0917 Fall Real Estate

The Hudson Reporter

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R E A L E S TAT TA AT E GUIDE

g l l happ ening all It’s a ty!

C o u n ty! o n Coun H u d s on n Huds iin

Hudson County

Living

Cover photo by Victor M. Rodriguez

Food, fun, and familiarity

By Marilyn Baer Reporter Staff Writer

hether you are a city slicker from across the Hudson River or a newly-relocated suburbanite working in the Big Apple, Hudson County is the place for you.

Once the home of Lenape Indians and later, blue collar manufacturing and shipping workers, Hudson County has boomed into

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continued on page 6

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The Hudson Reporter Real Estate Guide ~ Fall 2017 •

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VA N TA G E YOUR PLACE TO CALL HOME NOW LEASING

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the sixth borough Manhattan never had but always wanted.

Young college graduates heading into their careers, new families, and even retirees can find what they are looking for within the county limits.

Families can take advantage of ever expanding park space with open grass fields, in which tots can gallop and play and adults can soak in the Manhattan skyline views.

Those over 21 can enjoy vibrant nightlife in downtown Hoboken and Jersey City. Gourmet eateries and bars with something sweet to sip are never farther than a few blocks away.

With all the newcomers taking advantage of what the county has to offer, new development is underway to meet the growing demand, and not just along the county’s waterfront.

bang for your buck

Luxury rentals or condos from West New York to Bayonne are a bargain compared to those in Manhattan.

Residents get more for their money on the west side of the Hudson River. Classic brownstone homes go for between $2 million and $6 million. In Manhattan the cost of a brownstone can be between $9 and $30 million.

Condominiums throughout the region are on the rise as more families are looking for longterm homes with apartment building amenities. Condominiums in Manhattan reached the average price of $2.2 million while Hudson County’s average price for a condominium was significantly less at $790,147.

Those not quite ready to be tied down to a forever home who want to try the rental market won’t be disappointed either. In Hudson County the median monthly rent has reached $2,350 while the median monthly rent in Manhattan is up to $3,350.

building communities

Those looking to be neighborly and make friends will appreciate the recent trend in these developments that aim to ensure a community atmosphere by providing meeting space and additional amenities like recreational sports leagues for a truly unique neighborhood feel.

Waterfront properties, as well as some inland developments, are creating these self-contained neighborhoods and communities with amenities such as health clubs, pools, movie theaters, and meeting space.

Projects such as the Urby on the Jersey City waterfront are exploring new ideas about community and urban living, such as a communal kitchen, rooftop barbecue, heated outdoor pool and lounge, fire pit, and fitness classes.

The new Vantage in downtown Jersey City by Fisher Development Associates is also one continued on page 9

6 • The Hudson Reporter Real Estate Guide ~ Fall 2017

Named by

M O S T I N N O VAT I V E BROKERAGE - 2017 #HVGT C (WNN 'XCNWCVKQP D[ CP KPFGRGPFGPV TGXKGY QH QH VJG Æ‚PGUV TGCN GUVCVG Æ‚TOU CTQWPF VJG YQTNF *CNUVGCF 4GCN 'UVCVG YCU QPEG CICKP PCOGF VJKU [GCToU MOST INNOVATIVE BROKERAGE KP VJG .GCFKPI 4GCN 'UVCVG %QORCPKGU QH VJG 9QTNF 0GVYQTM 6JKU OCTMU VJG PF VKOG KP [GCTU *CNUVGCF JCU TGEGKXGF VJKU CYCTF HQT KVU UWEEGUUHWN CVVGORVU CV TGUJCRKPI VTCFKVKQPCN DTQMGTCIG VJTQWIJ KPPQXCVKXG WUGU QH VGEJPQNQI[ YGD GPIKPGGTKPI OCTMGVKPI CPF EQPVGPV UVTCVGI[

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such development. The 45-story building will give residents more than just sweeping views of the Manhattan skyline.

Enhancing residents’ lives is a full suite of indoor and outdoor social and recreational amenities that includes a 24-hour concierge, cyber café, state-of-the-art health club, children’s playroom, business center, conference room, screening room, dining area, and an enclosed parking garage.

Even more so, a sixth-floor outdoor amenity deck features a zero entry swimming pool, lounge, landscaped area and full-court basketball court, while the Vantage Point Sky Lounge on the 45th floor offers a social space with incomparable views.

Some developments even go a step further by providing shopping amenities on the premises.

JMF Properties was designated the redeveloper of a major portion of the Military Ocean Terminal in Bayonne and will develop a mixeduse community there.

The new development will consist of 200,000 square feet of commercial space, 500 residential units along the waterfront, 150,000 square feet for a Costco Whole Sale Club, and 80,000 square feet for a Village Shopping Center.

The retail will serve as a place-making catalyst for Harbor Station on the peninsula and is sure to provide for all the community’s necessities.

feeling green

For climate-concerned individuals, many of the latest developments are also going green and are pursuing sustainability with LEED Certification.

Towns in the area also focus on sustainability efforts and are working to provide more open space for children to play outdoors and neighbors to enjoy more than just a concrete jungle.

The county park system encompasses 616 acres of active and passive recreation space, including the Stephen Gregg County Park in Bayonne, the Laurel Hill Park in Secaucus, and the James Braddock Park in North Bergen.

continued on page 14

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A MODERN MAST

PARK AND SHORE is Jersey City’s premier condominium community featuring unparalleled finishes and one of the most comprehensive suites of amenities in the greater New York City market. The community consists of two distinctive buildings, each with its own character. neighborhood with the Hudson River just beyond, Park and Shore offers an exceptional level of design and lifestyle that is unmatched in Jersey City.

