JERSEY CITY | Hudson Exchange West (6 block development) | 12 Towers |

[chris08876]

Credit: http://ibid.vn/du-an/du-an-hudson-ex...dson-exchange/

Investment Summary
Product Type
Mixed - family apartments and retail space
Location
Jersey City, New Jersey
Apartment / Retail
421 family apartments
Retail square 11,000feet
35-storey building with garage
Total cost *
224 trieuUSD
Developer
Forest City Enterprises
Loans EB-5
Up to 330 trieuUSD
Investment Type
Secondary loan EB-5
Term Investment
Five (5) years; with two 1-year extension
EB-5 investors
66 investors with $ 500,000 / investor
Guaranteed & Mortgages
Forest City Enterprises, Inc. will ensure equity loan project and will ensure the completion of construction.

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Hudson Exchange is located in the region would be an overall development. Apartments Hudson is the first step in the process of developing an overall community in the next 10 years. The project will be located along the Hudson River from New York City in Jersey City, NJ. Project location facilitates easy travel to Manhattan and the famous restaurants, tourist attractions, entertainment venues, and airports. Jersey City is projected to be the largest city in New Jersey in 2016. Many financial institutions, investment banks, consulting firms and the largest has offices in Jersey City. Creating employment - 29 jobs expected on each investor. - General number of jobs created will exceed the minimum requirement of 196%. - Self employment from construction will require 144% pass. The developer Forest City is a well-known company developing nations and were delivered a public service for over 50 years. There are over 60 million of equity in risky projects, accounting for over 28% of total project costs. - Long-term commitment. Forest City has an overall development plan for Exchange Hudson; this is the first phase of the development project lasted more than 10 years. - Phase I must be completed and successful operation for Forest City to continue the next phase of the overall plan. - Forest City can keep long-term assets, so the repayment of the loan will come from the refinancing of the project after the project has achieved stability. - Forest City Enterprises will provide complete guarantee. - Forest City Enterprises will insure loans with equity in the project. - In addition to building track record multiple family apartments and mixed zones, Forest City has succeeded in using 350 million dollars MORE funded from EB-5. Civitas Regional Center

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http://ibid.vn/du-an/du-an-hudson-ex...dson-exchange/

[chris08876]

Hudson Exchange Project:

• Video Link

[limak116]

That bedroom view really cracks me up. This building is going to be sitting behind the Monaco at about 2/3 of the height.

[limak116]

And I really look forward to the day when the selling point for Jersey City is Jersey City itself and not MANHATTAN MANHATTAN MANHATTAN!

[chris08876]

Originally Posted by drumz0rz

I think JC is still held back by the PATH though. As much as developers are building, adding tens of thousands of new residents to the Downtown area, the PATH continues to lumber on like an old geriatic dog. For the Western side of the Hudson to become really developed in a true 'hong kong' style, we really need to improve the mass transit (subways) under the river.

I agree. The whole region in general needs a massive overhaul. Well, one day. We just have to wait, because in the U.S., transit projects take decades unless its absolutely necessary. And even then, it still takes a while.

Originally Posted by limak116

And I really look forward to the day when the selling point for Jersey City is Jersey City itself and not MANHATTAN MANHATTAN MANHATTAN!

Depending who you ask, it already is. Some like the skyline views at a fraction of the cost and prefer the less crowded nature of JC. Really, price comes down to it. Waterfront is expensive, but certain neighborhoods are good deals per sq-ft, and not necessarily ghetto either. Even when it comes to the waterfront, its a hell of a deal compared to Manhattan.

[limak116]

Originally Posted by chris08876

Depending who you ask, it already is. Some like the skyline views at a fraction of the cost and prefer the less crowded nature of JC. Really, price comes down to it. Waterfront is expensive, but certain neighborhoods are good deals per sq-ft, and not necessarily ghetto either. Even when it comes to the waterfront, its a hell of a deal compared to Manhattan.

I agree Chris, but if you watch the video just posted above it seems to be all they talk about.

