View Full Version : The Great City of Jersey City

09-22-2005, 08:31 PM
Jersey is really coming far. It's nickname is the Gold Coast and Wall Street West. It is developing a great modern skyline which is starting to make New Yorkers envious. Let' face it - since 9/11 NY doesn't have much of a skyline anymore - other than midtown. Having tall buildings which are all basically the same size causes a pretty boring skyline and that is the situation NY is in now.

Jersey City in contrast has some beautiful and unique buildings along the water front of the Hudson. Donald Trump just unvieled his trump Plaza buildings in Jersey City - which will be two residential buildings, one 55 stories and the other 50 stories.

http://www.aboutnewjersey.com/images/forumPics/trump_pr_JerseyCity.jpg http://www.aboutnewjersey.com/Postcards/pics/JerseyCitySkyline.jpg

Trump's tall plan for Jersey City
Luxury housing calls for highest towers in state
Wednesday, September 21, 2005

Donald Trump, who loves to describe his projects using words such as "biggest" and "greatest," will soon get to use another superlative -- "tallest." As in the tallest building in New Jersey.

Trump and Dean Geibel, principal of Metro Homes in Hoboken, announced plans yesterday for what would be the state's two tallest towers, which they plan to build on the Jersey City waterfront. Trump Plaza Jersey City, as the project is being called, would include a 55-story tower with 445 condominiums and a 50-story tower with 417 condominiums.

The taller of the two buildings would be 13 stories taller than New Jersey's current top skyscraper, the 42-story Goldman Sachs Tower at 30 Hudson St. in Jersey City, built in 2003.

"This is a high-quality luxury project worthy of the Trump name rising in one of the most exciting places in the country today," Trump, who was traveling and unavailable for interviews, said in a statement.

The project marks a turning point in the development of Jersey City, long a hotbed for rental apartments and office space but a newcomer to the luxury condominium market.

Given the scarcity of housing and skyrocketing prices in New York City, industry experts say wealthy apartment seekers are looking for alternatives along New Jersey's so-called Gold Coast. Developers who 18 months ago were wondering whether there would ever be a luxury condominium market in Jersey City have seen prices rise from $400 to $600 per square foot to nearly $800 per square foot -- or $800,000 for a 1,000-square-foot unit.

"Jersey City has always proven itself to be robust in whatever market it has entered," said Emanuel Stern, president of Hartz Mountain Industries. "It's only natural that there should be a condominium element there."

Carl Goldberg, principal of Roseland Property, which has built extensively along the Hudson waterfront, said Trump's decision to jump into the market is a signal, especially to foreign investors, that Jersey City is a major player.

"The Trump branding is so strong in the luxury market, it is meaningful that he is doing this," Goldberg said.

For Geibel, who has built smaller developments in Hoboken, the project with Trump is a bold move. While Trump becomes the public face of the project, Geibel has essentially paid a licensing fee to slap Trump's brand across his buildings. Developers have done this in the past because studies have shown Trump's name can add $100 per square foot to sale prices and increase the velocity of sales.

The $415million project at Bay and Washington streets is fully approved, and construction is scheduled to begin later this year with occupancy beginning in November 2007.

The towers will have a seven-story base that will include a 700-space garage, retail space, a private 8,000-square-foot fitness center, a rooftop plaza with an outdoor heated swimming pool, a private landscaped yard, a children's play area and an enclosed basketball court. The buildings will include studios and one-, two- and three-bedroom apartments with marble bathrooms, hardwood floors and state-of-the-art kitchens.

Geibel and Trump are set to present the project to the public for the first time tomorrow with Jersey City Mayor Jerramiah Healy. Geibel said in a statement he and Trump would create a "world-class living experience in Jersey City, with its incomparable views of the world's most famous skyline, outstanding amenities and convenient transportation links."

The positioning and triangular design of the residential towers will provide most units with Manhattan skyline views.

"It's going to take time and be stressful, but Dean is going to pull this off, and it's going to reposition Jersey City," Eric Kaiser, another leading developer in Hoboken, said of Geibel. "This is going to put Dean in the major leagues."

Jersey City has great parks, including Liberty State Park, great restaurants, transportation with the lightraill system and beautiful historic brownstones. My mother grew up in Jersey City in one of those Brown Stones. When we used to go to Jersey City when I was younger, it was in really bad shape, but now I would love to live there.

Jersey Warren
04-24-2006, 01:28 PM
When my grandfathers were born in Jersey City (one in 1900 and the other in 1904) the city was bigger than Los Angeles! Jersey City had a population of just under 200,000 in 1900; Los Angeles was only 102,479. For years, L.A. boomed and Jersey City went into decline. I had lots of relatives on Romaine Avenue when I was growing up, and my family owned a restaurant there in the mid 60s, on the corner of Sipp Avenue and Kennedy Boulevard. It was called the Olde Bill Bailee Sandwich Shop and Ice Cream Parlor.

Though it had lots of history and ethnic diversity, appearance-wise, Jersey City was little to write home about 40 or 50 years ago. It had seen better days.

But in recent years things have been turning around. It is actually developing a skyline of its own, and the dock area where my grandfather played as a kid has been renovated. The Liberty State Park area is a genuine source of pride.

Now some people are fleeing L.A. and other people ar moving to Jersey City.

Maybe someday we'll see TV shows like J.C. Law and CSI:J.C.