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Thread: Newark Development

  1. #4861
    Forum Veteran Newarkguy's Avatar
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    Quote Originally Posted by Nexis4Jersey View Post
    Liamnwk and Block are the same person....
    I wouldn't go as far, Though I think Liamnwk mentioned being in the Society Hill area...so was "Block" anyway,but I've mentioned the "Block 934" or just "block" to liamnwk.
    If this continues, he/she may well be block. All it takes is a new Computer(router) and Email.
    Last edited by Newarkguy; April 19th, 2012 at 09:00 PM.

  2. #4862
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    They both use the same posting style and i remember when Liamnwk would post on this site the crime crap , Block would then do it on City data so it must be him....

  3. #4863
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    Liamnwk one more crime post and you will be banned.

  4. #4864

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    Quote Originally Posted by Newarkguy View Post
    I wouldn't go as far, Though I think Liamnwk mentioned being in the Society Hill area...so was "Block" anyway,but I've mentioned the "Block 934" or just "block" to liamnwk.
    If this continues, he/she may well be block. All it takes is a new Computer(router) and Email.
    I wasn't going to get involved so I'll just say this and only this on the matter: liamnwk was already verified as block on city-data. But you guys can sort it how you will I suppose.
    Last edited by 66nexus; April 20th, 2012 at 12:16 AM.

  5. #4865
    Forum Veteran West Hudson's Avatar
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    Does anyone know what's going on at the waterfront near Penn Station/The Legal Center? Seems like they're either making a parking lot or part of the waterfront park...they've spread something over the entire site - several acres (not sure whether it's crushed stone or some type of sand mixture).

  6. #4866
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    Quote Originally Posted by tbal View Post
    Does anyone know what's going on at the waterfront near Penn Station/The Legal Center? Seems like they're either making a parking lot or part of the waterfront park...they've spread something over the entire site - several acres (not sure whether it's crushed stone or some type of sand mixture).
    LOL , I just asked that same question on the last page... I think a high rise would do better there , its a shame Panasonic did not consider that site.

  7. #4867
    Forum Veteran Newarkguy's Avatar
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    If its the site between the Clairemont FBI building and Penn Station (directly behing DON PEPE'S restaurant) then its the Matrix landbank. Matrix sat on this land thru all of the great construction boom, releasing renderings of high rise residental towers, even flirting with Newark based McCarter and English esq. Law firm to move to aproposed 600,000 sq ft. Tower. Of course, Matrix bought much of the Gateway Center, so the law firm stayed put,since it came with it,killing the proposed tower due to lack of anchor tenant.But I digress...
    If its the site BETWEEN Don Pepe and the Legal Center triangle tower, with the protruding steel beams.....PANASONIC.

  8. #4868

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    April 23. 2012 1:24PM

    Newark restaurants: Nets' business impact ‘pretty much none'


    By Katie Eder

    As the New Jersey Nets prepare for their final home game in the Garden State, business owners around the Prudential Center said they will not be missed.

    "The impact the Nets had on my business was pretty much none," said Marc Brummer, co-owner of Hobby's Delicatessen & Restaurant, on Brandford Place. "They really left years ago, as far as we're concerned."

    According to Brummer, Hobby's target customers are season-ticket holders, so the restaurant would open for business before Nets games during their first season in 2010. But Brummer said the Nets lost their season-ticket holder base this year, so he only opens up shop before New Jersey Devils games and select events.

    "Even though it's the last game, we're not gonna be open tonight, because we haven't been," Brummer said. "We'll be open for (Bruce) Springsteen, though."

    Carlos Franceschi, general manager of Uber Burger — on Lafayette Street, just outside the Prudential Center — said he has anticipated declines in business during Nets games since the start of the 2011 season.

    "It really depends on the teams they're playing, since better-ranking teams bring in more people," Franceschi said. "But business is different when a team is established here. For the Devils, it's their home court. For the Nets, people have been discouraged all season that their team is leaving, and they're not coming out for the games as much."

    Franceschi said Uber Burger expects a gap in business until another team arrives at Prudential Center, but he said the restaurant hosts events in the arena that he hopes will draw Nets fans from Brooklyn back to Newark.

    For Prudential Financial Inc., the arena's prime sponsor, the naming rights were based on the Devils, so the Nets' departure will not affect the corporation's stake or interest in Prudential Center, a company spokesman said.

