07310 wrote:
Quote:

jcdd wrote:
MIkeyTCB - mark my words - there will be families moving in to these condos, they will have young children, and yes, there will be a good percentage that will send their kids to PS16. PS16 is generally considered probably the "best" of the public elementary schools in JC. But it already has capacity issues, as does the entirety of the downtown elementary schools. The City needs to do something quickly to deal with this problem. We need new schools built in downtown. The population boom is happening here.

If these condos are priced at the high end as we all suspect. The people who can afford these will not be sending their children to JC public schools. They will be in private schools. I also think that these places will not be the primary residences for most of the owners similar to the high end condos in Manhattan which are not the primary residences of these owners.

bodhipooh wrote:
Quote:

hero69 wrote:
somewhere i mentioned that jersey city should require developers to put up stylish buildings in exchange for tax abatements instead of the ugly sh-t that is currently going up.

http://therealdeal.com/blog/2015/01/1 ... d-for-yotel-williamsburg/

Are you suggesting that is a stylish building?? That's a FUGLY design that is completely out of place with the character of its surroundings. I am all for development and improving neighborhoods (heck, I am almost always baffled by those that rant against gentrification) but this is atrocious overall. This is what the area looks like now:

Google Maps - Street View - 646 Lorimer St.

donnajc65 wrote:
I would not be surprised to see this in the Powerhouse! It is the same concept Cordish wanted early on. Now that he is getting a green light from the city, this could be in the works for the Powerhouse.

ianmac47 wrote:
Quote:

Conformist wrote:

Rents go up because of demand, not because of how rich the people moving in are. If enough artists want to live in an area, prices go up, and only the artists who can afford it will live there--possibly with aid from family or income from bartending or by sharing apartments or rooms.

Upward price adjustments are limited by the incomes of the people who are demanding it.

It doesn't matter how many people want an apartment if each individual has a maximum buying power of $22,000. An apartment won't rent for more than that. The only reason it does is because someone comes along with more money.

That is, if there is 1 apartment and 10 Artist Abbys each with $22,000 a year, it doesn't matter that there are 10 people willing to pay $22,000, it won't rent for more than that maximum price provided that is the maximum they can pay. The apartment only rents for more than when Lawyer Laura comes along and offers $155,000 for it.

The real conflict then isn't Blue-Collar Bill and Middle-Class Mike, each earning $50,000 are in conflict with Artist Abby. Its that Lawyer Laura comes along and fucks all of them.

ianmac47 wrote:
If you want to know what's driving the rapid increase in price per square foot, its going to be the bankers, lawyers, and other professional service members with six figure salaries. Its not the graduate students or writers and artists who work part time as waiters and bartenders and tattoo artists, even if they are getting a few dollars from their parents in the midwest.

Consider for a moment what you are actually talking about here.

Lets say Artist Abby works 20 hours a week at some menial service job like sales clerk, leaving plenty of time to pursue her art and music career. Very generously, her parents cut her a check for a $1,000 a month, which is a lot but its expensive to live in the big city and Artist Abby is going to be a brilliant artist one day. Art Abby is living on a solid $22,400 a year (that's $10,400 working an $12,000 from her parents).

Now lets say Lawyer Laura just landed a first year associate job at one of the big law firms. Times are tough, and base salaries haven't increased since 2007, so she only starts at a measly $160,000. She's also going to make $20,000 in student loan payments this year, so right off the top she's down to $140,000. Oh, wait, bonuses for the class of 2013 were $15,000, so Lawyer Laura earned $155,000 this year.

So who is renting the luxury high rise for $3,000 a month and who is sharing an apartment with that weird English grad student who walks her cat around the park?

Pebble wrote:
Quote:

corybraiterman wrote:
http://www.nj.com/politics/index.ssf/ ... _cowboys_owner_jones.html

honestly, you can't make this sh!t up.

On Monday, NJ Advance Media reported that Christie?s recent trip by private jet to watch a Dallas Cowboys game from the luxury skybox of the NFL team?s owner, Jerry Jones, was paid for entirely by Jones.

Today, the Wall Street Journal reported that the NFL franchise, in partnership with the New York Yankees and investment fund Checketts Partners, all have a stake in Legends Hospitality, which won out in bidding to operate the observatory of the Port Authority controlled One World Trade Center when it opens later this year. Financial terms of that pact were never released to the public.