[chris08876]

Yeah thats my point as I posted the clip . Its a big reason and developers know this.

People don't move to JC because of the culture, but because they can't afford Manhattan or would like to not spend 70% of their income on housing or share it with somebody.

[nyc_alex]

Originally Posted by chris08876

Credit: http://ibid.vn/du-an/du-an-hudson-ex...dson-exchange/


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http://ibid.vn/du-an/du-an-hudson-ex...dson-exchange/

What the heck?! Is that for 99 Huson maybe? That looks like the condo itself is at 1000 ft. Unless they have major plans we haven't heard about yet...Except the angle is off too. This would put it way downtown by Exchange Place. Probably just poor marketing. The window looks like it has a handle and slides open. Probably not a good idea with a toddler and no balcony at 1000 ft

[C.]

So that would be the exact view from 99 Hudson. Hudson Exchange is much further North and is surrounded by buildings of similar heights.

Does this sound right?

[chris08876]

It does. IDK why its on the eb-5 site for Hudson Exchange.

But a cool view nevertheless. That kid in the picture can't appreciate that view. I need to be there, with his mom.

[JR Ewing]

This is the Age of Ramses! The Sixth Borough is booming!

P.S.: The video is worth watching for the blue eyed brunette. She's perfection.

[citybooster]

That kind of view ain't happening. they're only going with 35 floors for this one, and at max this will be 400 ft. And where its being built, there are several towers either now existing or that will be built that are taller... so you will not have any clear angle for such breathtaking views. The other towers in this development will range from 35-40 stories and if more than a handful have New York skyline views of any consequence I'd be shocked.

I'm all for the development though of what will be essentially a whole new neighborhood, with 12 towers planned on this huge, severely underused lot. It will bring much needed life to the area and will open up street grids ... it will be an exciting, vibrant development. What it won't have, however, is the stunning views as seen above and even the video doesn't pretend it does.

[chris08876]

Originally Posted by JR Ewing

P.S.: The video is worth watching for the blue eyed brunette. She's perfection.

I agree. Some gem citizens in the sixth borough. That and in Hoboken. Single ladies capital.

[JR Ewing]

Originally Posted by chris08876

I agree. Some gem citizens in the sixth borough. That and in Hoboken. Single ladies capital.

I agree, Chris. Hoboken is tang central!

[citybooster]

Originally Posted by CIA

So that would be the exact view from 99 Hudson. Hudson Exchange is much further North and is surrounded by buildings of similar heights.

Does this sound right?

There's the two Monaco towers at about 500 ft, the two Marbella towers at 429 and 450 ft respectively, and in the one area where there is a clear view in another year or two groundbreaking there for the San Remo which will be tallest yet at 61 stories and 0ver 650 ft. That sure looks more conducive to 99 Hudson which if the sparse info since the final approval from the Planning Board this past Tuesday is correct, has at 79 stories, and still at least 900 ft. It's very misleading if they are promoting this Hudson Exchange West tower (in reality 35 stories, 400ft) as having any real views of Manhattan... just too much going up to block it.

There are still two big lots on Hudson Street which breathtaking view potential, both currently owned by Goldman Sachs... 50 and 55 Hudson. Also, if they ever develop Harborside 4 as an office tower (Harborside 6&7 lots now being made into three residential towers, each standing around 70 stories or so at about 700ft)it lines up square with a tremendous view of the WTC complex and Lower Manhattan.

However, no views like that in any way from the Hudson Exchange project once San Remo fills the skyline directly in front.

[chris08876]

Credit: Towerpower123

[chris08876]

Under Construction


Credit: JC_Heights

1 tower part of a multi tower development.

[chris08876]

Credit: http://jerseydigs.com/new-lawsuit-st...s-renaissance/

[C.]

The first tower is finishing up and it looks like they're going to start on the second one next door. The build out for this development is something ridiculous like 2030. I hope they're ahead of schedule.

[chris08876]

Credit: JC_Heights