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Re: McLaughlin Funeral Home sold their parking lot.
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Newbie
 
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McLaughlin selling their parking lot could definitely impact their business. These days, convenient parking is a huge asset, especially in busy downtown areas. If people start looking for more convenient locations, it could be hard for them to compete with other funeral homes that still offer adequate parking.
It’s always sad to see a long-standing business facing challenges. We’ll see how it plays out, but I think the lack of parking could be a significant issue in such a competitive environment. Greetings, Andrew 
Posted on: 8/12 15:14
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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LOL - ChatGPT bot. Didn't even have enough sense to create a new account before it replied to itself. Or realize that No one in JC is gonna give a crap about a funeral service in the UK.
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Posted on: 8/5 12:49
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Re: McLaughlin Funeral Home sold their parking lot.
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Newbie
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That’s really unfortunate about McLaughlin Funeral Home. Parking is such a crucial part of making things easier for everyone during a tough time. When my family needed to find a place for my grandmother’s service, we had a similar worry about parking and overall service quality.
Posted on: 7/26 8:15
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Re: McLaughlin Funeral Home sold their parking lot.
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Just can't stay away
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The old Introcaso-Angelo Funeral Home located downtown is now for sale with the approved plans.
https://www.redfin.com/NJ/Jersey-City/ ... k-St-07302/home/169449993
Posted on: 2019/11/7 1:07
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Re: McLaughlin Funeral Home sold their parking lot.
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Newbie
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And here it is finally the plans to build on the parking lot.
27-Story Development Planned
Posted on: 2019/11/6 22:24
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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Ok, I see the problem. You don't understand the difference between zoning and abatements, because you're conflating them. Please read up, including the links I posted a few days ago, along with NJ MLUL.
Posted on: 2019/7/22 14:49
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
Joined:
2007/3/19 18:28 Last Login : 2020/3/10 14:50 From hamilton park
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Quote:
I'll have the man & cheese, TIA
Posted on: 2019/7/22 13:56
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utterly deplorable
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
Joined:
2005/6/8 3:24 Last Login : 2022/11/28 0:04 From New Urbanist Area
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BOE is not selling their building for $6 million. The $6 million figure is an amount in the budget but represents a portion of what the building would be sold for amortized over several years. It is also possible that the BOE instead enters into a lease or net lease of the property.
Posted on: 2019/7/22 13:48
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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When Cotter spoke in 2015 it was Fulop speaking. Nothing has changed. Traditional zoning has been tossed for a new way of getting it done. Nothing need be codified if its stamped with the city seal. Unless challenged in a court it stands ala the Kushner case where Fulop reneged on an abatement because his very good friend Jared is Trumps son-in-law. It was a totally manufactured event for the public eye. "Would'nt look good to my constituents if I was nice to Trumps family" Of course he said just a few years ago, lost on everybody, that the "Trump brand is a good thing for any American city."
Posted on: 2019/7/22 11:13
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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Well fortunately (or unfortunately, depending on your point of view) the real estate market isn?t moved by something the (former) Planning director said at a conference once. The land isn?t worth 100 stories of development right until that development right is codified in the documents I linked previously, or a site plan approval. Developers and speculators may believe that 100 story development right may come someday but they can?t pay 100 story development right prices for land with 5 stories of right today. They?d have to get the land at a much lower price today to account for that risk. I pray you understand that so that we can move on from this primer.
Posted on: 2019/7/21 20:04
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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BL: The new era of development standards was announced to the world at the CTBUH conference ,2015, in NYC. Planning Director Cotter proclaimed " taller buildings, no height limit"; the traditional zoning code from the 1920's has been left behind." JC was a platinum sponsor of the event, gave tours to dozens of developers. Fulop was there in NYC to speak...later denied knowing anything about it...Zoning & Planning Boards uninvited etc., etc. & so forth... So I know from where I speak !
Posted on: 2019/7/21 18:23
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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Yvonne, why the Board of Ed building was sold at a loss is a good question, but completely unrelated to whether or not the McLaughlin lot is worth $16 million.
