSED
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Few people living above TK had anything nice to say about it. It's a family-heavy building with a sizeable gay population as well. 225 Grand and 18 Park are not much different in terms of demographics. Neither group was a logical target for this joint. So they more or less missed out on a built in population base.
I'm hoping for either a bake shop, a high end bodega like Hudson and Greene, or sushi joint.
Posted on: 2015/3/31 11:10
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Re: Jersey City Tilted Kilt
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A couple of weeks ago. I live in the building above it. Good riddance. Everything sucked about the place.
Posted on: 2015/3/31 1:26
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Re: The Centenary at hamilton Park
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The beauty of market forces is that the price will hold if folks want to pay. Certainly a beautiful neighborhood with great street life and retail. A bit far from the path and the local PS still has some way to go.
Posted on: 2015/3/29 22:28
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Re: Info about JC school system
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Home away from home
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Check out www.parentheses.co as well. Parental insights on local schools. Some fees involved but a great product.
Posted on: 2015/3/23 23:30
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Re: Heights Survival Guide - buy car vs. car share/UBER?
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I'd say between uber and zipcar your periodic needs will be met mostly. That said if you can sort out the parking aspect, there are plenty of inexpensive used car options on autotrader.
Posted on: 2015/3/8 15:21
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Re: Developers reveal plans for 35-story tower at Jersey City Pep Boys site
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Home away from home
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Rent control is against basic economic logic. It just encourages system-gaming, disinvestment and wealth transfer from later arrivals to early arrivals. The solution to demand is not restricted supply, it's more supply.
Posted on: 2015/3/4 21:26
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Re: Jersey City: Moving beyond the 'Gold Coast'
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Well put. I loved my walk up Ogden. I think instinctively we like to reach for the security of rail-based 24/7 transit as buses are still in the process of shedding their "poor people transit" stigma.
Posted on: 2015/2/27 22:06
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Re: 42-story residential tower on tap for Journal Square
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Home away from home
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Don't be silly. Of course it's growing. It's adding people, buildings and infrastructure. It's historical peak population was well above what it is today. If anything, it is re-birthing. Communities are live organisms that evolve or die. What they evolve into may not suit you, but it's still an evolution.
Posted on: 2015/2/27 15:40
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Re: $37.2 million tax break lures retailer to Jersey City waterfront
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You're leaving out the real estate and construction industries. More bodies here mean more work for them. And RE/construction + associated maintenance are huge economic multiplier industries.
Posted on: 2015/2/23 14:31
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Re: $37.2 million tax break lures retailer to Jersey City waterfront
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Home away from home
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Evidence, other than noting all the brown people in Newport living in high rises?
Posted on: 2015/2/21 12:36
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Re: 33 Park Avenue, Two 44-Story Towers Coming to Jersey City
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It'll be next to 18 Park, either across (and thus South) from it, or next (and thus West) to it. I suspect St. Peter's street is one of the as yet unbuilt but planned LHN streets.
Posted on: 2015/2/19 14:49
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33 Park Avenue, Two 44-Story Towers Coming to Jersey City
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http://newyorkyimby.com/2015/02/revea ... oming-to-jersey-city.html
"No completion date for 33 Park Avenue has been announced, but the necessary approvals are already in place."
Posted on: 2015/2/19 14:29
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Re: 13 major development projects that could change N.J.'s skyline
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Home away from home
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I take the NWK-WTC line. The worst of the crowding appears to be between 8:30 and 9am and even then it's limited to certain cars closer to the entrance.
I've adjusted my time to 8am and the crowds have been much lower. I've also adjusted which car I take, so all in all, no issues.
Posted on: 2015/2/18 17:37
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Re: Anybody know the GRM (price/yearly rent) of typical Downtown condos?
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Any math you do will be rendered unhelpful with all of the inventory coming to market in DTJC alone over the next 12 months. Much obviously depends on how much you put down. The more you put down the less sensitive you are to price fluctuations.
That said the demand for larger units (2+ beds) that can house young families will be where the action is. Speaking from anecdotal experience here.
Posted on: 2015/2/16 3:23
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Re: North Bergen woman indicted in death of Jersey City bicyclist, report says
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I hope they throw the book at her. Drunk driving, if in fact that was the case, is simply inexcusable.
Posted on: 2015/2/10 15:32
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Re: Property values skyrocket in Hoboken, taxes skyrocket in Jersey City.
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Home away from home
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Quote:
Cool story bro.
Posted on: 2015/2/9 19:58
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Re: Property values skyrocket in Hoboken, taxes skyrocket in Jersey City.
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Home away from home
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Yes, we can all read, thanks. But that still doesn't make it a good analysis or good journalism. Inwood and Tribeca might as well be in different states, and yet they're both in Manhattan, rendering any "averaging" across the island pretty meaningless.
Posted on: 2015/2/9 14:58
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Re: Property values skyrocket in Hoboken, taxes skyrocket in Jersey City.
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Home away from home
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Quote:
Exactly. Bad journalism strikes again. Hoboken is really just one neighborhood like a Harlem or a Tribeca, even though it's, legally speaking, a city. My DTJC home is up almost 60% in value since I bought it 3 years ago.
Posted on: 2015/2/9 14:09
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Re: High-rise development at Metro Plaza (Shoprite, BJs, Pepboys)
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The property developers aren't going to care about all of the keyboard muscles on display in and on this forum. They're going to build in whichever manner that maximizes their interests. That will likely mean fewer parking spots or limited DTJC Home Depot style rooftop parking, or paid parking. Density is the reality toward which we're headed. Those accustomed to driving to stores downtown will end up heading outward to costco et al to do large batch shopping. Once you have a car, doesn't really matter if you're in DT or edgewater.
Posted on: 2015/2/8 22:37
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22 Reasons Why You Should Never Visit New Jersey
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Posted on: 2015/2/6 20:16
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Re: daycare feedback & recommendations
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No idea on pricing, but Early Learning Academy next to the Marin Blvd HBLR stop is quite popular.
Posted on: 2015/2/6 18:53
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