There are sales of new residential and retail complexes scheduled for all four seasons of 2007, as well as a new pool in North Bergen slated to open this June.
January
ON SALE - American Can condos in JC: It's hard to miss the mammoth former American Can Company complex when you're driving past the Journal Square area of Jersey City.
Soon, it will be hard to miss the new condos there. They'll be on the market as early as this January, with occupancy expected by the summer of 2007.
The renovation is being done by New York City-based Coalco Construction Services, and will be completed in two phases over a several-year period. The first phase involves the conversion of two of the five buildings formerly occupied by American Can, yielding some 202 luxury condos and 1,200 square feet of retail space.
According to Coalco Director of Marketing Edward Yorukoff, the units will be put on the market as early as January. The price range for the 1,500- to 2,000- square-foot condos will be between $200,000 and $600,000, with a pool, kids' room, dog run, and screening room.
An additional 398 units may be added at a later date with the renovation of the remaining three buildings of the complex, bringing the total number of condos to 600.
February
SOON TO OPEN - Home Depot, NB and JC: In addition to national chains such as Lowe's Home Improvement and Target moving onto North Bergen's Tonnelle Avenue, a brand new Home Depot will be opening at 7605 Tonnelle Ave. on Feb. 1. It will join many other new chain stores in the growing retail area that is Tonnelle Avenue.
Another Home Depot coming to Hudson County will be located in Jersey City outside the Holland Tunnel. Site work is currently taking place at the 3.3-acre site situated between 12th and 14th streets, Manila Avenue, and Marin Boulevard. The store, which will open toward the end of 2007, will be located in a one-story building and provide 471 parking spaces for customers.
March
COMPLETED - Riva Point, Weehawken: The builders of Riva Point, a pier in Weehawken's Lincoln Harbor section that juts out approximately 1,000 feet into the Hudson River, will be completing its last 65 condos in March 2007.
The 237-unit condo complex at 600 Harbor Blvd. will also see a passive recreational waterfront park at the tip of the development this year.
The current prices for the units range from well into $400,000 to over $1 million.
May
MOVE IN - Developments on Hoboken's west side: In Hoboken, new developments are infusing a new demographic into the city's southwest, which is currently dominated by the federally funded Housing Authority projects.
Across from the federal housing projects, where rents range from $25 to $500 a month, one-bedroom luxury condos will be offered for $339,000 and two bedrooms for $499,000 at two small condo complexes called The Emsee and the Ariel Square condominiums. They are being built by New York-based Tree Top Development.
Ariel Square is a four-story building. The Emsee is a four- and five-story building. Construction on both sites will continue through 2007, with residents expected to move in as early as May.
Spring
BREAKING GROUND - Hudson Exchange in JC: On the Jersey City waterfront, a 269-unit, 436-foot high condominium development at Second Street and Washington Boulevard is scheduled to break ground in the spring of 2007.
The "Hudson Exchange" is being built by Jersey City-based Fisher Development, and will, in addition to the residential units, include 6,000 square feet for retail and restaurants, 275 parking spaces, and a marina and walkway along the Hudson. The project is scheduled to be completed within two years.
BEGINNING CONSTRUCTION - Affordable homes, WNY: In West New York, ground was broken this past November on two affordable housing projects funded by federal, state, county, and local dollars. In the spring, construction will commence on a 70-unit condo complex called 52nd Street Homes, with 63 of the units being affordable and the remaining seven for low-income residents.
At 438 62nd St., an 11-story senior residential building is also underway, named the Kennedy Tower II. The building will consist of 70 apartments spread over nine stories, and a two-story parking garage.
Both buildings are scheduled for completion by the winter of 2008. They are being overseen by the West New York Housing Corporation in conjunction with the West New York Housing Authority.
COMPLETED - Velocity condos, Hoboken: On the corner of Sixth and Jackson streets, locally-based Remi Companies has transformed a former west side tow yard into a high-end, four-story 128-unit condominium called "Velocity." The developers have already sold 75 percent of its units that are being offered from mid- $400,000 to high- $600,000. Construction is scheduled to be completed by the spring of 2007.
COMPLETED - Park near Port Imperial South in Weehawken: Developers Roseland Properties are continuing their complex of waterfront townhouses and condominiums at Port Imperial South, which is located on Weehawken's waterfront.
A Roseland representative said the 18.1-acre Weehawken Waterfront Park, which the township will rename at a later date, will be completed this spring or summer. The public park, which is being donated by Roseland Properties, will include a football and soccer field, baseball diamond, tennis courts, a running track, and passive recreation space.
June
OPENING - North Bergen Municipal Pool: North Bergen Township's new swimming pool facility off of 91st Street will open in June, 2007.
Summer FOR SALE - Secaucus Transit Village: The massive Secaucus Transit Village, to be built around the town's train junction, hopes to have the first few hundred units available by the summer of 2007.
Construction on the 237-acre site began in 2006 and will continue for several years, totaling 2,035 units, of which 230 will be set aside for affordable housing.