ARTIST RENDERING

Located on a beautifully landscaped park in the Newport

Equal housing opportunity. Sponsors 75 park lane south llc and 2 shore drive north llc affiliates of Strategic Capital. The units or interests in the development are offered to the public and are sold without regard to marital status, sex, race, color, creed, religious principles, national origin, ancestry, a illustrative purposes only and may be modified, altered or changed. The complete offering terms are in the Public Offering Statement available from Sponsor. Sponsor makes no representation or warranties except as may be set forth in the Public Offering Statement and Purchaser acknowledges a unit owners of 75 park lane condominium and the residential condominium unit owners of shore house condominium. The residential condominium unit owners of shore house condominium shall have access to 75 park lane condominium amenities as set forth in the public offering statement fo

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ancestry, affectional or sexual orientation, or any other basis prohibited by the law against discrimination (n.j.s.a.10:5-1 et seq.)The artist representation of the building and any description or depiction of interior decorations, finishes, appliances and furnishings contained herein are provided for owledges and agrees that it has relied only on the terms of the Public Offering Statement. As more further described in the public offering statement for each condominium, certain amenities located within 75 Park Lane Condominium shall be for the exclusive use of the residential condominium atement for each condominium. Residential condominium unit owners of 2 shore lane condominium shall not have access to the amenities located within shore house condominiums.

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Hoboken has just begun its planning for a new 6-acre park in the towns northwest which will hold over a million gallons of storm water during heavy rain events.

On Hoboken’s southern end, the city is working on another flood resiliency park. The 2acre Southwest Park will hold 200,000 gallons of storm water runoff.

The first acre was purchased in December for $4.5 million and will include rain gardens, a central plaza, a dog run, and amphitheater.

In Jersey City, officials opened a 17-acre park last summer, costing about $35 million.

Berry Lane Park on Garfield Avenue is a former industrial site and includes a baseball field, full-length football and soccer fields, two tennis courts, two basketball courts, a playground, adult fitness area, and a spray feature.

There’s more to come. This past March, Mayor Steve Fulop announced Jersey City will buy approximately 5 acres of land from Bayonne for a new park off Sullivan Drive in the County Village neighborhood of Jersey City.

In western Hoboken, a different 2-acre flood resiliency park is being built as part of a 30-year PILOT agreement between the city and developer Bijou Properties. The park will include a playground and a 6,835-square-foot public gym and the capacity to retain 450,000 gallons of storm water.

Braddock Park in North Bergen is also receiving some upgrades after officials from the town and county broke ground in February on the improvements.

Last summer Bayonne opened the First Street Skate Park. The park near the Bayonne bridge includes a concrete mini pipe, four-set staircase, and several grind rails.

Some open space will also be developed as part of the planed residential developments in the city.

in the blink of an eye Whether you’re commuting to Manhattan on public transportation or you opt to get behind the wheel for work or a weekend getaway, Hudson County has all the easy access you need. Hudson County’s public transportation options include the PATH train, with stations in Jersey City and Hoboken to midtown and downtown Manhattan. The Hudson Bergen Light Rail runs along the river with continued on page 16

14 • The Hudson Reporter Real Estate Guide ~ Fall 2017

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stops in North Bergen, Union City, Weehawken, Hoboken, Jersey City, and Bayonne. Buses crisscross the county with several bus stops and terminals, and New York Waterway offers a ferry service to the city from Hoboken, Weehawken, and Jersey City. Many Hudson County residents also take advantage of Uber and Lyft. Hoboken and Jersey City currently have bicycle sharing programs which are constantly expanding. and Bayonne’s is in the works.

soak in the culture

Hudson County’s attractions are endless and offer something for everyone. Whether it’s kite flying in Liberty State Park or learning

16 • The Hudson Reporter Real Estate Guide ~ Fall 2017

about Hoboken’s role as a port of embarkation in WWII at the Hoboken Historical Museum, you are sure to be interested. Other attractions include Liberty Science Center, Skway

With all the newcomers taking advantage of what the county has to offer, new development is underway to meet the growing demand, and not just along the county’s waterfront.

Golf Course, the Lincoln Park Fountain, and Spirit of New Jersey cruises in Jersey City; Bayonne’s Tear Drop Memorial; the site of Frank Sinatra’s home, Carlo’s Bakery, and Pier A Park in Hoboken.

If history and parkland isn’t for you, Hudson County has its finger on the pulse of the local art scenes. continued on page 18

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Hudson County has everything from murals in Jersey City to live music at Hoboken’s Maxwell’s Tavern (the set of the “Glory Days” music video byBruce Springsteen) to galleries showcasing new local artists dotted across the county.

And if that isn’t enough, towns go out of their way to throw community-centered events such as street fairs, concerts, innovation expositions, Shakespeare in the Park, and movies under the stars.

Groove on Grove is one of a number of outdoor seasonal events taking place in Jersey City. Scores of ethnic festivals are held nearly every weekend during summer and fall and Hoboken kicks off the beginning of fall with the outdoor Spaghetti Dinner Block Party, a tradition revived from the original centennial celebration in the 1950s.

Mayor Dawn Zimmer said, “The spaghetti dinner is a wonderful end-of-summer tradition. It brings together members of our community

18 • The Hudson Reporter Real Estate Guide ~ Fall 2017

of all ages – residents who have lived here their whole lives and those who just decided to make Hoboken their home.”

The Park Theater in Union City and the Union City Performing Arts Center offer a wide variety of entertainment, music, and dance, while street fairs feature the work of many fine local artists.

Hoboken has a thriving visual arts scene with galleries and studios, as well as a number of music venues, including bars and street fairs.

Bayonne has an emerging art scene in several galleries and bars, as well as its museum and the Bayonne Community Center.

Marilyn Baer can be reached at Marilynb@hudsonreporter.com or comment online at Hudsonreporter.com

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