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REAL ESTATE AND COMMUNITY NEWS

 

HOBOKENNJ.COM: HOBOKEN MEMORIAL DAY PARADE

“Hoboken’s 117th Annual Memorial Day Parade will take place on Wednesday, May 20th, 2015. The parade will assemble at 6:00pm and step off at 6:30pm from City Hall (1st Street and Washington Street) and proceed north on Washington Street to the reviewing stand on 10th Street & Washington St…”

 

HUDSONREPORTERHOBOKEN: HERE COMES THE BOOM

“364 high-end residential units are set to open this year, with 376 more units slated to follow in 2016. The new towers are capitalizing on enhanced options for fine dining and shopping in the neighborhood, as well as the ease of access to Manhattan provided by the Fourteenth Street ferry terminal and regular NJ Transit buses…”

 

NJ.COM: DEVELOPER JARED KUSHNER “VERY BULLISH” ON JERSEY CITY REAL ESTATE

“Right now we’re very focused on One Journal because that really will change the entire area of Journal Square, hopefully,” he told the Times. Kushner is also behind a luxury high-rise going up on Bay Street Downtown. His cousin, Jonathan Kushner, is building the three-tower project slated for the eastern end of the PATH transportation hub.”…

 

HOBOKENNJ.COM: PUBLIC MEETING TO BE HELD FOR WESTERN EDGE REDEVELOPMENT

“The general public is invited to a community meeting regarding the Western Edge Redevelopment Plan on Thursday, May 21, 2015 at 7:00pm at the Jubilee Center at 601 Jackson Street in Hoboken.”…

 

NJ.COM: NEW ITALIAN RESTAURANT ON HOBOKEN WATERFRONT HONORS FRANK SINATRA

“Blue Eyes Restaurant, located on the Hoboken waterfront, opened its doors in late April and since has been in full swing, offering authentic and wood oven-made Italian dining with stunning views of the Manhattan skyline.”…

 

GOTHAMIST.COM: NJ MAN LEADS THE FIGHTTO FEATURE PATH TRAINS PROMINENTLY ON THE NYC SUBWAY MAP

“We already show PATH where it meets the subway system, although without seeming to imply nonexistent free transfers at the Sixth Avenue stations, and making PATH more prominent would require shrinking the subway portion of the map slightly to accommodate more of the New Jersey waterfront on the…”

 

CURBED.COM: A GUIDE TO ALL THE MEGAPROJECTS TRANSFORMING NEW YORK CITY

“These megaprojects will not only bring many thousands of apartments—both priced at and below market rate—to the city, but they’ll also bring along new cultural attractions, retail, and all the hype that has wooed people to New York City from time immemorial.”…

 

HUFFINGTONPOST.COM: LIMITING RETAIL CHAINS WHILE SUPPORTING SMALL BUSINESS IS KEY TO URBAN VIBRANCY AND EMPLOYMENT GAINS

“In Jersey City, we are looking to maintain our eclectic and unique retail mix by limiting certain types of stores, restaurants and banks. Under our plan, which is similar to what San Francisco has done, only 30 percent of commercial space in certain downtown areas can be rented to a business that has 10 other properties within 300 miles of Jersey City.”…

 

AMNEWYORK: ‘AWESOME’ NEW PATH STATION AT WORLD TRADE CENTER OPENS THURSDAY

“At the center is the Oculus, which from the outside looks like the spine peeled out of a fish. Below, with half of the glass installed, light shines through its ribs, the longest one reaching 202 feet in the sky. Its awesome and I mean that in the actual sense of the word awesome.”…

 

HUDSONREPORTERHOBOKEN: HAVE YOU SEEN THIS SLIDE?

