New Ferry Terminal Opens
From the Star Ledger:
The ferries will be pulling out of Weehawken in style
"In a mass transit version of the past revisited, state and local officials yesterday christened a new $44 million ferry terminal at a light-rail station along the Weehawken waterfront where decades ago trains delivered passengers to ferries plying the Hudson. "
""With the Hudson-Bergen light-rail station across the street, our vision of an interconnected, seamless web of mass transportation has ultimately become a reality," U.S. Sen. Robert Menendez (D-N.J.) said at yesterday's ribbon-cutting ceremony for the ferry terminal at Port Imperial."
"The terminal opens to the public today, replacing the existing terminal -- a converted ferryboat -- several hundred yards to the south."
"The ferry terminal and light-rail station are the centerpiece of a transit village that Arthur Imperatore, who revived ferry service along the Hudson two decades ago, and his son Arthur Jr. envision along two miles of waterfront they own at the foot of the Palisades. The younger Imperatore said the complex, which the Imperatores are developing with partners, is to include some 2,200 residential units, 1.3 million square feet of commercial space, a 400-room hotel and a parking deck with 1,500 spaces reserved for ferry users."
"The terminal and light-rail station sit astride a riverfront corridor of burgeoning economic development, with residential complexes, office buildings, shopping malls, restaurants and marinas on what were once abandoned railroad yards and rotting piers. Arthur Imperatore Jr. said the first 44 brownstones of the 2,200 residential-unit complex planned for Port Imperial have been selling for $2 million apiece."
""It's become a very hot real estate market," he said. "People want to be near the ferry. It's a very good place to live.""
The ferries will be pulling out of Weehawken in style
"In a mass transit version of the past revisited, state and local officials yesterday christened a new $44 million ferry terminal at a light-rail station along the Weehawken waterfront where decades ago trains delivered passengers to ferries plying the Hudson. "
""With the Hudson-Bergen light-rail station across the street, our vision of an interconnected, seamless web of mass transportation has ultimately become a reality," U.S. Sen. Robert Menendez (D-N.J.) said at yesterday's ribbon-cutting ceremony for the ferry terminal at Port Imperial."
"The terminal opens to the public today, replacing the existing terminal -- a converted ferryboat -- several hundred yards to the south."
"The ferry terminal and light-rail station are the centerpiece of a transit village that Arthur Imperatore, who revived ferry service along the Hudson two decades ago, and his son Arthur Jr. envision along two miles of waterfront they own at the foot of the Palisades. The younger Imperatore said the complex, which the Imperatores are developing with partners, is to include some 2,200 residential units, 1.3 million square feet of commercial space, a 400-room hotel and a parking deck with 1,500 spaces reserved for ferry users."
"The terminal and light-rail station sit astride a riverfront corridor of burgeoning economic development, with residential complexes, office buildings, shopping malls, restaurants and marinas on what were once abandoned railroad yards and rotting piers. Arthur Imperatore Jr. said the first 44 brownstones of the 2,200 residential-unit complex planned for Port Imperial have been selling for $2 million apiece."
""It's become a very hot real estate market," he said. "People want to be near the ferry. It's a very good place to live.""
22 Comments:
With NYC,LI RE so expensive, the continued realization of NYer's that NJ can be even more of a convenient commute and is not the worst place on the earth, this are may still show signs of future appreciation. I'm sure it too is feeling the affects of this decline, but there really aren’t very many places that offer this life style for these people to reside.
Weehawken and Edgewater are actually quite inconvenient. Along River Road, you basically have ONLY condos, and maybe a couple of giant hess oil tanks. There is only one area with a couple stores including a target and a supermarket. Getting in and out of that area is a horror show. Its got great views for the residents on river road, and an easy commute to NYC, but other than that, it sucks and is over priced.
I have lived in Edgewater for 5 years. There is so many places to shop, City Place, Edgewater Commons and more coming in the future. The thing that is missing is resturants, not enough for the amount of growth Edgewater has seen. But you can always go into Cliffside Park or North Bergen for good food.