    "We've known this was going to happen. We went in there understanding that it was an arena for the Devils, and we knew the Nets would only be there a few years," said Bob DeFillippo, chief communications officer of Prudential. "What we have now is what we agreed to in the very beginning. I don't think that's diminished in any way with the Nets leaving."


    taken from njbiz

  9. #4869

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    I agree w/ them because the Nets have only been there for 2 seasons, and now the arena will have more dates open for concerts which tend to generate more $$

  10. #4870

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    By LAURA KUSISTO And JESSICA FIRGER

    HARRISON, N.J.—Nestled along the Passaic River, this town has never quite shed its gritty industrial image, even as residential development helped transform nearby Jersey City and Hoboken from faded urban centers into commuter havens.
    A recent announcement of $256 million in funding to replace the town's 76-year-old PATH station, which isn't even currently wheelchair accessible, could help change that.

    Ramin Talaie for The Wall Street JournalA new rental development in Harrison, near the town's PATH station.



    A half dozen developers are planning to break ground on more than 1,000 new units, primarily rentals, in Harrison by the end of the year.
    The construction is part of an even more ambitious idea: to add 13,000 units over the next decade to a town that has just 13,000 residents now. And it's a gamble. That's about as many new rental units as are slated to sprout in Brooklyn in the coming years.
    But if it's successful, the building boom may help reverse Harrison's downward course.
    "What was the alternative? Have the town die?" Mayor Raymond McDonough said.
    Harrison's redevelopment in many ways reflects a continuing reversal in the state's fortunes. As single-family homes in leafy suburban towns languish, cities are experiencing a bit of a revival because of their proximity to public transportation.
    "This doesn't mean the suburbs are going to disappear, but it really makes sense for people who are close to New York," said Stuart Meck, an associate research professor at the Edward J. Bloustein School of Planning and Public Policy.
    In the mid-twentieth century tens of thousands of employees streamed into Harrison's industrial zone each day, home to companies like RCA electronics and Otis Elevator Co.




    About 15 years ago, the city created a plan for developing the 250-acre former industrial section of Harrison into a primarily residential community. But the plan hit a series of obstacles, including the Sept. 11, 2001, attacks and collapse of Lehman Brothers Holdings Inc., when the flow of commuters to downtown Manhattan dropped.
    Private investors have spent or committed more than $650 million toward the redevelopment effort, and $286 million of public funds have been committed to the redevelopment from different levels of government.
    Harrison still faces significant hurdles: The developers will have to create retail and green space, where there is currently almost none, and the new developments are isolated from the already limited downtown core.
    But the success of one of the area's recent rental developments has given other developers the confidence to move forward. Harrison Station—a 275-unit rental building built by Ironstate Development and Pegasus Group on remediated brown fields—began leasing in September and is fully rented.
    Among the building's attractions are a swimming pool and beach volleyball court. But its primary selling point was more likely cheap rents—$1,750 a month for a one-bedroom—and generous incentives.
    Sarah Lin, a 33-year-old who works at World Financial Center, moved into the building a few weeks ago. She and her husband were living in a studio apartment on the Upper West Side, but Ms. Lin, who is pregnant, said they needed more space.
    Ms. Lin said the landlord offered two months of free rent when they signed the contract, which helped seal the deal.
    "A friend recommended it. She said it's much safer than Newark," Ms. Lin said. "There's more space, and people are not very hectic."
    The same partnership plans to break ground this spring on a 138-room Element by Westin hotel, as well as a second apartment building.
    Advance Realty is building a project, Riverbend District, which will eventually include more than 500,000 square feet of retail space.
    The developer plans to break ground this fall on the first phase, which will consist of 300 units, but no initial retail component.
    Developers say they will compete in part because rents will be about 30% lower than Jersey City and Hoboken.
    "I don't think you can get a one-bedroom for $2,000" in those places, said Jeff Milanaik, president of Heller Industrial Parks Inc., which is building a multiphase development consisting of 750 residential units that will break ground early next year.
    Still, some locals are skeptical of the bid to draw outsiders to the tight-knit town. "Those condos are for people who live in New York. The school system will be overcrowded," said Owen McGonigle, 69, a retired corrections sergeant and lifetime resident. "I think it's a new era, but not what I'd like to see."
    Developers say they plan to put in more than half-a-million-square-feet of retail space over time and several acres of parks. The mayor said the money will be up to the private sector and the developers say they plan to seek state grants for the creation of green space.
    Krystal Mitchell, 25, is a bartender at the Green Room, a favorite watering hole three blocks from the PATH station. She moved to Harrison with her family five years ago but said it needs basic amenities such as a cafe with wireless Internet.
    What the city doesn't need is more bars, Ms. Mitchell said. "You can drink or get a tattoo," she said.
    Write to Laura Kusisto at laura.kusisto@wsj.com
    A version of this article appeared April 23, 2012, on page A17 in some U.S. editions of The Wall Street Journal, with the headline: New Jersey Town Bets Big on PATH.

