JERSEY CITY | 500 Summit Avenue | 458 FT | 42 FLOORS
 

And another one for Journal Square, Jersey City!!!

http://stream.wsj.com/story/latest-h...9/SS-2-491490/

As a resident of Jersey City within walking distance of Journal Square, I would like to show my support for this development. How can I get involved?

Great news. Journal Square's skyline is going to be very impressive by 2020... five towers of 50+ stories, and at least another two of 40+ floors, with the tallest building standing nearly 800' -- which is above anything in LIC or BK.

:slob:

That's a lot of square feet.

http://www.rew-online.com/2014/03/26...opment-action/

According to the Wall Street Journal, the New York based investment and development company paid $28 million for the site, currently occupied by a parking lot.

The proposed tower, to be known as HAP Tower, will have views of Manhattan from a majority of the floors. The site can accommodate a 42-story rental building with commercial office and community facility space. The anticipated cost of the one million square foot development is estimated to be $400 million, according to HAP..

Further details of development plans have not yet been announced, but Jersey City Mayor Steven M. Fulop is delighted nonetheless.

“Our administration has made the redevelopment of Journal Square a priority and we are pleased to welcome this 42-story residential tower to the substantial projects just underway on the Square,” said the Mayor. “HAP Investments’ announcement is further affirmation that our policies are working to attract such significant development.”

The City has approved an ambitious redevelopment plan for the area long considered the poor relation of its glitzier downtown, where luxury towers and office buildings hug the Gold Coast and drive a micro-economy of gourmet markets, daycare and restaurants and big names such as Trump, LeFrak and Mack-Cali have driven a development boom.

Journal Square 2060 sets out a 50-year schedule of new building as the area plays catch-up to its downtown. The plan calls for buildings concentrated around the PATH Station reaching heights over 60 stories.

Early investors include Kushner Real Estate, which is planning three towers set as high as 85-stories on a site within the PATH Plaza that will include open space, a dog run, new restaurants and retail.

Mayor Fulop is the man!

Revealed: 500 Summit Avenue

http://www.yimbynews.com/wp-content/...itoverhead.jpg
500 Summit Avenue, rendering via HAP
http://www.yimbynews.com/wp-content/.../500summit.jpg

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http://www.yimbynews.com/2014/08/rev...t-avenue.html#

Sweet!

Bring it on. I have several skyline pics near this site that I need to upload. There are many cranes in the Jersey City sky, rising above the slender concrete frames of what will be new residential buildings, against the backdrop of Manhattan's office supertalls. The views will be impressive from 40 floors up, and it's not even 15 minute journey from Journal Square to the WTC. Journal Square will boom!

I'm so impressed with Steve Fulop. Keep up the good work and maybe even bring a supertall to Jersey City! The tallest Journal Squared development comes close...

New Look: HAP Tower, 500 Summit Avenue

http://www.yimbynews.com/wp-content/.../HAP-Tower.jpg

http://www.yimbynews.com/wp-content/...wer-Detail.jpg

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http://www.yimbynews.com/2014/12/per...s-kitchen.html

WHAT! omg Journal Square dude. :cheers:

I count 60+ floors.

Bumhahahahhahaha!!

Boom! :cheers: :cheers: :cheers: :cheers:

This is an early Christmas present to Jersey City residents!

They might have the legal right to build 42, but heavy NIMBY opposition from this one. There was discussions about adding 17 floors for a park, so I wonder if this one is proposed at 59. There is zero chance they will get that due to the galvanized NIMBYs.

Otoh, proposing 59 and then giving in to the nimbys and do 42 means itäd be a 42 floor tower after caving to the nimbys. Not a bad result.

The redevelopment plans and board meeting agendas I sifted through seem to have limited it to 42. It's sort of on the outskirts of the "No limit" area at the center of Journal Square so they had to taper it a little.

^ I agree, but I can't explain this new rendering, which looks about 60.

http://www.yimbynews.com/wp-content/.../HAP-Tower.jpg

They have had legal right to develop to 42 floors for the last couple of years.

Did a little digging...

There isn't a height limit in feet but instead a hard cap on the number of floors. It still doesn't explain why the developers produced a new rendering, which appears to be 60 floors. Anyone have insight?

If you have 30 minutes to waste. :yuck:

https://www.youtube.com/watch?v=YYvbca9Riqk

30 minutes of hearing middle aged and Cialis popping NIMBYS talking about the horrors of a great tower.... :runaway:

This is vile NIMBY propaganda. Un-American! These people look like the ghouls from Fallout 3 btw. :tup:

It was kinda interesting to see the face of the developer defending the tower. The face that one only has when dealing with the idiotic arguments of NIMBYS. Happen to fast forward to that point. :haha:

Does this tower stand a chance because of the less than supportive signals being given by the Fulop Administration? The NIMBYs can go to you know where for all I care, this would be the best spot in the whole Journal Square area for a tower like this. Besides, the area is only going to have a certain number of high rises.... any idea how much land will be allowed to have high rises of 500 ft or more? I know the Baldwin project has two 25 story towers and that is allowed under the Journal Square area building plan... this one happened to get a variance from the 25 story limit just outside the more height generous area right on the Square. You're not going to get more than a few really tall buildings so for the most part all this NIMBY hysteria is nothing but "sky is falling" nonsense.

500 Summit is one very odd development. The land is already zoned and approved for a 42 story building, but the NIMBYs are being galvanized by evil forces and are led to believe they can force the city to rescind the approval. Obviously that's not happening because it would be illegal and the city would be sued in court for millions. It would be very cool to get an even taller tower, but I doubt HAP will be able to pull it off unless there is some serious horsetrading going on behind the scenes.

The city is very accommodation to new development and there is a growing number of residents showing up at planning board meetings. Public support for a development project makes a world of difference, and I encourage everyone in Jersey City interested in a particular development to show up at the meetings and speak your mind. I can honestly say that if a few folks had spoke up at the 99 Hudson meeting to express their support for a tower exceeding 990ft, it would have happened. There was no opposition to this project! (At the end of the day, it was not the height limiting this tower but the allowable density. It was at the limit of 1.3 million square feet of development. I wish we had folks to also speak up in support of greatly increasing the FAR limit.)

There is a lot of residential supply coming on the market in the new few years. If it's all absorbed as planned, the next generation of developments could even be more bold.

We should organize and start causing a ruckus at city hall. :D I'm tired of obnoxious, xenophobic old folks pretending to be the voice of the community.