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Old 03-19-2012, 01:50 PM
 
Location: On the Rails in Northern NJ
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Quote:
The project is going to consist of three towers, and a mix of office, residential, and retail, although the project will be chiefly residential, with 2,000 new units. One of the main components is a large plaza occupying a portion of the lot, providing a focal point for public gathering and much needed open space in an area that is densifying quite rapidly. As development pressures continue to rise, Jersey City should continue gaining substantial verticality. It will be interesting to see whether Brooklyn and Long Island City answer their competition across the Hudson River with supertall developments of their own.

Most importantly, the project shows that supertall residential developments are becoming increasingly feasible even outside of Manhattan. While the project's construction is by no means a guarantee and it appears to still be in the proposal phase, regional demand for new construction is extremely high, with the wealth of the New York metropolitan area allowing new towers to rise so high (views are one of the drivers for highrise demand, and the sweeping vistas from the tops of these towers will be extremely impressive).
http://handelarch.com/images/projects/location/jersey-city/journal-square/1.jpg (broken link)

http://handelarch.com/images/projects/location/jersey-city/journal-square/2.jpg (broken link)
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Old 03-19-2012, 02:46 PM
 
Location: Randolph, NJ
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Interesting, but I'd have to see it get beyond proposal phase to really believe. Those would be 200+ feet taller than the Goldman building?
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Old 03-19-2012, 03:32 PM
 
Location: Coastal New Jersey
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Pretty. Who is building/planning it?
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Old 03-19-2012, 03:33 PM
 
Location: NJ
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can you link the article you are quoting?
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Old 03-19-2012, 03:35 PM
 
Location: On the Rails in Northern NJ
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Quote:
Originally Posted by CaptainNJ View Post
can you link the article you are quoting?
New York YIMBY: Journal Square Development: Jersey City's First Supertall?
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Old 03-19-2012, 03:38 PM
 
Location: NJ
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i hope there is the demand to fill those 2,000 units.
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Old 03-19-2012, 03:39 PM
 
Location: Coastal New Jersey
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At Journal Square? Nice. I hope to see that area start with its redevelopment soon.
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Old 03-19-2012, 03:43 PM
 
Location: On the Rails in Northern NJ
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Originally Posted by CaptainNJ View Post
i hope there is the demand to fill those 2,000 units.
Theres too much supply and not enough demand in this region which why prices are so high....this should take a small bite out of out of the demand. To put a huge dent you need at least 30,000 apartments / Condos.
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Old 03-19-2012, 03:55 PM
 
Location: NJ
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Quote:
Originally Posted by Nexis4Jersey View Post
Theres too much supply and not enough demand in this region which why prices are so high....this should take a small bite out of out of the demand. To put a huge dent you need at least 30,000 apartments / Condos.
excuse me?

that seems like the opposite of the theory of supply and demand.
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Old 03-19-2012, 04:22 PM
 
Location: On the Rails in Northern NJ
12,381 posts, read 23,670,530 times
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Quote:
Originally Posted by CaptainNJ View Post
excuse me?

that seems like the opposite of the theory of supply and demand.
Well I guess you haven't seen the recently Harrison Development , or Jersey City Developments or Long Island City or Downtown Brooklyn....these buildings are filling up with 4-8months...
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