  11. #4871

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    More good news for Newark?

    Office Uptick One of Several Positive Indicators for Newark, NJ


    Posted April 22, 2012
    [IMG]file:///images/200910/subNov10/contributeToCBL.png[/IMG]
    By Brendan Berger
    From an office leasing standpoint, business in Newark has picked up measurably over the past year. More tenants are requesting showings, expressing serious interest and signing leases, especially in the city's downtown.
    As illustration, our Military Park Building (60 Park Place) this spring reached 99 percent occupancy, a milestone following 70,000 square feet of leasing and a jump from 75 percent occupancy in the four years since we acquired the property. And we have at least a half-dozen additional deals expected to close this spring at our other Newark office properties.
    Over the past year, we have observed more companies moving from the suburbs into Newark. This is a clear step in the right direction for a city that is on the cusp of becoming a true metropolitan center where people come to work and, eventually, to live.
    Several projects set to launch downtown will bring a daytime population volume that we have not seen in decades. This includes the new American headquarters for Panasonic, which Matrix Development Group and SJP Properties will develop at One Riverfront Center. Approximately 1,000 Panasonic employees will come to Newark on a daily basis - parking, working and eating here.
    Prudential Financial in March announced that it hopes to build a new office tower on Broad Street; it would house 2,000 employees. For the past three or more decades, the site the company selected has been desolate and abandoned. It presented an eyesore that arguably has inhibited the image of downtown as a thriving business district.
    More immediately, the multi-million-dollar rehabilitation of Newark's Military Park will begin this spring, transforming that neighborhood. Headed by Daniel Biederman, who designed the city's beautiful Bryant Park nearly 30 years ago, the project will begin with a rehabilitation of the restaurant kiosk in the center of the park. It will bring in new plantings, structural changes to the walking paths, mobile furniture, free Wi-Fi, and more.
    There have been an increasing number of restaurant openings here, to support Newark's daytime population as well as traffic being generated by the city's up-and-coming entertainment venues like Prudential Center and NJPAC. The Newark hospitality market also is heating up. For example, our Robert Treat Hotel has seen a significant jump in occupancy. Additionally, Smith Travel Research reports that, among hotels considered competitors to the Robert Treat in Newark, average occupancies increased across the board last year.
    Further, Courtyard by Marriott broke ground in April for a 150-room hotel - the first new hotel in downtown Newark in 39 years - right outside the Prudential Center Arena. Additionally, Indigo Hotel has proposed a boutique 100-room property just two blocks away. We welcome this competition. More rooms mean that more tourists will be able to stay downtown, rather than at the airport hotels.
    The bottom line? We believe that in the next five to 10 years, Newark is going to be recognized as one of New Jersey's most exciting urban communities - in every sense of the word. Things are going on today that support that vision. And while we still await the resurgence of residential development, we are confident that it will come through the number of approved projects on the board.
    Brendan Berger, Vice President, manages The Berger Organization's Newark Park Place portfolio. His strategic oversight responsibilities include supervising all property leasing and management services, including lease administration, review and negotiations; facility and construction management; upgrades and retrofits; market analysis; design and transaction support.

  12. #4872

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    Prudential Financial in March announced that it hopes to build a new office tower on Broad Street; it would house 2,000 employees. For the past three or more decades, the site the company selected has been desolate and abandoned.
    which site are they talking about here? is it the building across from military park that all boarded up ?

  13. #4873

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    Quote Originally Posted by newarkhiphop View Post
    which site are they talking about here? is it the building across from military park that all boarded up ?
    It's currently a parking lot w/ a couple of low-rises on it, but yes it's directly across the street from Military Park.

  14. #4874
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    Quote Originally Posted by Newarkguy View Post
    The museum wants to demolish it, creating more tax exempt public space. In this case a plaza for a museum expansion that NOW is'nt happening. (HUH?)
    Nevermind, you mean the building in mesh, corner of Central/Halsey, across from Killkenny's Irish (Hamilton )Pub.
    Most likely a reno/facade lift.

  15. #4875
    Forum Veteran Newarkguy's Avatar
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    The nets(lower case "n") won't be missed. They did nothing to gain fans in the Newark area. Very short sighted when you consider Newark is only an D/F train+PATH away from the Boro of "City of Brooklyn".(I'm a fan of Brooklyn & know it was the 4th largest city in 1898.)
    The Nets are horrible, never really pushed hard to go to Newark when part of Yankeenets.

    Now, if someone can please sandblast that corporate lie off the Verizon tower on University ave? You know...the one with the huge Devils/Nets logos and kids with the caption; " Newark,its our future!"

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