M-C/Ironstate Tower to Rise 69 Stories
From the NY Post:
Path to glory
Jersey City development is on the march to greater heights
By MAX GROSS
Last Updated: 1:57 AM, August 16, 2012
Posted: 11:11 PM, August 15, 2012
Like some desperate boy on the make, Brooklyn and Long Island City spent a long time trying to convince apartment hunters to give them a chance.
Now it’s Jersey City’s turn.
Like Hunters Point and Williamsburg, Jersey City is close to Manhattan — only one train stop away (a PATH train, true). But new apartments are a lot cheaper, and a lot more plentiful, here than in the city.
And while new construction often seems stalled or small-ball in the five boroughs, Jersey City is shooting for the moon.
Manhattan trends including eco-friendly living are starting to appear at developments like Madox, the new rental building that will be the first LEED-certified residential building in Jersey City (as well as the first smoke-free one). Madox will open the Paulus Hook neighborhood this fall.
Harborside
The Warren at York
“It might be the first smoke-free [residential] building in New Jersey,” says James Caulfield Jr., a principal with Fields Development Group, which is putting up Madox.
Prices haven’t been set yet for the 131 apartments (there will also be at least two commercial spaces), but one can expect them to be in line with other newer Jersey City luxury properties (in the upper $30-to-lower-$40-per-square-foot range, per year).
In the next 15 months, Paulus Hook will get another boost of development with the Warren at York. This will be a 12-story, 139-unit rental building featuring one-, two- and three-bedrooms that range from 714 to 1,350 square feet.
“We’re going to have a gym, a media lounge, a pool table, a movie screen, sitting areas and a green roof,” says Jonathan Schwartz, senior vice president of BNE Real Estate Group, which is developing the Warren at York.
Clearly, eco-friendly has been accepted by more than one Jersey City developer.
Madox and the Warren at York are smaller than other Jersey City developments in the works. The new 18 Park, which broke ground this summer, will be an 11-story building with 422 apartments; the residences will sit atop the 34,000-square-foot Boys & Girls Club of Hudson County and 10,000 square feet of retail. The development should be finished by early 2014.
“This was kind of a win-win transaction,” says Josiah Wuestneck, senior vice president at Ironstate Development, which is building 18 Park with KRE Group. The Boys & Girls Club “needed a new home and an endowment to ensure longevity of organization. They had an existing site, so we worked out a deal where we would build them the new space and relocate them.”
While this sounds mammoth, also on Ironstate’s plate is Harborside Financial Center, which is being developed in partnership with Mack-Cali Realty. This is a three-phase project that will bring over 2,000 units to market, as well as several million square feet of office space.
“We’re going to break ground on the first building, which is 69 stories,” in the fourth quarter of this year, Wuestneck says. Ironstate is planning 766 apartments in this first tower. This first phase of Harborside, should be finished in early 2015. (The other two towers are expected to be similar in design and size.)
And if that’s not enough, Newport is also planning more buildings — although so far the developer LeFrak has been mum about any of the details.
Eat your heart out, Long Island City!
Read more: http://www.nypost.com/p/news/busines...#ixzz23lh4i1J3
My Jersey City Update from last Evening
292 by Nexis4Jersey09, on Flickr
295 by Nexis4Jersey09, on Flickr
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So I was riding around Jersey City yesterday and snapped a few pictures...
022 by Nexis4Jersey09, on Flickr
Cast Iron Lofts in Jersey City,New Jersey by Nexis4Jersey09, on Flickr
Cast Iron Lofts in Jersey City,New Jersey by Nexis4Jersey09, on Flickr
Wast that first shot outside the BierGarten, or am I confusing locations....
That was from Paterson Plank Road, next to The Cliffs I believe (developed by the same company that is building Cast Iron Lofts). To the left in that shot, there's a slither of land between the lightrail station and Sky Club. Does anyone know anything about this building? (sorry for drifting into Hoboken territory...)
A 2-3 Story Building was planned their but that has disappeared and the rest of the redevelopment of that section of Hoboken has stalled...Originally Posted by tbal
http://www.njfuture.org/smart-growth...wards/hoboken/
I could've sworn I saw them pouring footers around the beginning of July on that site, right next to the Lightrail station...(?) The building I'm talking about isn't one of the colored ones in the above rendering, but the gray/white one in the upper-left.