The Board of Ed building is in the Neighborhood Commercial zone, which allows a maximum of 4-5 stories (depending on parking requirements of the lot itself). The McLaughlin parking lot is in the Homestead Extension Bonus zone of the JSQ Redevelopment Plan, which allows up to 27 stories (if the lot has sufficient square footage). That difference in development right alone can explain a difference of millions of dollars in market value for a piece of land. Contrary to popular belief, you can't just build a 100 story building anywhere you want. Here's the zoning map: https://www.jerseycitynj.gov/UserFiles ... ng%20Map%202019.01.04.pdf The zoning code:https://library.municode.com/nj/jersey ... RTVZODEST_S345-45NCNECODI The JSQ redevelopment plan:https://data.jerseycitynj.gov/explore/ ... lopment-plan/information/
Posted on: 2019/7/20 22:07
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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BL: Like Duuu-uuuhh!! Talking Light Rail don't pull no gravy. Nonsense...Every piece of property in JC or Bayonne or any city
nearby has escalated in value several times over. The Board of Ed building at Claremont & West Side is in the midst of SOHO, Bayfront, NJCU with H-U-G-E parking lots with the potential of "by right" ability to create 100 story towers. There's no zoning left in Jersey City only redevelopment plans that are tailored to the individual developer. The gravy train is roaring through!
Posted on: 2019/7/20 20:48
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Re: McLaughlin Funeral Home sold their parking lot.
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Just can't stay away
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If you need the money but want to hold onto your business for a few more years you might sell off your parking lot for $16 Million. We don't know their situation. I wouldn't be surprised if the limo driver would have sold if he were in the same situation. Maybe he would have sold it for $5M.
Posted on: 2019/7/20 14:37
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Re: McLaughlin Funeral Home sold their parking lot.
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Newbie
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Speaking to a limo driver in the funeral business said funeral homes always wish they had more parking. The bigger the better for lining up cars the morning of a funeral procession. You generally would add to your parking not sell it at any price.
Posted on: 2019/7/20 4:18
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Re: McLaughlin Funeral Home sold their parking lot.
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Just can't stay away
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It does sound strange. I thought that part of JC was booming. I cannot think of any other part of JC where you bought something 25 years ago and it is now worth so much less. Bought for $9 Million and now sold for $6 Million? Perhaps the developers promised to build something in exchange?
Posted on: 2019/7/17 18:49
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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Yvonne, You asked for an explanation, and JCGuys provided a good one. To elaborate on his point, land in JSQ where the zoning allows tall buildings is far more valuable than a piece of land with a smaller existing building by the WSA light rail stop, that does not come with the same development right.
The value of land includes accounting for what the buyer can do with the land. That's why you see so many speculators grabbing up land, and then going before the zoning board or the planning board to get approvals for much more than what zoning allows, and then selling the land for a much higher price. The land is more valuable if you can build BIG than if you can't. And JSQ is a part of the city where you can build really BIG.
Posted on: 2019/7/17 14:34
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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I see... So that's your informed response to my post which addresses none of which I said. It's like I say "It's raining out" and you respond "I'll have the macaroni and cheese".
Posted on: 2019/7/17 9:13
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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Quote:
Development rights are a little higher in JSQ than by the light rail...
Posted on: 2019/7/16 20:29
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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$ 16 Million for a vacant lot and the JC Bd of Ed is selling their 7 story, solid building, plus huge parking lots, next to a Light Rail Stop for a paltry $ 6 Million which the city bought 25 years ago for $ 9 Million. Let's see how this is explained.
Posted on: 2019/7/16 19:42
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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Sweet! I'll bring the popcorn.
Posted on: 2019/7/16 2:25
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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Ho ho ho, this one is rich. The "Build Nothing, Nowhere, EVER" NIMBYs that run the VNA decided to sue the city for approviing this project that was originally going to provide because they didn't like one extra floor of units (that was going to be setback from the street anyway). The developer then decided to go the path of least resistance and build as-of-right, which to the horror of the parking NIMBYs in the neighborhood, included retail instead of parking. So now half the neighborhood is up in arms at the self-appointed idiots that run the VNA because of this lack of parking. Hopefully this is the start of a NIMBY civil war in the VNA and they'll be too paralyzed to initiate their pointless lawsuits in the future.