A Port Authority spokeswoman, Erica Dumas, said the 15-year agreement with Legends to operated the WTC1 observatory would generate $875 million for the agency. However, Dumas declined to provide details of the agreement or say how many other firms bid on the contract.

With the Yankees as the other part owners of Legends Hospitality. It wouldn't surprise me if Cuomo pushed for this as well.

ianmac47 wrote:
There is a fundamental difference between an upwardly mobile minority population ascending into a higher social class and entering into a domain that traditionally prohibits them -- that is, a black family working into the middle-class and buying into a white neighborhood -- and bourgeois whites descending upon a working class neighborhood simply because they can and the people living there lack the financial solvency or legal status to remain.

The transformation of upper and middle-class white neighborhoods into upper and middle-class black neighborhoods is not at all the same thing as rich white assholes buying up property in neighborhoods filled with poor minorities and displacing them.

user1111 wrote:
Yes, this is true. They were Black Jews

Yvonne wrote:
That is not true, just recently the municipal court workers, will lose parking which is required by contract. The city sold the parking lot they use during the day and the residents use in the evening. It is also used by people who attend the board of ed meetings at School 11. Now the city will have to spend tax dollars to build a parking deck behind the courthouse for workers but people in the neighborhood are out-of-luck.

jcguy05 wrote:
Quote:

craigslistdiva wrote:
Quote:

They did look at Hoboken/Jersey City but could not find a good location yet (according to company spokesman Mr. Sinatra). A main factor affecting good location imo is accessibility. I wouldn't build a WF here unless I could plop it somewhere on Columbus.

I truly don't want to beat a dead horse (this debate has been going on for a very long time!) but shut down the POS Pathmark; plenty of existing parking, already set up for a grocery store and is accessible by car to people that drive (next to the high way), accessible to people by light rail (by the hospital). That area is in some dire need of rehab and an anchor such as WF will assist with just that.

The best location for wholefood is the abandoned powerhouse by 2nd street and washington.

The location is perfect - accessible by all public transportation, and walkable from all surrounding highrises. In the idea world, jersey city will offer WF tax breaks/incentive and WF will renovate the powerhouse and move in. So the neighborhood can finally solve this long time problem and avoid putting another highrise there.

But it will never happen, because we are in JC.

tommyc_37 wrote:
Does anybody have any intel on what's going into the ground floor of 18 Park?

Annod wrote:
They probably surveyed the hardest working zipcode.

http://jclist.com/modules/newbb/viewtopic.php?post_id=365086

user1111 wrote:
I would love DTJC to be its own city , but lets be realistic without the rest of the city dtjc would not exists. The other parts of the city are subsidizing the high-rise welfare queens.

Chris_NJ wrote:
I rarely walk out of this side of JSQ. Has the work been going on there the last month?

jerseymom wrote:
07311 is located on one edge from the Hyatt property by Exchange Place to the other edge on Second Street - extending below Hudson Street.

See map here:

http://www.maptechnica.com/us-zip-code-boundary-map/zip/07311

Voyeur wrote:
Quote:

fat-ass-bike wrote:
Just another building that puts a strangle hold on property prices / values - Those that have bought in the past 10 years will never gain any rise in property prices as new apartments are being sold for the same amount; but maintaining a profitable margin to build them!

It seems that all of the new high rise construction both downtown and in JSQ is "luxury rental". As discussed elsewhere on this board, developers are choosing (or are restricted through financing terms) to construct rentals rather than condos. We see this from the Maddox and York at Warren to URL and the Majestic II across from City Hall.

If that is and continues to be the case, we might expect the glut of supply to stabilize rental prices downtown, but I would expect the impact on condo prices to be negligible since the supply of units to purchase is remaining static.

In fact, if more renters move here and decide they want to buy, the influx of newcomers might even drive condo prices up as demand increases but available inventory remains unchanged. I might be wrong on that point, but in any event, I can't see the flood of new rental inventory being a depreciative factor on real estate prices in DTJC.

Pebble wrote:
Quote:

JCishome wrote:
Very sad. If you walk around and pay attention, you'll be struck by the huge number of churches downtown - and by their size and the fact that they each housed large, active congregations in their day. And in a post-Veterans Day vein, take note of the plaques listing the members who served and died in WWI and WWII; dozens from each church.