Downtown Jersey City Construction Update
The Madox:
340 First Street (probably my favorite new JC development - taking what was a dead zone and energizing the area with a new hub; I also like how this fills in that huge gap in the Newark Ave streetscape):
Warren@York:
18Park:
Last edited by tbal; August 26th, 2012 at 10:29 PM.
More Construction updates
I thought I'd throw a few images in here myself. i used to post on the blog jcconstruction until it had an unfortunate end. So I thought I'd put a few pics up of some familiar projects and a couple less familiar ones. Starting with the almost complete Lincoln Park, what is now St Peters Universitys' new student center, Hudson County Colleges response to that on Sip Ave, news at Newport and Cast Iron (though Im disappointed half the lot is still vacant. Hopefully that gets filled in soon, because that area still looks like a bomb went off there.
Some Jersey City Photos from Yesterday
154 by Nexis4Jersey09, on Flickr
157 by Nexis4Jersey09, on Flickr
158 by Nexis4Jersey09, on Flickr
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168 by Nexis4Jersey09, on Flickr
Hola goya!
$81M and 80 new jobs
Goya Foods Inc. breaks ground on new facility in Jersey City
by E. Assata Wright
Reporter staff writer Hudson Reporter
Sep 09, 2012
Goya Foods Inc. broke ground in Jersey City on what will be the company’s new 615,000 square foot headquarters on County Road. The company, the largest Latino-owned company in the U.S., is expanding its operations beyond it current facility on Seaview Drive in Secaucus.
Gov. Chris Christie, whose administration offered Goya tax incentives to stay in New Jersey, was on hand for the groundbreaking on Wednesday, Sept. 5. Christie was joined by officials from Goya, the state’s Economic Development Authority (EDA), Jersey City, Secaucus, and the Rockefeller Group, which owns the property at 350 County Rd., where the new headquarters will be built.
Last year, the EDA approved $81.9 million in tax breaks for Goya through the state’s Urban Transit Hub Tax Program, which offers tax breaks to companies that move to designated transit hubs in the state.
Proponents of the deal said it was necessary to keep Goya based in New Jersey.
_____________
‘I think this investment is one that will pay off with jobs and a more vibrant economy.’ – Chris Christie
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“There were some sites in Pennsylvania and Rockland County, New York, and Orange County, New York, that we considered,” Goya Executive Vice President Peter Unanue told the Reporter at the groundbreaking. “The New Jersey Meadowlands Commission and the New Jersey Economic Development Authority worked to make the numbers feasible, and that’s what really tipped it in favor of Jersey City and allowed us to stay in the state and in the Meadowlands.”
The company, he added, was started in Manhattan in 1936 but moved to Secaucus in 1974.
The new facility will include 577,000 square feet of warehouse space and 40,000 square feet of office space.
The Goya facility is one of the few new large developments currently underway in Jersey City. Two residential developments are being built at 110 First St. and at 18th Street and Coles. The next phase of the Aqua Blu development is also being built on River Drive.
80 jobs created
More than 500 current Goya employees will be transferred from the company’s facilities in Secaucus and Long Island to the new Jersey City headquarters, Unanue said at the groundbreaking, and about 80 new jobs will be created. In addition, 150 temporary construction jobs will be created during the construction phase of the project.
“Goya had a lot of different options,” Gov. Christie said during the groundbreaking ceremony. “I think this investment is one that will pay off with jobs and a more vibrant economy as we move forward in the future. The investment Goya is making here today is an investment in New Jersey employees and in this community. It’s testament to the faith the company has in the new direction that the state has charted, and it’s a sign for those who are looking at our state as a place to do business of the work that we’ve been doing to try and make sure that this climate is one that people will find welcoming, and not one that will leave them having to run out of the state because of ever higher taxes and more onerous regulations.”
Critics of the tax package, however, note that the state is spending more than $1 million for every job new job created.
Co. received local tax breaks, too
In addition to the tax breaks from the state, the Jersey City Council approved its own package of tax incentives for Goya.
The company’s 20-year payment in lieu of tax (PILOT) agreement with Jersey City will require Goya to pay $806,400 annually for the first six years the company is in Jersey City. In years seven through 12 the company will pay $892,950 each year. In years 13 through 20, Goya will pay $979,500 each year.
Under the company’s agreement with the city, Goya will pay an annual service charge that will be passed along to Hudson County for county taxes and will have to pay an annual administrative fee. Both of these fees will increase incrementally over the duration of the 20-year agreement with the city. Goya’s annual county tax fee will start out at $40,320, and the annual administrative fee will start out at $16,128.
