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Re: How will new high rises affect the rental market?
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Quote:

moobycow wrote:
Quote:

VA2015 wrote:

I will also add that i think the new rentals will affect the brownstone/old construction rentals differently because of one word: amenities. The "charm" of 1930s electrical systems in brownstones wears off quick and isn't necessarily compensated for with those cute exposed brick walls. Compare that to a place with washer/dryer/dishwasher in unit, elevator, gym in the building, skyline views, closer to transit options, etc. and I don't think people are going to pay the same rent for say a 1500 sq. foot brownstone apt. in the Village vs. a 1500 sq. foot (or even 800 square foot) luxury condo.


The high rises have always been more expensive and will remain so. It doesn't mean the brownstones won't also get pulled up. One things the brownstones generally have going for them is that the rent is a bit more stable. Families renting out their unit often won't raise rents much, or at all.



Also, some people will move into an area with new high rises going in, but prefer to be in smaller buildings, to get more involved with the neighborhood, or because they want a bit more room without living in a rat's nest that some buildings can be. They will still benefit from improvements brought to the area by the new buildings, like shopping, cafes, restaurants, bars and better infrastructure.

Posted on: 2014/6/26 13:12
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Re: How will new high rises affect the rental market?
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Quote:

VA2015 wrote:
Quote:

papadage wrote:
Too bad it's all Tacos, Pizza and Burgers.


Disagree. The places I'm referring to include:

Word bookstore/cafe
Roman Nose
Monty's public house
downtown yogurt
two boots
left bank burger bar
3rd and vine
union republic
the raven boutique
pig and pepper
tittlemouse and co. consignment
gia gelato
Merseles studios

...and that's just off the top of my head

I will also add that i think the new rentals will affect the brownstone/old construction rentals differently because of one word: amenities. The "charm" of 1930s electrical systems in brownstones wears off quick and isn't necessarily compensated for with those cute exposed brick walls. Compare that to a place with washer/dryer/dishwasher in unit, elevator, gym in the building, skyline views, closer to transit options, etc. and I don't think people are going to pay the same rent for say a 1500 sq. foot brownstone apt. in the Village vs. a 1500 sq. foot (or even 800 square foot) luxury condo.


It was an exaggeration for effect, but how many taquerias do we need downtown? How many gastro-pubs? How many Italian Reastaurants that also feature pizzas? How many Thai/fusion?

No decent Greek. no Ethiopian, no Italian aside form Southern basil and tomato, no Morrocan. The two new places opening across from each other on Newark will be more Italian and another burger place.

I love many of the ones you mentioned, but they do not make up for a real lack of vision in some of the people opening up eateries.

Posted on: 2014/6/26 13:09
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Re: One Year In, Jersey City Mayor Eyes More
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Meh.. edgy bullshit that may work on a few idiots, but shows a lack of discipline and thoughtfulness. Besides, what's progressive about another neo-liberal friend of investment bankers, hedge fund managers, tech billionaires and developers?

But, even knowing this, I would still vote for him over the pre-existing old guard.

Posted on: 2014/6/26 12:59
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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You can whine all you like. It's pathetic and transparent. People living in tax abated construction whining about providing benefits to people aside form themselves. And that's aside from being self absorbed exclusionists.

Aside from that, if you don't understand the fundamental concepts that separate discrimination from bigotry from racism, don't bother arguing it. Dictionary definition wars are uninteresting and the mark of a feeble argument and mind.

Posted on: 2014/6/26 12:54
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Re: How will new high rises affect the rental market?
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I work in the insurance industry, and several large brokerages, reinurance operations and carriers are also opening up shop at the waterfront, or like my company, are already in midtown or lower Manhattan, or both. While they do not pay quite as well as investment banks, they still pay upper class salaries. I know a lot of colleagues looking to move into JC for the QoL and easy access to work. This will help stabilize any down pressure to rents from finance busts.

Posted on: 2014/6/25 18:34
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Re: How will new high rises affect the rental market?
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Too bad it's all Tacos, Pizza and Burgers.

Posted on: 2014/6/25 14:02
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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Pffft.


"Look ma, he doesn't like our tasteless, cookie cutter buildings."