Yes, Edgewater has gotten very busy, but that is because of the great location to NYC,Hudson river and every major highway or airport.
The commute isn't great because unless you work close to the ferry, the little ferry bus is horribly inconvenient at rush hour. Hoboken is much more convenient with the PATH and the ferry.
GSML Invenotry continues its' relentless rise EVERYDAY!
30,000 here we come BOOOOYAAAAA!
Does not Include FSBO.
May 23 ------ 29,626
may 22 ------ 29,496
May 19 ------ 29,398
May 18 ------- 29,260
May 3 ------- 28,110
April 12 ------26,582
March 6 24,111
OVERPRICED HOUSING PILING UP EVERYDAY.
BOYCOTT RIPOFF HOME PRICES..
BOOOOYAAAAAAA
Bob
I live on River Road in West NY. New enormous condo developments are going up like weeds. The amount of new supply coming online is staggering. Further, RR is already overstuffed w traffic. Going towards NYC, it goes down to one lane. The infrastructure needs to be changed as it is already too busy, never mind w 1000 new condo units. The govt waste known as the light rail does not help.
River Road from the GWB to the Ferry is going to be a disaster. As one poster already noted, the inventory wave will not stop.
The area is landlocked and most of the buildings are McHighrises of maximum density. It is the worst of all worlds: urban, dirty, dense, heavily trafficed, landlocked, but you need a car to go anywhere - it's like a Stephen King novel.
Dont forget the ridiculous 1 lane road going under the train tressal from Weehawkin to Hoboken. Hasnt been fixed since the 1800s. Condos condos condos, and nothing else.
Edgewater has basically 3 ways to get out. Gorge Road area (now a mess since city center was built), Fort Lee(bridge traffic) or Hoboken (traffic nightmare).
No infrastructure planning was done for Edgewater. Just massive condo buildup. You reap what you sew.
I believe that the cost of the Ferry 1 way is $7.00. Round Trip is $14.00 for the day. And when you get off the ferry, you still have to hop on a bus to go to your destination which can take from 15 minutes to a half hour pending on traffic.
Busses in the same area to NYC from NJ - around $2.00 1 way pending on where your stop is.
Do the math. These guys are raping people for their commute. Sure the open air is nice in the summer and sometimes worth it, but for a daily commute, forget it.
The condos they built right by the ferry were all cookie cutter condos and most were build very cheaply. I'd also encourage you to check out the soil they were all build on - they had to decontiminate it.
Also - there is a very chemical like smell that comes off the Hudson from barges, factories. You can smell it from upper Hoboken to Edgewater, then up the cliff by Fairview, Cliffside Park.
Living by the Hudson aint that grand people. It's just expensive. Short commute to NYC and Hoboken seem to be the only draw I can see as viable perks.
-frustrated with Real Estate in Hudson County
1st- Imperatore=Mob $$ -His trucking company was THE ONLY ONE not unionized till the Fed took over the Teamsters HQ in Union City in '89. By '93 when the Fed left control of the Teamster Local to the members Imperatore was unionized.
2nd- All that beatiful waterfront, was build on swamp land. The buildings don't sink because they are build on piling. But everything around it those. How many times have the intersection of Gorge & River Rd being repaved because it sinks, and you get the humps. Plus, you got the Superfund Site on the East of that intersection. But, anybody here remembers the big northeaster of november 1992. When all of River Road-north to south was underwater, and all the sewer plants (at least 3 of them)were letting loose of their effluents at the same time.
In the late 80's there was a building boom in the area that did not spark up againg till '96+. And when this one extinguishes itself, it will not restart for a while. But, a lot of novices will be scared out of there, when natures takes its natural course.
Just FYI for those looking at nnj commutes.
We just moved to Nutley. My wife works in midtown.