“Ultimately, though, if you want to find the longest slide in Hoboken, you have to know to look for it in advance, which is unlikely unless you live in Hoboken’s extreme north end or play sports on the turf field of 1600 Park.”…

 

JERSEYCITYFYI: JUST IN: FISHER DEVELOPMENT ASSOCIATES BREAKS GROUND ON FIRST OF TWO HIGH-RISE BUILDINGS IN JERSEY CITY’S LIBERTY HARBOR NORTH

“Located at 33 Park Avenue between Luis Munoz Marin Boulevard and Seventh Street, the new high-rise residential offering will feature 448 upscale apartment homes and a full suite of world-class amenities and services in a convenient location just steps from…”

 

COMMUNITY EVENT

 

Get Your Game On: Support Education in Our Community

Swing Fore The Schools Golf Outing – 2015  
     
The 2015 Swing Fore the Schools Golf Outing is celebrating their 5th year!

Held at the incomparable Crystal Springs Resort, Thursday June 4th at 11am. 

Come out and show your support for 6 local schools in your community: Elysian Charter School, Hoboken Charter School, Hoboken Dual Language Charter School (HOLA), All Saints Episcopal Day School, Mustard Seed School & Stevens Cooperative School. 

       

 

2015 SPRING TREE PLANTING JERSEY CITY WIDE APPLICATION

 

JERSEY CITY DEPARTMENT OF PUBLIC WORKS PROUDLY ANNOUNCES 2015 SPRING TREE PLANTING


The Department of Public Works proudly announces the 2015 Spring Tree Planting. In an effort to make Jersey City a Cleaner & Greener place, we are offering 3 ” to 4 ½ ” caliber trees for $200.00 dollars. If you have any questions please call the Division of Parks Maintenance at 201-547- 4449.

 

MORTGAGE RATES

 

BANKRATE.COM: MORTGAGE RATES RISE ON GLOBAL BOND SELL-OFF
Rates: 4.01(30-yr fixed) 3.22%(15-yr fixed)
  

“What’s affecting interest rates more than anything is what’s been happening overseas, especially in Europe,” says Brian Rehling, chief fixed income strategist with Wells Fargo Advisors. “Bond rates there continue to back up, driving our rates higher.”…

 

HOBOKEN AND JERSEY CITY REAL ESTATE MARKET REPORT

 

 


  
M
ARKET RECAP
   

Hoboken and Jersey City’s residential real estate market continued to move at a brisk pace over the 2nd half of 2014 with widespread multiple offers that tested buyers and thrilled sellers. Properties went into contract in an average of just over 30 days at a discount of less than 1% below the asking price.  The market sustained it’s upward trend for pricing and volume for both condominiums and townhomes, setting all-time records in many categories.  The overall dollar volume of residential property sales in Hoboken reached $704M, 28% above the previous record of $551M set in 2007.  Jersey City also set a record high at $427M, 58% more than 2007 levels but only 2% above 2013’s record of $417M.  2014 was the first year the average condo prices and price per square foot in Downtown Jersey City exceeded that of Hoboken with averages of $608k vs $603k and $602/SF vs $589/SF. <continiued in report>

 

 

Thanks for reading our newsletter! 

 

Please don’t hesitate to contact us if you have any questions, comments or concerns.


Peter Cossio      Clare Cossio      Lindsey Brown     Matt Brown

 

Hudson Realty Group at Halstead Property

  

hudsonrealtygroup@halstead.com

 
201.478.6709

 

                
 

 

DISCLAIMER: ©2015 by Hudson Realty Group at Halstead Property New Jersey LLC.  All Rights Reserved.  This mail is for the named addressees only.  If you are not the intended recipient, please delete it from your files.  All information is from sources deemed reliable but is subject to errors, omissions, change of price, prior sale or withdrawal without notice.  No representation is made as to accuracy of any description.  All measurements and square footage are approximate and all information should be confirmed by customer.  Halstead Property and Hudson Realty Group do not represent the sale of the new construction developments highlighted in this newsletter.  All rights to content, photographs and graphics reserved to Broker.  This information may not be copied, commercially used or distributed without Halstead Property’s prior consent. 

Hudson Realty Group at Halstead Property NJ LLC

200 Washington St Hoboken NJ  |  201.380.3871

Hudson Realty Group is a closely integrated team with exceptional knowledge of the Hoboken real estate and Jersey City real estate markets. Our expertise includes: condosbrownstoneslofts and new developments