Posted on: 2014/6/25 3:15
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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Bigotry is the judging of people for what they ARE, not what they do. I judge based on NIMBY-ism and selfishness. So cry me a river. "Keep the poor people out, but please don't be mean to me and call me a bigot, my little self absorbed feelings get hurt."

Aside from that, you kids by the water are living on subsidies, so how is social engineering working for you?

Posted on: 2014/6/25 2:51
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Re: Republican state senator slams Jersey City on tax abatements
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Which is why the more inland neighborhoods are more desirable now. But most of the rest of the town is already biult on, so you will not have wholesale crap building like that anymore. Much of the area within two blocks of the water is a dead zone after business hours now.

Posted on: 2014/6/25 2:48
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Re: How will new high rises affect the rental market?
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Yeah, but ground has actually broken on one large development in the actual Square itself, with two more starting before next year. It will remake the area in less than four years.

As a person who lives in the neighborhood, even the last two years have brought a different type of resident. More NY employees, more hipsters. A bigger gay community. A few artists even.

Posted on: 2014/6/25 2:42
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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That assumes that public policy is served by having no less expensive housing in the area.

Posted on: 2014/6/25 0:39
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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There is a difference between that and trying to shut out the poors. NIMBY BS.

Posted on: 2014/6/25 0:12
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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I am not fond of either of those either.. but that does not excuse additional provincialism.

Posted on: 2014/6/25 0:02
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Re: How will new high rises affect the rental market?
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Yep. J SQ is very up and coming, and within a few years will be full of real food and shopping options. Buy Just south of it, between Baldwin and Kennedy, or rent if you must. But if you want to remain anywhere desirable in town, be prepared to be invested.

Posted on: 2014/6/24 23:17
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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You have no grasp of the word bigotry. Isolationists are not to be encouraged.

Posted on: 2014/6/24 22:58
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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And I am amused that you call blocks of Soviet style, indentical low rise condos a neighborhood.

Posted on: 2014/6/24 22:47
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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It's a dull maze of identical dull buildings that were built to look alike. And most of the residents I know there do not bother with the rest of the city.

Posted on: 2014/6/24 22:43
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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Try looking at the noise and filth outside Lucky 7. And the roving packs of young assholes in Hoboken made that town as bad as any bad neighborhood in JC. Brooklyn took decades to gentrify, and did take a sizable increase in transit and infrastructure development, and remains mixed and interesting due to rent stabilization and tenant protection.

If you want a good model to look at, try further in, like up past Cole, toward Brunswick. It's a vital area with a mix of ethnicities, income levels, businesses, eateries, bars, a thriving art community and incoming music venues. It's a much more interesting and dynamic neighborhood than Paulus Hook has become. The latter has no life to speak of and is full of people that barely venture anywhere further west than Grove, let alone Jersey.

The proprietor of Maxwells closed and moved here due to Hoboken becoming and uninteresting monoculture, and you guys want to duplicate that boring sh** here.

Posted on: 2014/6/24 22:34
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Re: Republican state senator slams Jersey City on tax abatements
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So we can wait another 30 years to develop instead, and lose business income and the rise of surrounding property vales as well.

Spiteful BS.

Posted on: 2014/6/24 22:15
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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That's a full on elitist assumption of anti-social behavior based on income, as well as a belief that you have no obligation due to being the beneficiary of public subsidy by way of developer abatements that built up DTJC.

I know plenty of loud and rude upper income people, and people living in little secluded enclaves do nothing for the greater city.

Posted on: 2014/6/24 22:04
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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Quote:

Monroe wrote:
Quote:

papadage wrote:
I earned mine as well. And it's interesting that you mention Paulus Hook, which is quickly becoming one of the blander neighborhoods in town.

The town will improve and remain vibrant if everyone benefits from development dollars coming in at the cost of reduced tax rolls. The abatements were not written so you could have a subsidized condo.


I own in the burbs, and rent here-the only subsidy I do is subsidize JC schools. (My real estate taxes have to cover almost 90% of my local schools, unlike JC taxpayers, who cover 16% of their local schools).

So yes, I do get to have an opinion on whether JC giving out PILOTS and abatements keeps money away from supporting JC education, as well as where they should go. I'm helping carry your freight, aren't I?