When completed, the project will increase Secaucus' population from 15,000, to about 21,000 residents.
COMPLETED - Park Hudson in UC: In Union City, The Park Hudson Group will be completing an eight-story development this coming summer at 4301 Park Ave. The 70-unit structure will consist of one- to three- bedroom luxury condos costing between $275,000 and $375,000, and penthouses with a view of the Manhattan skyline costing between $900,000 and $1.2 million.
The building, which has not yet been named, will also include two floors of parking.
Also going up in Union City will be a 108-unit, high-rise at 3125-3129 Summit Ave. The 10-story building, which is being constructed by Carlos Crespo Developers, will include a four-story sub-level garage.
COMPLETED - Watermark in NB: In North Bergen, a 206-unit luxury condo building called Watermark on the Hudson at 8100 River Road is scheduled for completion in August or September of 2007.
The 12-story building will feature outdoor and indoor swimming pools, a 10,000-square-foot health club, a movie theater and billiards room, and a two-story garage.
The price range for the condos is between $1 million for a 900-square-foot unit and $4.85 million for a 3,400-square-foot unit. Over 85 percent of the units have already been sold.
COMPLETED - K. Hovnanian's 'Views' in NB: In North Bergen, K. Hovnanian home builders, a multi-billion dollar national development corporation, is continuing construction on "Views at Hudson Pointe," a 146-unit luxury building.
The four-story building, located at 7200 River Road, is scheduled for completion in the summer of 2007. Units that range between $600,000 and over $1 million.
COMPLETED - Former factory at Hoboken's 1500 Garden St.: On Hoboken's northern border, residents are witnessing several massive construction projects from the multi-billion dollar, national real estate development company Toll Brothers.
Since the spring of 2006, drivers going into the Lincoln Tunnel have been watching the old "skeleton" building at 1500 Garden St., which formerly housed the General Foods Factory, being converted into 748 luxury condominiums called "Harborside Lofts."
The 10-story structure will consist of 13-plus-foot ceiling, loft-style condos, ranging from high $400,000 to over $1 million, offering residents amenities such as a 24-hour concierge, fitness center, 1,250-car garage park space, and a shuttle bus to the PATH train terminal.
The project is scheduled for completion in the summer of 2007.
COMPLETED - Gull's Cove towers, JC: In Jersey City, watch for a high-rise complex called the Gull's Cove at 205 Luis Munoz Marin Blvd., which will consist of three towers of varying sizes. The 9-, 15-, and 16-story buildings will house about 431 residential units and will be completed by Metro Homes LLC in August of 2007.
Once finished, the site will also feature 30,000 square feet of retail space on the ground level, including a Wachovia bank, restaurant, coffee shop, and dry cleaner.
December
COMPLETED - Athena Condos, JC: Not all Hudson County development happens near the waterfront. There is a good deal of construction this year inside the towns, causing a gradual demographic switch.
Nowhere is this more evident than in Jersey City, where entire districts are being revitalized, such as Journal Square and Downtown Jersey City.
Several buildings that broke ground in the interior of Jersey City in previous years are either nearing or coming to completion in 2007. One such project is the 34-story Athena Condominiums, located at 415 Washington Blvd. With its 24th floor currently under construction, the 150-unit, glass and brick-faced development is scheduled for completion in December of 2007.
The condos, with 15-foot high ceilings, start at $410,000 for one bedroom and go up to $1.2 million for two bedrooms.
Some time in 2007
BREAKING GROUND - Three-tower complex near hotel, JC: Another development being constructed on Washington Blvd. is the three-tower complex surrounding the Double Tree Hotel. The complex is being built by Roseland Properties.
The San Remo, Monaco I, and Monaco II developments are located between Fourth and Sixth streets.
The buildings are scheduled to break ground sometime in 2007 and expected to take at least two years to complete the first phase of construction, consisting of the 46-story Monaco I and Monaco II towers.
The construction date for the San Remo building is not yet available.
This massive 674-unit condominium complex will be situated in former parking lots of the Double Tree Hotel and connected by a landscape deck, as well as a parking deck between Monaco I and Monaco II. There will also be 35 spaces available for retail to include an array of small restaurants, coffee shops, and other establishments.
Nearby in the Meadowlands...
Construction on the Secaucus Meadowland's Xanadu, a 2.2 million-square-foot retail and entertainment project in East Rutherford, will continue throughout 2007. Management of the project was transferred to Colony Capital Acquisitions in the fall of 2006, after Mills Corporation suffered considerable financial problems.
Colony has recently secured a $900 million construction loan, which they will use to accelerate construction in the coming year, with the hope of completing the project by 2008. When finished, Xanadu is expected to include such attractions as an indoor ski dome, minor league baseball stadium, and movie theaters, as well as an array of retail stores.
Michael Mullins can be reached at mmullins@hudsonreporter.com. A three-tower condo complex will surround Jersey City's Double Tree Hotel.
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