Re: Is Jersey City Real Estate in a bubble?
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Exactly. Most of the restaurant openings in Manhattan these days are just too expensive to frequent. Cosme is awesome, great wine list, amazingly balanced, assertive Mexican flavors that you just don't see elsewhere. It also costs $300 for dinner for two. I don't have to live next to it to go once every six months. The stuff opening in Brooklyn is both more aggressive/risky and way cheaper. Manhattan has bars and clubs closing right and left to make way for new Chase Banks and Starbucks. Brooklyn is getting more and more vibrant... and I'm starting to see some of that same stuff leak over here. Dale Talde was definitely signaling something by opening his stuff in DTJC, here's hoping that the trend continues.
Posted on: 2015/7/22 17:06
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Re: Need tee shirts!
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Home away from home
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I always use customink.com for any shirts I need printed.
Posted on: 2015/7/21 16:42
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Re: Is Jersey City Real Estate in a bubble?
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All these discussions are a little funny because (I'm going out on a limb here) most people talking here aren't traders. There's a massive difference between a price correction, which absolutely is going on as we speak in DTJC, and a bubble.
The fact is that DTJC has been systematically underpriced compared to Manhattan, Brooklyn, and Hoboken for a few years now. When spreads like that start to tighten, they can tighten very quickly, giving the impression that there is irrational behavior going on in the market, when, in reality, the behavior is entirely rational. Can I, or anyone, say that ONLY the former is happening, and not the latter? Of course not. Limited supply can very well cause asset bubbles, and we could be both bubbling AND correcting. But the question you have to ask yourself is whether it makes sense for luxury buildings in DTJC to trade at $500/sqft when walkups in Crown Heights are trading at $1000/sqft.
Posted on: 2015/7/21 15:07
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Re: Is Jersey City Real Estate in a bubble?
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I assume that he's talking about The Gannon, which has some of the worst layouts I've ever seen, and is still something like 50% under contract at very high per-sf values.
Posted on: 2015/7/21 14:28
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Re: Please Help Prato Bakery
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Your backyard is off-limits to commercial use. Do you not understand that you are exhibiting the exact same type of entitlement that you are deriding?
Posted on: 2015/7/21 14:18
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Re: Chick-fil-A, on the way!
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It won't matter, since I'll die en route due to the pedestrian plaza.
Posted on: 2015/7/20 19:59
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Re: Please Help Prato Bakery
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Seems like a whole lot of hurt feelings coming from you because I don't eat a specific brand of crappy fast food owned by a bigot. Weird.
Posted on: 2015/7/20 19:23
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Re: Chick-fil-A, on the way!
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Hmm. Let's see - is Cam Janssen the CEO of the Devils? Does he use the money that he makes from the Devils to run a foundation that spreads ignorance and funds hate groups? Oh, so WinShape only gives millions of dollars to one group of bigots now, instead of the many hate groups that they used to fund? Guess everything's okay.
Posted on: 2015/7/20 19:21
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Re: Chick-fil-A, on the way!
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Sure, I am now boycotting KFC, and have been retroactively doing so for the probably decade or more since I've consumed that garbage.
Posted on: 2015/7/20 18:11
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Re: Please Help Prato Bakery
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Well, then put up a fence, and make sure it isn't mirrored. Quote:
If you want to go outside while being separated from your neighbors enjoying the fresh air at an outdoor cafe, get a penthouse with a large terrace. If you can't afford one, stop whining.
Posted on: 2015/7/20 18:08
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Re: Chick-fil-A, on the way!
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Mmm, fast food chicken with a side of religiously-motivated hate. Delicious!
Posted on: 2015/7/20 17:59
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Re: Best brunch downtown JC
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I know, right. When I want brunch, I go to this underground warehouse in Bayonne. Ask for Little Tony, and when he shows up, sock him in the gut as hard as you can to prove that you're real enough for his not-at-all-phony Eggs Benedict. If you want a Mimosa with your egg white frittata, you're going to have to arm-wrestle Ivan for the privilege - you probably won't win, but as long as you give a good effort, he'll be glad to mix up some of his street Champagne and orange juice for you authentically. In all seriousness, though, I just had a really good brunch at Union Republic. Other than being slightly out-of-the-way, not sure why the place isn't more crowded.
Posted on: 2015/7/20 15:19
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Re: New Cafe Ordinance - Call to Action
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Or, we can continue to make our city more vibrant, walkable, and enjoyable to people who actually want to live in a city. Hopefully, those of us with half a brain will contact our elected officials to express how much we hope this ordinance passes.
Get the NIMBYs out of here.
Posted on: 2015/7/19 16:09
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Re: South House
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Apparently they had a semi-private preview event last night, and are opening right about now for a soft open tonight. Anyone been?
Posted on: 2015/7/17 20:13
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Re: Can Trenton be the next New Brunswick or Jersey City? Panel thinks so
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I mean... being a 45 minute drive from Philly is almost like being a 10 minute train from NYC.
Posted on: 2015/7/16 19:52
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Re: Please Help Prato Bakery
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And we're talking about a bakery, not a bar or club. Even if it was a full restaurant, we're not exactly talking about disturbing the peace, here.
Posted on: 2015/7/14 20:33
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Re: NJCU Downtown business school students face parking conundrum
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If they're going to NJCU, it's not like they're likely teeming with excellent other education options. They'll make do.
