Not to start trouble, but Little India is a rather foul, dirty little place, in need of a major overhaul! Not to knock the Indians, as the whole area could use real help.....

On another, more positive note, has anyone visited American Can that has also viewed the Beacon? How do they compare, and what is your preference?

Get over it!! You dont know me and dont assume anything!!!!

The words are what they are!

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.... I could tell in your previous post in this thread that your fingers were just aching to type those words. It was just a matter of time til you got brazen enough & showed your true feelings.

Are you implying that the "smell of curry" permeates throughout the "little India" area? Or is it really the people that you are implying that "smell of curry"? Seems to me the latter & not the former. Either way, sounds ignorant.

you missed y poiint!! i dont drink caramel latte!!

thats all there is, is little india!! when if you dont like indian food or the smell of curry????

Hoboken and downtown have many diverse restuarants, italian, spanish, indian, japanese, etc. all journal sq is is little india, thats my point!!

If not for Little India, that area would be derelict.

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Cultural enclaves such as Little India help to foster a sense of DIVERSITY and lend CHARACTER to our still metamorphasizing city. Like Worm said, cookie cutter luxury condos are not the end all, be all. The more interesting and culturally robust the city becomes; the more people will want to live here. The more that happens, the more developers will want to build and others will want to rehab. The more all this happens, the more likely you will get an influx of the precious little stores you ache for coming into the neighborhood. It is an evolving process and it will take a synergy of varied forces. Try to remember that when you're sipping a caramel latte' somewhere in Journal Square a couple of years from now.

That’s what so great about Little India.

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Believe it or not, there are people who do like areas that are not as cookie cutter pretty/trendy as Hoboken or Pavonia/Newport. Besides, if the American can bldg was located in an area that already had your definition of "nice stores" do you really think you could get in at the prices they are offering?

whats so great about Little India? If you dont like indian food or culture, you dont care about little india. I wish there was more around here BESIDES little india. thats the problem. too many condos, not enough different stores, shops, (nice stores). thats why most people go to downtown or hoboken to do much or all of there shopping and entertainment.

These ones.

What new towers?

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Have you been reading up on real estate lately? I am not sure you are in the right city if you are looking to "flip" a property you don't even own yet. You might not even be in the right country.
I think that the market for real estate for Jersey City, while still holding strong, is not going to see a huge rise in prices any time soon. You should probably continue renting or look in an area you have an interest in staying in for a while.
The area surrounding the Canco lofts does lack the kinds of stores you might find downtown. But it is a stone's throw away from little India and all the great food/grocery that area has to offer. Also, with the two new towers going up in Journal Square, the pressure to provide those basic ammenities is growing. You just have to be willing to wait it out for a while.

i took a look the first day the sales office was open. i was really looking forward to being able to buy a new luxury 1 bedroom for under 300k.
however, when i saw what was available, i wasn't THAT impressed.
the 283k one bedroom apartments are on the 1st floor only. your view will either be a parking lot on the south side, or eye level with the 1/9 & Pulaski on the north side.
the one bedroom's bathroom has a bathtub that is very deep and hard to step in. it actually appears dangerous. they also don't come with a curtain or shower door. are adults really taking that many baths? i told the agent that, in my opinion, the tub was too high, and that a sliding shower door would be nice (especially with the prices they are asking). all i got was a shrug.
the other thing that put me off was that i couldn't get an accurate answer as to what the monthly fees would be. i can't sign myself up for a high mortgage, without knowing what my additional monthly fees are going to come to.
i may be very wrong, because i don't know the neighborhood very well, but it also seemed that the necessities a neighborhood needs, weren't there. the retail spaces of the canco property have not been leased, so you'd be left crossing your fingers hoping a supermarket opens.
i was hoping to purchase one at the opening price, and maybe sell it when they are completed. the problem with that is, they are working in phases in different towers of the can company. so, if i bought one in tower 1, in a year i dont think id be able to sell it because buyers could buy inexpensively in another tower. i am not sure there will be enough buyers to allow me to 'flip' mine.
please feel free to comment. i am not a real estate expert, so i would really appreciate some informed commentary.
thanks!

St johns is very nice. My brother lives there. 201 St Pauls is the nicest and best mainrained of the bldgs. you are right, they are not new, but very well maintained with 24 hr dorman and security.

property taxes come to about 1.5% of the sale price. this is seperate from maint.

This is very helpful. Does that mean there will be no property taxes on these condos?

Hi,

Is there a decent view from this building. Seems to overlook the busy flyover, the train going by, etc. Do you know what the maintenance and property taxes would be on this? Another great option is the complex at Saint Pauls avenue - Saint Johns Condominiums. Seems to have much nicer view and is very well maintained. Much cheaper too ($350/ft) with lower maintenance and taxes. The building is obviously older but v well maintained. Did you explore that option? Your thoughts.

Thanks.

you don't need it...but its included in the maint.

Sales office is open. I purchased one. 31 units have been sold.
pricing ranges about $425 sq ft. the cheapest unit is $283K for a one bedroom about 700sq ft

Is there office open yet? Is there any easy transportation options from this building?

I don't know but the discrepancy between reality and the visuals on their web site is prize-worthy.

And from the contact page:

Canco Lofts Sales Center
50 Dey Street
Jersey City, NY 07306 (sic)
(201) 876-8686
info@cancolofts.com

http://www.cancolofts.com/


Also see -- http://www.zwire.com/site/news.cfm?ne ... =461&dept_id=523586&rfi=6

Who is the realtor for the Canco lofts/ American Can Company beulding that is being renovated. Anyone know the pricing, etc?