February 2017 Real Estate Newsletter

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HUDSON REALTY GROUP’S
  
 MONTHLY REAL ESTATE UPDATE

      
FEBRUARY 2017 EDITION
          

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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>

REAL ESTATE AND COMMUNITY NEWS

HMAG: HOBOKEN RANKS AS ONE OF THE HEALTHIES REAL ESTATE MARKETS IN NEW JERSEY  “It’s no secret that Hoboken has a vibrant real estate market—we report on it weekly.  Confirming our take, financial technology company SmartAsset has released the rankings from its third…”

NYCURBED: JOURNAL SQUARED’S FIRST JERSEY CITY TOWER WILL RENT FROM $1800 “To give you a sense of what the views might be like from those dizzying heights, the developers have sent us over  a drone-produced video that also takes  you up close to the first Hollwich Kushner and Handel Architects-designed Journal…”

SHADE TREE COMMISSION: LOOKING FOR HOBOKEN HOME OWNERS “Plant     a tree in front of your house or condo and help the Hoboken Shade Tree Commission reach our goal of 4,000 healthy street trees by 2020. If you are a Hoboken property owner or a property manager, you can…”

JERSEY DIGS: 321 WARREN GETS REDESIGNED, WILL BREAK GROUND SOON “Happy New Year, everyone! We at Jersey Digs are excited and hopeful to see what 2017 has in store for us. But before  we begin, let’s take a look back at our most-read stories from 2016. As expect,  our retail related stories performed best, but real estate held it’s own this year.”…

HOBOKENREPORTER: COMING TO NORTHWEST: TEMPORARY PARK! “This summer, the city intends to open a temporary “pop-up park,” which could include a sand volleyball court, BBQ and picnic space, and a community garden. There will also be a parking lot nearby.     On Thursday, Jan. 19 the city hosted a public meeting to discuss the possible design for the newly acquired northwest…”

NYYIMBY: REVEALED: TWO-TOWERED, 300-UNIT MIXED-USE PROJECT PROPOSED AT 177 GRAND STREET JERSEY CITY “Plans presented to the Historic Paulus Hook Association last    week call for a 22-story building along Grand Street and a 16-story building    along Sussex Street. There will be…”

HMAG:  SOUTHWEST RESILIENCY PARK: CITY OF HOBOKEN, RESIDENTS, PROPERTY OWNERS TURNING RED OVER GREEN SPACE  “To some, Hoboken Mayor Dawn Zimmer might seem like the Oprah Winfrey of park space—”You get a park, and you get a park, and you get a park…”.  Just a day after breaking ground…”

NYYIMBY: CONSTRUCTION BEGINS ON SIX-STORY, 45-UNIT MIXED-USE BUILDING AT 380 NEWARK AVENUE, JERSEY CITY “The 77,000-square-foot project will contain 45 condominiums, ranging from one- to three-bedrooms, in addition to 3,800 square feet of ground- floor retail space and a 20-car parking…”

JERSEYDIGS: MASSIVE MIXED-USE PROJECT PLANNED FOR ONE OF THE LARGEST VACANT PARCELS IN JERSEY CITY “A massive multi-phased residential and retail project is proposed for 246 Johnston Avenue and the surrounding    lots, just east of Interstate 78, in Jersey City’s Ward F. Documents from a June…”

JERSEYDIGS: PAULUS HOOK PARK GETTING RENOVATED THIS SUMMER “The plans include upgrades to almost everything, but with an effort to preserve the site’s history. The Washington Monument-inspired obelisk the city erected will be kept and the historic paving circle will be restored under the plans. But new playground equipment will complement…”

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          Clare Cossio          Peter Cossio          Matt Brown          Lindsey Brown          Kim Sullivan-Beier

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