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The Metropolitan should start this late spring into summer last time I heard. Well see it definately should not be delayed, the developer is ready to go lsat time iI heard. I'll try and find out.
Jersey City Rising
It was expected that the Pep Boys in the Metro Shopping Plaza would be razed so construction of the Metropolitan/Monaco I and II developments could begin (as well as the enlargement of the Doubletree Hotel) by this spring,but the Pep Boys remains without a sign of any planned activity.What gives,are the projects going forth or will they be delayed?This would be a crown jewel type addition to the skyline and our prestige,as the thought of such gloriious towers and on the Newport side the wonderful Shoreclub,Aqua,and Ellipse really will continue to contribute to make Jersey City a world class city in its own right,give it truly its own identity.
Last edited by citybooster; April 18th, 2007 at 02:02 PM.
The Metropolitan should start this late spring into summer last time I heard. Well see it definately should not be delayed, the developer is ready to go lsat time iI heard. I'll try and find out.
Hey, once again, anyone have a photo of aqua from a high up shore club unit?
The Inside Scoop is, the construction cost of this building is too shocking for the owners of the pep boys land, and they are looking for someone to buy them out of the deal. This project is unfortunately on hold indefinitely or subject to a major redesign downgrade to spare costs. Prepare for similar news on the Remi Koolhaus monsterpiece. I would bet those giant flying cantilevers get converted to a sensible 8-foot or less cantilever in final design.Originally Posted by JCMAN320
One of these might get started this year . .. might.the Metropolitan/Monaco I and II developments could begin (as well as the enlargement of the Doubletree Hotel) by this spring,
Despite all the blabber that goes around by some local brownstone jerktavists, Newport seems to be the only builders that hammer away year after year with a new building every year. A lot of the other sites mentioned above are flash in the pan condo one-off jobs that rely on perfect market conditions for sales, construction and financing to pull off by one-time developers so don't count on them yet. Aqua already is started under construction so its a sure thing now. Ellipse is being heard at planning next week but everything down in Newport is considered "as-of-right" so even if there is some acrimony by the anti-development luddites, that will go through and I would be willing to wager that it will get built at some point.This would be a crown jewel type addition to the skyline and our prestige,as the thought of such gloriious towers and on the Newport side the wonderful Shoreclub,Aqua,and Ellipse really will continue to contribute to make Jersey City a world class city in its own right,give it truly its own identity.
Hahaha - Insidescoop, where do you get your information from? The Metropolitan shows no "signs" of delay. The Pep Boys lease runs out in a few months, and the building is to be demolished at that time. The developer never stated that the Metropolitan was to go under construction in Spring 2007. The plan has always been Summer 2007. They cannot knock the building down while the tenant still has legal rights to occupy it under the lease agreement. Keep in mind that this building is part of a long-term redevelopment project that is being carried out by a powerful and experienced company. If you knew anything about companies of this type, you would realize that it is pretty much a definite thing that this will get built regardless of current condo market conditions. They are thinking long-term (and it will take at least 3 years to build it anyway). 8 towers are planned. I am sure that if they think they could possibly fill 8 towers over the next 20 years, they will not hesitate at the idea of filling one tower over a three year period (sales offices usually open only a few months into construction, and sometimes even before construction begins).
Tbal I am sorry to point out you are incorrect about one key thing.
The Doubletree/San Remo/Monaco projects are being done by a well experienced, capitalized and organized development group that everyone knows well and has done residential projects in Jersey City and all over the state.
The PEP BOYS site and Metropolitan Tower are the project of a smaller, less experienced owner of primarily Retail Shopping Centers and such things.
These are two completely different owners and developers. As I said, San Remo, Monaco, etc. might get a tower started this year. Pep Boys/Metropolitan is looking like it is on hold.
flooding
how did JC fair this time during the floods this weekend? I saw what happened in Hoboken, but havent seen any footage in the west side area or anywhere else.
