JERSEY CITY | Laurel-Saddlewood Redevelopment |≅ 500 FT | FLOORS
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A 500 foot tower 4-5 block from the river in JC? And the render makes it look like just another 500-footer in the neighborhood?
THe JC skyline has come very far in the last 2-3 decades. |
If I'm not mistaken this should be the block bounded by 1st and 2nd streets, Grove Street, and Marin Boulevard here.
The current stock, to put it mildly, is not very handsome. |
This one has an interesting backstory. It was the owners of the prefabbed housing that approached the developer asking for them to buy the land. This is how you harness gentrification to do good. Fighting it never works.
From Jersey Digs - edited key parts to keep under 50% https://jerseydigs.com/plans-reveale...redevelopment/ https://28nwgk2wx3p52fe6o9419sg5-wpe...sey-City-2.jpg Quote:
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Looks like this project is canceled. Hopefully something else rises on this parcel.
= = = = = = LMC Reportedly Cancels 800-Unit Tower with School, Jersey City Quote:
Jersey Digs |
Still dead, but I'm hoping this one gets reincarnated as a 70 storey tower in order to pay the union wages. :D
Everyone's happy except the neighborhood NIMBYs and that one small time developer looking for a bigger pay day for his singular parcel. |
Hopefully Lennar comes back to the table. If not, another developer will buy this assemblage and build.
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Considering the area, something will rise. This parcel will yield something in time. This is like the shingles of parcels. Sits dormant until the time is ripe to rise. And hopefully soon! :ahhh:
That's why its good to be patient. There's been some project sites that seem dead only for a nice suprise in time. Everyone thought the 500 Alton parcel in Miami Beach was dead... and now its back and rising! Literally u/c. |
Per member "apophenic":
" At the Harsimus Cove Association meeting tonight, the mayor said the negotiations have been revived and the deall is back on the table. No details on that though. " |
This is great news. Looks like the Mayor called their bluff! I wonder if it will now be taller than 50 floors as this comes back online.
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"This is great news. Looks like the Mayor called their bluff! I wonder if it will now be taller than 50 floors as this comes back online."
I am one of the owners in this block and the project is stalled due to the actions of the mayor himself. He loves to pretend that he is a supporter, but in reality, Mayor Fulop used the owners like a political football every step of the way. All he really cares about is union member votes, period. He was the one that backed the ludicrous and extortionate union demands for 100% union labor on this project. That came very late in the game...right at the last possible moment before the deal closed and it completely derailed the project. Basically, Fulop threw a block of little old Filipino ladies under the bus for his own political benefit. That is the truth about Jersey City Mayor Fulop, and we were all very disappointed by him. Keep in mind that we already had one local developer, Eyal Shuster, con one of the elderly owners out of their homes for a low price (they have now sued him)...then he proceeded to sue the city and Lennar. He lost all the cases and is going to get his home taken via condemnation...he's out of appeals now and cannot continue to greenmail us all. Eyal Shuster wanted literally five times what the other owners were getting in order to cooperate, and tried to play the victim in the press...what a complete liar this man is...an utterly despicable person in every way. Shuster will move along with the rest of the owners now, he has no choice unless he wants the home taken from him...the JCRA is ready to do that ASAP to get this project moving again. It will now take a complete freeze in transactions and construction for the next mayor of JC to wake up...hopefully that will be our current City Council rep, with whom we have excellent relations. 5-6 major developers that are tracking this project and will jump on this as soon as conditions change. The owners will end up making a lot more for having been forced to wait, but that doesn't help the folks who have passed away during all the political wrangling, or those that would like to take their money and retire after living on the block for almost 50 years. |
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