The company has also agreed to pay a one-time sum of $114,700 to Jersey City’s Affordable Housing Trust Fund.
Goya will not contribute to the local school system.
Given that the city currently receives only $299,300 in property taxes from the 350 County Ave. site, members of the City Council who supported the PILOT agreement last year said this is a good deal for Jersey City.
But because of the state’s $81.9 million in tax breaks to Goya, some Jersey City residents and City Council members have argued the city should not have approved a tax abatement agreement as well. They have also argued that too few new jobs will be created for the money the company is saving in local and state tax payments.
Last year, New Jersey Policy Perspective, a Trenton-based think tank, estimated that Goya will likely create only nine new jobs as a result of its move to Jersey City.
The new facility, which will be used as a distribution center, is scheduled to open in spring 2014. The company will keep its current warehouse open in Secaucus and will use the facility for manufacturing.
E-mail E. Assata Wright at awright@hudsonreporter.com.
http://hudsonreporter.com/view/full_...-Jersey-City-?
Liberty Harbor Redux
Fiercely debated plan to change Jersey City's Liberty Harbor development awaits decision by City Council
Published: Monday, September 10, 2012, 9:10 AM Updated: Monday, September 10, 2012, 9:27 AM
By Terrence T. McDonald/The Jersey Journal The Jersey Journal
An artist's rendering of the Tidewater Basin plan, which would permit taller residential towers planned for the massive Liberty Harbor development in Jersey City.
A controversial plan to adjust the size and shape of portions of Jersey City’s Liberty Harbor development is set to be reviewed some time this month by the City Council. The plan, which riles community leaders who call it a “radical change” to the city’s waterfront, requires council approval.
Its planners say it would make the area “the crown jewel of Jersey City’s revitalized Waterfront skyline,” creating a seven-block neighborhood called the Tidewater Basin District within Liberty Harbor North, and would increase the maximum height of proposed high-rises in the district to as tall as 55 stories.
Density would also rise under the changes, which seek to add up to 1,900 residential units in the seven proposed residential buildings. That would bring the total number of units in the seven buildings to roughly 6,600.
The new district would sit between Marin Boulevard and Jersey Avenue, directly across the Morris Canal basin from Liberty State Park. The plan would add “public boating opportunities” and more than three acres of public space, including a three-block park at the foot of Liberty View Drive.
Former North Bergen mayor Peter Mocco is the developer behind Liberty Harbor, the 80-acre Waterfront project that is only about 30 percent complete. Mocco told The Jersey Journal that the proposed changes were dictated by “the market.”
“The market has voted for taller buildings that have a much smaller footprint than the larger buildings that are more squat,” Mocco said, adding that high-rises outsell smaller apartment buildings “three to one.”
City Planner Bob Cotter, who has endorsed the changes, echoed Mocco’s statement, saying the plan “is the essence of New Urbanism,” an urban-design movement that stresses walkable environments, public spaces and diverse neighborhoods.
The changes may result in more units, but that’s just because the footprint of the units decrease from 1,400 to 900 square feet, according to Cotter.
“It did not add a single square foot of development,” he said in a statement. “It reorganized the buildings’ form from squat blocks into graceful, slender point towers.”
But residents are concerned about the proposal, with a post on online message board JC List saying the changes would turn Liberty Harbor into “skyscraper-ville.”
“These changes pose grave concerns due to the increasing of density to such a large degree in a very ecologically sensitive part of the city,” says Sam Pesin, president of the Friends of Liberty State Park, in an e-mail he sent recently to residents of the area.
Pesin’s e-mail was the result of rumors that the Planning Board would approve the plan at its Aug. 21 meeting.
But that board, which already approved the Tidewater Basin plan back in 2009, was merely reviewing other, smaller changes to the Liberty Harbor plan, while the council is set to take up the larger changes.
http://www.nj.com/jjournal-news/inde..._to_chang.html
Oh Great another Long Island City type Development , just what Jersey City needs...sigh....and that 55 story building is too tall for that area..
55 stories to tall? what makes you say that?
That whole area should be low to mid rise or 20 stories max , 25+ belongs in JSQ and along the Waterfront...its also one line of buildings so it will seem out of place....at least the way I see it... Its not like a group of buildings like in JSQ plans or along the Waterfront corridor....its a just a block by 5 blocks line along a marina...
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