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HUDSON REALTY GROUP’S
  
 MONTHLY REAL ESTATE UPDATE

      
MAY 2017 EDITION

          

YOUR SOURCE FOR HOBOKEN AND JERSEY CITY REAL ESTATE
    

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REAL ESTATE AND COMMUNITY NEWS

JERSEYDIGS: Nobu Pastry Chef Opening Jersey City Heights Bakery in Former Goehrig’s Space:  “For over 80 years, Goehrig’s Bakery was a community staple for residents of Jersey City Heights, however, due to unknown circumstances, the bakery closed in 2014. But as they say, ‘when one door closes, another opens’, the Central Avenue SID reports that downtown Jersey City’s Cocoa Bakery will be opening up shop in the space…”

JERSEYDIGS:  54 Bright Street Brings Jersey City Its First Living Moss Mural:  “54 Bright Street, by developer JMA Architects Atelier, is the site of the first exterior living green wall in Jersey City. The condo building, opening this spring, will also have a green roof which is a signature sustainable amenity of JMA developments.Sustainable Jersey City (SJC), a coalition of green community…”

NIXLE:  Hoboken Residents Invited to 2nd Annual Propelify Innovation Festival: “The City of Hoboken is proud to welcome back the Propelify Innovation Festival on the Hoboken waterfront. Last year over 8,000 attendees from around the tri-state united in Hoboken for a day advancing innovation and technology. “The City of Hoboken is a great home to innovators…”

JERSEYDIGS:  Long-Awaited Hoboken Trader Joe’s Opening Very Soon:  “In what is likely the most-anticipated grocery store opening in Hoboken’s history, Trader Joe’s has finally released its opening date. The Hoboken store, located on the ground floor of the recently-opened Harlow rental development at 1350 Willow Ave, will officially open on May 19…”

YIMBY:  41-Story, 381-Unit Ellipse Nearly Complete at 1-25 14th Street, Jersey City: “A shining piece of Jersey City waterfront real estate is only months away from opening its doors. Ellipse, at 1-25 14th Street in the city’s Newport section, is nearly complete. Construction progress can be seen in the above photo from YIMBY…”

JERSEYDIGS:  Weehawken Waterfront Condo Avora Named “Community Of The Year,” Launches Second Phase Of Residences:  “After buyers quickly claimed 95 percent of luxury Weehawken condominium building Avora’s available first-phase residences, developer Landsea has kicked off phase two. So now’s your opportunity to purchase a piece of this stunning waterfront resort-style development…”

NJ.COM:  Hoboken unveils plan to boost pedestrian safety on busy street: “Newark Street has seen an increase in pedestrian traffic as residential development has filled the remaining empty spaces at Hoboken’s south end, according to city officials. That has also led to safety concerns prompting a new plan to manage one of the few two-way roads in the Mile Square…”

JERSYDIGS:  Developer Announces Name, Unveils New Rendering For 45-Story Jersey City Tower: “Fisher Development Associates recently released a new rendering and name for a nearly-complete 45-story downtown Jersey City tower. Located at 33 Park View Avenue, the 448-unit rental project will be known as Vantage. Accompanying the release is a striking new rendering showing Vantage’s glass curtain wall construction which allows for floor-to-ceiling glass windows with sweeping views of the Hudson River, Manhattan skyline and the Statue of Liberty.​ Situated adjacent to Jersey City’s Paulus Hook and Van Vorst neighborhoods, Vantage will feature spacious studio, one- and two-bedroom residences. Studios in the building are initially priced from $2,115 and new residents will have access to a slate of indoor and outdoor social and recreational amenities…”

JERSEYDIGS:  Plans Revealed For 20-Story Tower At 2973 Kennedy Blvd In Journal Square:A massive new development has been proposed for three properties at 2973 John F. Kennedy Boulevard and 96-100 Cottage Street, located at the northwest corner of Kennedy and Cottage. According to a legal notice, the building, which would be located in Ward C’s Journal Square 2060 Redevelopment Area, is slated to be a mixed-use 20-story high-rise tower. Project plans show that 79 dwelling units…”

JERSEYDIGS:  Favorite Farm of NYC Restaurants Bringing CSA to Hoboken:

“Beginning May 31st, Blooming Hill Farm will be providing customers with fresh organic produce straight from their homestead in the form of a CSA. Short for Community Supported Agriculture, the program allows a person to buy a “share” at the beginning of the farm’s harvesting season…”

YIMBY:  Revealed: Six-Story, 16-Unit Mixed-Use Building Planned at 391 Palisade Avenue, Jersey City:  “A rendering has been revealed of the six-story, 16-unit mixed-use building planned at 391 Palisade Avenue, located in the Heights section of Jersey City. The project was approved in September 2014, Jersey Digs reported, although work only recently got underway to demolish three…”

NYTIMES:  The Death and Life of Jersey City:  “Between Jersey City’s downtown and waterfront districts sits a single-story windowless pillbox of a bar with a sign outside that says “Golden Cicada.” Inside you’ll find pizza parlor chairs, flypaper chandeliers and fluorescent lights, some of them pulsating. On a recent night…”

JERSEYDIGS:  Retail Roundup, Hoboken: Sephora Planned, NYC’s Barbès Heads West, Quality Greens Kitchen Coming, More: “An established New York City restaurant and a startup fast casual café are both currently under construction in Hoboken, plus a local business is expanding their footprint on the city’s north end. French-Moroccan…”

JERSEYDIGS:  Something Fresh Is Brewing In The Heights: The Cliff Opens Saturday:  “It’s been percolating in The Heights for months, and Jersey City’s newest coffee house and brunch spot, The Cliff, will open its doors and premiere its pour-overs this Saturday, April 22nd. A true neighborhood joint, The Cliff will feature locally roasted custom coffee blends and loose leaf teas, along with clean, healthy, wholesome food. Vegetarians and vegans will find themselves welcome here as well…”

JERSEYDIGS:  235 Grand Should Add to Jersey City’s Skyline By 2019:  “Demolition has commenced at 235 Grand Street in Jersey City’s Liberty Harbor neighborhood, and a new rental building plus some added green space will be coming to the site before you know it. The property, at Grove Street’s southern terminus, was home to the Boys and Girls Club of Hudson County for over 30 years…”

JERSEYDIGS:  Rated #1 Ice Cream In NYC, Ample Hills Creamery Comes To Jersey City:  “Ample Hills Creamery, the Brooklyn-based craft ice cream phenomenon that was rated #1 ice cream in NYC by Zagat, just announced plans to open their first New Jersey location in the recently opened Jersey City…”

JERSEYDIGS:  ‘Rumba Cubana’ Opening Hamilton Park Outpost:  “A popular North Hudson Cuban restaurant is expanding south to Jersey City and will be taking up residence in a soon-to-open development. Rumba Cubana, who have locations in North Bergen and in Guttenberg along JFK Boulevard East, just signed on to lease retail space on the ground…”

HOBOKEN AND JERSEY CITY REAL ESTATE MARKET REPORT

Over the second half of 2016, the residential real estate market in Hoboken and Downtown Jersey City continued the upward trend in pricing experienced since 2012.  2016 closed out as the fifth consecutive year of pricing gains.  Since 2012, Hoboken average condo pricing is up 51%, average townhome pricing up 76% and in Downtown Jersey City average condo pricing is up 59% and townhome prices are up…<Continue in Report>

Thanks for reading our newsletter!

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

hudsonrealtygroup.com

          Clare Cossio          Peter Cossio               Matt Brown                   Lindsey Brown        Kim Beier

             

DISCLAIMER: ©2017 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

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