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  #1  
Old Posted Feb 8, 2020, 5:32 PM
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JERSEY CITY | Laurel-Saddlewood Redevelopment |≅ 500 FT | FLOORS


Via apophenic


810 Units (apartments)
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  #2  
Old Posted Feb 9, 2020, 8:11 AM
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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.
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  #3  
Old Posted Feb 9, 2020, 3:47 PM
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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.
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  #4  
Old Posted Feb 13, 2020, 2:15 PM
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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/


Quote:
The property is currently home to 38 prefabricated homes that were moved to the land in the 1970s.

During the meeting, LMC Vice President Charles Epstein said that the property’s homeowners initially approached the company about purchasing their homes. He added that LMC has agreed to deals buying all the properties from homeowners at market-rate prices except for one. The holdout, the company claims, is a local developer who purchased the home as part of an effort to redevelop the entire block.

The proposed redevelopment of the parcel has been drawn up by New York-based Beyer Blinder Belle and would see a high-rise built along Marin Boulevard rising about 50 stories at the tallest point. The structure would then gradually step down as it heads toward Grove Street and Manila Avenue, bottoming out to three stories at the lowest point.

The project, which is being called Laurel & Saddlewood for now, would contain about 810 rental apartments and include 41 units designated as affordable housing. 14,000 square feet of retail space would be featured on the ground floor facing Marin Boulevard and as part of the deal, a 50,000-square-foot public school would be built along First Street.

The school in the plan, which would be deeded to the city upon completion, would house Pre-K to 5th grades and should serve around 300 to 350 students.

In addition, the existing Philippine Plaza on the land would be almost quadrupled in size to about 11,400 square feet. LMC has met with representatives of the plaza and agreed to keep the existing memorial at the site while creating a true public park at the space, which is decidedly underutilized.
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  #5  
Old Posted Feb 25, 2022, 2:31 PM
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chris08876 chris08876 is offline
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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:
One of the more significant development proposals slated for a block of Downtown Jersey City is apparently no longer moving forward amid allegations that officials suddenly changed construction requirements after years of negotiations.


Way back in February 2020, Jersey Digs was the first outlet to report on a development from Lennar Multifamily Communities (LMC). The company, which recently completed The Lively just blocks away, was looking to revitalize a 1.81-acre parcel between First and Second streets that straddles Marin Boulevard and Grove Street.

The lot consists of 38 prefabricated homes, all but one of which LMC had agreed to purchase. The plan, drawn up by New York-based Beyer Blinder Belle, consisted of a 50-story high-rise that would gradually step down as it heads west, bottoming out to three stories at the lowest point.

The $310 million project, dubbed Laurel & Saddlewood, was to contain 810 rental apartments and include 41 units of affordable housing. 14,000 square feet of retail space would be featured on the ground floor and a 50,000-square-foot public school that would house about 300 Pre-K to 5th graders was included in the proposal.

Trouble began quickly as a now-disposed lawsuit was filed by the community’s lone holdout, Saddlewood Court LLC. The company, controlled by Shuster Management’s Eyal Shuster and Adam Knoll, claimed that the city was trying to “redevelop an area that is not blighted.”

Despite the case, Jersey City eventually approved a redevelopment plan in November 2020. A second lawsuit from Shuster and Knoll that is still scheduled for trial next month claimed that Jersey City entered a corrupt “secret agreement” on the deal, but the Jersey City Redevelopment Agency nonetheless moved to condemn the final townhouse in November last year.
===================
Jersey Digs
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  #6  
Old Posted May 19, 2022, 1:26 PM
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Still dead, but I'm hoping this one gets reincarnated as a 70 storey tower in order to pay the union wages.

Everyone's happy except the neighborhood NIMBYs and that one small time developer looking for a bigger pay day for his singular parcel.
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  #7  
Old Posted May 19, 2022, 1:41 PM
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Hopefully Lennar comes back to the table. If not, another developer will buy this assemblage and build.
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  #8  
Old Posted May 20, 2022, 9:59 PM
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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!

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.
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  #9  
Old Posted Sep 13, 2022, 7:22 PM
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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. "
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  #10  
Old Posted Sep 14, 2022, 1:12 AM
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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.
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  #11  
Old Posted May 27, 2023, 1:59 PM
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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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