Posted on: 2019/7/16 1:47
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Re: McLaughlin Funeral Home sold their parking lot.
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Newbie
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You would think funeral homes would never go out of business but there use to be way more in Jersey City. A number probably have closed in recent years because the property is worth so much more than the business. Gone recently are Bromirski, Introcaso and Houghton which were around for many years. Probably a few more went out of business I can't think of.
The busiest ones left I believe are the 3 larger facilities mentioned with significant parking; Greenville McLaughlin and Riotto. There are a few smaller funeral homes left also but I don't think they are as updated.
Posted on: 2019/7/15 22:49
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Re: McLaughlin Funeral Home sold their parking lot.
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Just can't stay away
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I heard the old funeral home on Brunswick St. is presenting new plans. 4 story mixed-use with 26 residential units and commercial space on the ground floor. There will be no parking. The hearing is next week.
Posted on: 2019/7/15 20:44
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Re: McLaughlin Funeral Home sold their parking lot.
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Newbie
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Good research (neverleft) it may be part of that project. The funeral home also owned the property across from the lot on the other side of Homestead Place which runs between Pavonia and Van Reipen so it may very well include all of that.
Posted on: 2019/7/15 19:07
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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I wonder if it will part of the Homestead development. It includes a few properties that span from Cottage Street to the Path Center. Some kind of Homestead Walkway from Cottage to Van Reipen to Pavonia. With retail and restaurants along the way. Goggle homestead place development jersey city I got this from skyscraperpage.com Homestead Walkway, Journal Square Namdar Group (Effy Namdar- Homestead Assembleage LLC) Phase 1: 27-story building with 350 units and reconstruction of Synagogue at 35 Cottage Street Phase 2: 25-story building with 220 units at 26-28 Van Reipen Avenue Phase 3: 20-story building with 180 units at 26-28 Cottage Street All fronting a new pedestrian walkway called the Homestead Walkway from Cottage to the PATH connection at Journal Squared.
Posted on: 2019/7/15 17:52
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Re: McLaughlin Funeral Home sold their parking lot.
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Newbie
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I have no information on what will be built. My friends from the city and a realtor told me it was sold for well over 16 million so the development must be huge. Funeral homes in New York City have no parking so people are use to public garages. Though, here in Jersey City, there are a few funeral homes with more convenient parking.
As for on site ground level parking, it appears Greenville and Riotto funeral homes have the largest parking lots. I probably will choose one of the other funeral homes going forward as they all seem to have good reputations reading online reviews and from what I've seen paying my respects over the years. Does anyone have any personal experiences with any of these other funeral homes?
Posted on: 2019/7/15 17:40
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Re: McLaughlin Funeral Home sold their parking lot.
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I have spoken with Maryellen McLaughlin and most of this information is correct. The lot will be sold but they will have exclusive use of it until developers break ground which will be about two years. They also have secured parking that will be validated in the lot next door so they will NOT be closing THANK GOD!
Posted on: 2019/7/15 15:54
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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It's literally next to.one of the largest parking garages in the city!
I respect McLaughlin for not selling out. It also makes sense to sell the vacant lot since it would be cheaper just to offer validations at Journal Sauare garage than to keep the lot underutilized.So, TimmyTimBuckTwo, any details about what this new building would be?
Posted on: 2019/7/15 13:54
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Re: McLaughlin Funeral Home sold their parking lot.
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Home away from home
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There was many funeral homes downtown but they did not have adequate parking, when McLaughlin opened up, it took away their business due to their parking. Now I wonder how long, they will last. Greenville and Riotto still have adequate parking. I still remember of friend telling me his relative got a boot on their car when they came to a downtown funeral home to attend a wake.
Posted on: 2019/7/15 12:35
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