Jersey City Rising
We seem to have a substantial difference of opinion here regarding the Metropolitan part of the G&S Metro Shopping Plaza lot regarding a possible delay of the razing of Pep Boys(Though the Monaco project looks as if it will probably begin sometime this year)I believed the whole project was being headed up by G&S,who own the entire massive property.I'm well aware the secondary stage of towers will be much more a future,market based thing....but isn't the Metropolitan the centerpiece of the project and is it likely or not it will break ground by the fall?Can JC MAN be the referee here,as someone is clearly mistaken....we need a swing vote here,build or on indefinite hold for the Metropolitan!(Please say it's build!!!)
On the Koolhaas proposal,I fully expect a major revision,not to something mundane or uninspiring,necessarily...but he did come up with four plans that were looked at,perhaps a revision to one of the remaining designs?Anyone think differently or agree with my thinking here?
Hartz, et. al. own the Doubletree/Monaco/SanRemo lots.
G&S own the pep boys, shoprite, whatever. 2 totally different groups.
Nafco yea JC flooded in someparts Downtown and on the Westside 440 and 1&9 and the Lincoln Highway bridge was shut down. But we faired much better than most cities and towns in NJ.
I heard the Metropolitan will get built this summer. Tbal your right about Pep Boys lease it runs out soon. Thats what I know and after that they should demo it. Koolhas's building I would like to see bult as is but I'm sure whatever is built there will be great because he designs it.
I don't think so...the whole property is G&S,and it makes no sense after all the buildup that they suddenly would discover the price to be prohibitive.They may be working in concert with Hartz(I have no idea if Hartz even really has an interest there) but like the Harwoiod Development,which would cost a substantial sum,you look for a partner to help contain costs...makes no sense they'd abandon the project and sell off their own land.Hate to be a pain in the you know what,JC MAN, but since you have a great track record on the inside stuff,is G&S the owner of the entire property and what are the chances of them getting investors such as Harwood to split costs,if that's a concern?I promise,I will hold off on this particular development any further questions until the demolition of Pep Boys this summer,but I'd like to have a definitive feel for the actual situation at hand currently.
My error,as I read that the Doubletree was Hartz developed,though I think the Monaco and San Remo would be built on the G&S plaza lot....hopefully someone could clear the delay/downsizing Metropolitan rumors.
Last edited by citybooster; April 20th, 2007 at 03:38 AM. Reason: Added info
Monaco and San Remo 1, 2 are all clustered tight around the Doubletree on Hartz property (see picture)
Hartz owns the part of that area that is on washington blvd. You can see the doubletree in the above picture it is the beige building with the peak roof.
G&S owns the shopping plaza behind - including pep boys. The only building planned by/for G&S is the metropolitan, which is West of all this stuff owned/to-be-built by Hartz.
Hartz owns 455 Wash. (DoubleTree) and G&S owns 400 - 420 Marin (Metroplaza)
https://www.cityofjerseycity.com/Web...untSearch.aspx
The light rail tracks are the border which divides those properties between the two owners/development groups.
Thanks for clarifying at least this part,Inside Scoop.I'm really hoping the stuff you heard about the G&S part of the developing area is exagerrated or not quite the final word.they had to know a project the size of the Metropolitan would require a huge investment,and they own the land so it wouldn;'t make sense to me they would want to abandon such a potentially lucrative development.I would think if they require some more infusion of cash that they partner with some developer with the deep pockets and expertise...Hartz would be a good one,there are a good number of good possibilities to help share costs and make construction physically and practically feasable.Monaco and San Remo 1, 2 are all clustered tight around the Doubletree on Hartz property (see picture)
Hartz owns the part of that area that is on washington blvd. You can see the doubletree in the above picture it is the beige building with the peak roof.
G&S owns the shopping plaza behind - including pep boys. The only building planned by/for G&S is the metropolitan, which is West of all this stuff owned/to-be-built by Hartz.
I would gather the future four other towers,which are highly speculative at the momennt,would be on the G&S Metro Plaza lot,and that may not happen for at least a decade.I hope the Metropolitan is built with minimal changes if any,that plus the Monaco I and II and San Remo would look absolutely incredible as part of the Jersey City skyline.
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