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Originally Posted by nyc_alex
That is exactly as you said, comically bad.
I don't understand what is stopping a 50+ story tower here. They had no problem fully leasing the Ellipse very quickly at $4+/sqft.
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It's not the developers holding back. They want to build tall as they can charge more per sqft on higher floors. Ellipse was a resounding success. It leased quickly even thought it had the highest rents in Jersey City, on par with several neighborhoods in Manhattan across the river.
I believe I've heard it's a NIMBY issue, and not from an area you'd expect. Something about view corridors from the Palisades.