Consider it a cost of maintaining the segregation of whatever boring town you own in. Aside from that, you benefit from the lower taxes on building you live in, which makes you rent cheaper, and has built up the area you now want to make exclusive.

Posted on: 2014/6/24 20:16
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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You would be very surprised to know that people are doing that already. There is an artist enclave there. There are ordinary residents. People have bought homes.

I know that it would surprise some folks who rarely go further west in this town than maybe Coles, or Monmouth.

I even know several long tome DTJC residents that have never eaten in Little India, or been to Lincoln Park. Fear is for the weak and the boring. Especially when you can get robbed at gunpoint on Warren.

Posted on: 2014/6/24 20:14
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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Where the hell did I say that? I said that development should include plans for mixed income. And it's your burden to show that a segregated ghetto is better for anyone, yuppy.

Posted on: 2014/6/24 19:13
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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I earned mine as well. And it's interesting that you mention Paulus Hook, which is quickly becoming one of the blander neighborhoods in town.

The town will improve and remain vibrant if everyone benefits from development dollars coming in at the cost of reduced tax rolls. The abatements were not written so you could have a subsidized condo.

Posted on: 2014/6/24 19:07
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Re: Republican state senator slams Jersey City on tax abatements
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Because the city center is a sea of 99 cent stores and has potential to be a real economic driver. Who cares about individual condo owners getting a windfall?

You move new abatements from the waterfront inland, to bring development and business inland. First, Journal Square, then McGinley, then the West Side, all the way through Greenville. On the north side, from Palisade, in toward Kennedy.

Development should be seeded throughout the city.

Posted on: 2014/6/24 19:01
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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Nice little free market aphorism mean little to me. Your attitude is usually accompanied by hostility to broad based economic stimulus. It;s a nicely dressed version of "f*** you, I got mine", and really doesn't fool anyone.

But that is neither here nor there in this topic. The goal of government should not be to encourage only development of luxury housing. It's to provide for the entire population, not shut them out once an area has been gentrified through tax abatements and other sunk subsidies. You know.. "welfare for me, but not for thee."

Posted on: 2014/6/24 18:57
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Re: As American Cities Grow, New Urbanism Must Be Inclusive
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And that leads to ever greater stratification by neighborhood, until even middle class people can't live in the entire downtown area, and we get a bland copy of Williamsburg. All hipsters and finance workers. Full on homogeneous vanilla. Dull and boring. No flavor, no texture, no hipness.. just all fancy coffee and overpriced pizza.

To some people in this board, anyone making less than $50K a year are to be seen only behind a sandwich counter, and should not share neighborhoods with them.

Posted on: 2014/6/24 18:28
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Re: Republican state senator slams Jersey City on tax abatements
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That ignores the follow on taxable income from the new businesses that opened to service the new offices, hotels and residences. The town changed dramatically, and for the better.

The abatements need to be fine tuned some, but they have heped transform the town in a lot of ways. Now they need to be moved further inland, as in the case of the new JSQ developments.

Posted on: 2014/6/24 17:43
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Re: Cherry Picked - new ice cream shop on Grove
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I like Gia for their spin on the flavors. My GF loves their red wine and peppercorn flavor. But Tommy's is old school Gelato that scratches a slightly different itch.

Besides, both are hardcore boosters of the town and downtown as well, and I like that. Gia has a new cart that they send to farmer's markets and street events, and you can't walk into either Tommy's or Brightside without Tommy himself coming buy to greet you if he ever met you before.

It's like pizza. I like both Razza and Larry 'n Joes.

Posted on: 2014/6/24 17:35
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Re: Cherry Picked - new ice cream shop on Grove
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I didn't see any, but I don't look for it. If you do eat regular sweetened ice cream though, avoid the coffee-cookie flavor. The coffee flavor is underwhelming,but they coarsely chopped actual Oreos into the ice cream instead of just the cookie sandwich layers, and the resulting Oreo filling that was mixed in completely overpowers the flavor and turns it to overly sweetened crap.

There is a reason by every Cookies n Cream variation at good ice cream shops never puts in real stuffed Oreos, but instead buys the cookie pieces.

Posted on: 2014/6/24 16:00
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