The more people have to rely on the light rail like this, the more pressure on NJT to improve service.
Posted on: 2015/7/14 19:35
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Re: Please Help Prato Bakery
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Oh no! Noise until midnight, my stars! How will they ever get up to till the fields in the morning? If you want peace and quiet, there's this place called "the suburbs". Urban life involves noise. You deal with it, and move on; or you deal with it by moving on.
Posted on: 2015/7/14 18:51
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Re: New Luxury Apartments Downtown - Suggestions
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I stayed at a friend's place in 18 Park for a month, and it's definitely a mixed bag - very thin windows make both temperature and noise a massive concern. This isn't terribly uncommon in new construction rentals, it seems, but if you're facing the courtyard, you will be listening to construction noises constantly, as the buildings directly to the south get built up. The concierge is very friendly and helpful, though; the amenity floor is nice enough; the interior design is good and the hallways are, well, uniquely Blade Runner-esque. Just make sure you're north-facing.
Posted on: 2015/7/13 16:14
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Re: Is Jersey City Real Estate in a bubble?
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And some of them will, but when said condo conversions happen, the buyers will have to price in the lower construction quality, the expensive through-wall electric heat/ac, the cheaper insulation, etc. Remember, DTJC still trades at or under $800/sqft, while similarly convenient areas of Brooklyn are frequently well above $1000/sqft. Convergence is far from guaranteed, of course, but there's a clear and significant gap that still exists.
Posted on: 2015/7/13 14:49
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Re: JP Morgan is looking for a $18M tax break to move jobs to JC
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This argument is idiotic. H1Bs represent the best and the brightest that foreign countries have to offer, and they want to come to the U.S. and contribute to our economy, culture, and diversity. Why is that a problem, at all?
Yvonne is overstating the number of H1Bs that a major bank hires (and, yes, the process of applying for H1Bs is a huge pain in the ass, so of course they would prefer to hire citizens), and Dtjcview is probably understating, but the point is that it doesn't matter. They work hard, they pay their taxes, they contribute to the economy. Citizen or no, they're a hell of a lot more "American" than the lazy-ass who can't even be bothered to learn a salable skill and expects a good job to be handed to him because he's a citizen.
Posted on: 2015/7/11 23:36
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Re: New Luxury Apartments Downtown - Suggestions
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Because the "professionals" you are talking about are professional salesmen, not professional advice-givers? The job of a RE broker is to sell you something - nothing wrong with that, but I'd rather read the relatively unbiased reviews of tenants than hear the incentive-skewed opinion of a broker.
Posted on: 2015/7/10 14:42
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Re: New Luxury Apartments Downtown - Suggestions
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Square footage that could be used for more livable room, I guess, especially since they likely wanted to maximize their rentable area given a restricted FAR. If anything, I consider it a pretty bullish sign about DTJC real estate prices going forward, since in the past, comforts like that were a main reason people moved here - the building is obviously targeted towards younger people who are less likely to call it a dealbreaker.
Posted on: 2015/7/9 17:17
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Re: New Luxury Apartments Downtown - Suggestions
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My sister looked at C&Co, thought it was very nice, but there are no in-unit W/Ds, at least in the 1 bedroom units she was looking at (same price range as OP), but with a laundry room on every floor, I assume they decided to go without altogether.
Posted on: 2015/7/8 22:04
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Re: What's going there?
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It's being restored (it's protected) in order to be used as a Public Storage location. There's a bit of a fight from the other self-storage companies, as they believe that it's supposed to be used only as apartments, but the restoration is going forward regardless, it seems.
Posted on: 2015/7/6 17:43
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Re: Developers reveal plans for 35-story tower at Jersey City Pep Boys site
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It's 12 minutes on the 2/3 or A/C from Fulton to Penn, not 15, and the walk from the 33rd street PATH to Penn is about 6-7 minutes. If you're going to the 8th Avenue side of Penn, it's absolutely time-competitive.
Posted on: 2015/7/1 19:46
Edited by JcDevil on 2015/7/1 20:13:35
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Re: Developers reveal plans for 35-story tower at Jersey City Pep Boys site
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Unfortunately, not really, because of the turnaround problem. They could easily run every 3 if it was a loop track like at WTC/Newark, but it would be something close to impossible to rebuild the 33rd Street station like that. The real thing that's going to ease congestion is going to be the WTC Transportation Hub. It will require a bit of cash, but going from Grove to WTC and transferring underground to the 2/3 will be a faster trip to Penn Station than the 33rd Street PATH.
Posted on: 2015/7/1 19:01
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Re: What's going there?
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I mean, after you've opened multiple restaurants in the regulatory hellhole that is NYC, I'd assume that JC was comparatively a walk in the park for those guys.
Posted on: 2015/6/26 15:54
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Re: TRD: Jersey City: The new Brooklyn?
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Oh, of course there's an "I live in NYC" effect that exists, but that doesn't really change my point. Brooklyn only recently became a destination onto itself, while 18 years ago, it (Park Slope) was mainly, as DTJC is in many ways now, a more liveable and less expensive yet still very close alternative to Manhattan. There are loads of people moving to NYC over the past 5 years who would rather, all else equal, live in Billyburg than Manhattan. That sounds insane to me, and completely inconceivable 18 years ago, but things change.
Posted on: 2015/6/15 21:01
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