The Planning Board met today, the agenda is here:
http://data.jerseycitynj.gov/dataset...d/10.may30.pdf
LeFrak proposed two more new buildings, on the north side of 18th St along Grove/Jersey Aves in the Lackawanna section today, just south of the Hoboken railyards. 139 units and 119 units, both 10 stories. Unknown how much parking, but the area requires 0.5 spots per unit, with a cap of 1 spot per unit max.
Also a nice infill project was proposed in the Village, retail on the ground floor/mezzanine, 18 units, 4 stories, on a 25-ft lot (so no parking required) next to White Eagle Hall.
Quote:
Originally Posted by CIA
Fulop was spectacularly wrong. Newark grew faster than Jersey City from 2015 to 2016 and remains the State's largest city.
|
Yeah, I think it was obvious at the time that JC would have to pull off historically explosive growth to overtake Newark. If you looked at the permit numbers, it was obvious not enough new units were being built to close a 34,000-person gap by 2016. But I remember getting shouted down on another forum for saying this was unlikely before 2020. I love JC, but some boosters are just too blinded by their boosterism.
I think a lot of it has to do with the discretionary approval process for redevelopment areas. A lot of proposals that are really far from being realized are presented at the planning board. Developers just want to get their projects approved, because it reduces uncertainty and makes the site more marketable and allows them to get loans and mortgages. But once they're approved, they're on everyone's radar. That's why Jersey Digs's article about 37,000 units coming to JC was so silly. It was not only a bunch of hype and a misrepresentation, but it stirred up a hornet's nest of "concerned" NIMBYs warning about "overbuilding" (which really means rents going down in response to lots of supply). They freak out about buildings that might not get built before they're dead. If you look at the actual number of new building permits this year in JC, it has slowed to a trickle. Only 18 units filed for building permits last month! There's a slowdown in new construction coming soon.
In NYC projects that are as-of-right under zoning don't need Planning Board approval. Thus hundreds of thousands of units around the NYC have the same status as "approved" projects in JC. But that doesn't mean those hundreds of thousands of units are getting built anytime soon.