We live in a very different world.

In some ways, this can be viewed as a positive.

I do hope the buildings are not bulldozed over and turned into a residential units. A clever entrepreneur should view these buildings as possible bars and restaurants.

K-Lo wrote:
Just throw on two more cars now and make sure the Grove Street people don't get on the front and back car? Why is that so difficult? The LIRR has been doing this for years.

Voyeur wrote:
The proposals give a vague sense that the existing retail will be replaced:

Replacement of one story stand-alone retail structures with multi-use, multi- story structures situated on new City Blocks with ground floor retail and new planned public thoroughfares, public parks, and plaza spaces.

I would say that replacement retail is essential given that getting rid of BJ's and ShopRite would leave only A&P, Key Food and PathMark as the downtown supermarket options.

And even if the mythical Whole Foods ever gets built, are they going to accept the EBT cards that a large proportion of the ShopRite customer base relies on?

As for the PATH, none of these developers give a damn about the already chronic rush-hour overcrowding situation. And I think City Hall has already conceded that nothing can be done - or will be done by the Port Authority - to increase PATH capacity beyond signal upgrades to allow trains to run directly behind one another.

I'll wager that when it comes to a vote the city council will approve this development with a shrug of the shoulders, lamenting that it will dramatically compound existing congestion on the PATH, but since nothing can be done about that, they'll argue we may as well approve it with a hefty tax-abatement and collect the PILOT funds and let the NYC commuters just muddle through somehow.

That's the inspired municipal leadership we've come to expect in this town, anyway.

On_The_3rd wrote:
Sorry if there is an existing thread on this, I couldn't find anything relevant through the search. I'm doing research on parking garages in downtown, anyone have any suggestions? My car will only be used on the weekends for running errands and visiting family, so i don't want to deal with parking on the street and competing with those who need those spots more than I do. Definitely needs to be a covered garage, not a lot. I'd like to keep the monthly rate under or around $300 if possible.

Thanks

07310 wrote:
I drove by this last night and couldn't figure out why they needed so many cops on the scene. Most of the cops were standing around watching.

Conformist wrote:
Quote:

Azul_the_Cat wrote:
Has anyone else been receiving robocalls from Fulops office to support Corey Booker? I thought robocalls were illegal in NJ.

48:17-28. Delivery of certain recorded telephone messages prohibited.
2. A caller within the State shall not use a telephone or telephone line to contact a subscriber within the State to deliver a recorded message other than for emergency purposes, unless the recorded message is introduced by an operator who shall obtain the subscriber?s consent before playing the recorded message, or unless a prior or current relationship exists between the caller and the subscriber.

Key word there is "subscriber". Unsolicited robocalls are fine, but your bank can't robocall you (e.g.).

Azul_the_Cat wrote:
Has anyone else been receiving robocalls from Fulops office to support Corey Booker? I thought robocalls were illegal in NJ.

48:17-28. Delivery of certain recorded telephone messages prohibited.
2. A caller within the State shall not use a telephone or telephone line to contact a subscriber within the State to deliver a recorded message other than for emergency purposes, unless the recorded message is introduced by an operator who shall obtain the subscriber?s consent before playing the recorded message, or unless a prior or current relationship exists between the caller and the subscriber.

zotmeister wrote:
@jcgirl: Of course they'd want to develop it as high as they could. But given that there's a lot of objections recently for raising the restrictions to 15 stories in this link, it's hard to understand how a 44 story building was ever approved.

I have a PH corner unit in Gull's cove and it would come right in front of my view, unfortunately.

greenville wrote:
Quote:

hero69 wrote:
Quote:

greenville wrote:
This is why I don't like the political system in Hudson county. One party controls all parts of the government. You get different choices of faces but not different choices in ideology which appears that you just figured out. I may not like Republicans but I rather have a couple of them in city and county government to keep the democratic political machines in check.

i believe for mayor shundler (a republican) used to hand out tax abatements like coaches hand out condoms

But you can argue that during the time Shundler was mayor Jersey City was up and coming and needed, not what it is now since DTJC has become good enough to stand on its own. But I just want another party that can fight back against the Democratic political machine but that may be just pipe dreams.