Her commute is fairly decent and stress free. A 25-yard walk to nyc direct bus stop and then a subway to midtown . It takes her about 50-55 mintues door-to-door. Not bad compared to her previous commute time from Watchung.
Bloomfield aint that bad either if you live in the right area (right next to Nutley).
-frustrated with Hudson County Robbery and corrupt gov.!!!!!!
I lived on Route 5 in Edgewater from 1986 to 1996, in a house that had a wonderful view of the Hudson and GW Bridge. I can't speak for the south end of town, but the north end never had any factories and there are no smells.
There is currently another new ferry terminal being built at the intersection of Rt. 5 and River Rd, but without parking, scheduled to be operational in the fall.
River Road in Edgewater is not going to age well. Almost every single lot is either under construction or slated for construction. Large blocky condos/apt buildings, 4-5 stories each, are being built. There is very little open land, no waterfront parks. In between, there is a shopping center with a Target and a Pathmark.
People are very excited about development now, but these places are going to be total slums in 10-15 years. There are too many McCondos. No open space.
McCondos are also being built along the cliffs on the west side of River Road, in long narrow lots behind the older buildings. Its scary.
There is very little open land, no waterfront parks. In between, there is a shopping center with a Target and a Pathmark.
The new Edgewater ferry terminal at Rt. 5 and River Rd will include a waterfront park.
Gold Coast = slum coast 15 years from now. Your tax dollars at work. yay new jersey. NOT!
And yes, it does smell on River Road every now and then. But worse is the traffic, the now overcrowded Pathmark shopping complex and the oh so wonderful sinking parking lots at whole foods. Ahhh progress.
-fed up in Hudson County!
"But, anybody here remembers the big northeaster of november 1992."
I do! It was quite a nightmare and I remember the flooding.
Anyone been following meteorologists' reports of the likelihood of a major hurricane hitting our area this year or the next few years? The storm surge from a storm like that could push water up the hudson and flood it's banks. The so-called "gold coast" in NJ could easily get inundated with water. Hope all those new "wealthy" homeowners have separate flood insurance, cause homeowners typically doesn't cover flooding.
I agree with many here about the lack of attention to the infrastructure in hudson county. It's increasingly becoming very difficult to live here. I used to drive to the Edgewater Pathmark because it was relatively isolated and I could get there pretty quickly from JC--no more! It's serious traffic all along river road on the weekends---I can't imagine what it's like during weekday rush hour.
And don't even get me started on the newport area. I remember when I first moved here in 1989---the only thing over there was the mall and a couple of apartment buildings and one or two commercial buidlings. Washington street was not a through street and there were no traffic lights over there except for Marin Blvd and 6th. Now it is a traffic nightmare even on the weekends between all the traffic lights and the actual traffic.
How long before "over development" of the area has a negative effect on prices? At some point doesn't there have to be a negative effect?
I'd just like to second a couple of thoughts:
1) Despite the developers hopes and dreams, NJ is still a step-sister of NYC. When prices start to dip across the region, people will begin to migrate back to NYC. In 1991, I rented in Newport Towers for a year. In 1992, I got a bigger place for the same price on West 4th - guess how long it took me to leave Jersey? I know renters aren't buyers, but buyers know there is an inherent value in owning a piece of Manhattan. Jersey City, not so much.
2) The Hudson River does smell. Particularly at low tide. Many mornings, I'd cut my jog short b/c of the fumes rising up from the river.
My overall interpretation of the NJ market in 2-4 yrs is that you will have a tremendous volume of inventory, a relatively small pool of buyers who will be looking for values on premier properties is premier towns (Short Hills, Bernardsville, Alpine). Anyone looking to sell in your "up and coming" towns is going to face a tough time.
Grim Ghost,
I tend (or used to tend) to shop late at night. back in the mid 90's (and even toward the late 90's) there were few traffic lights and very light traffic on River road, especially later at night. I could get to that Edgewater Pathmark as quick as it would take me to drive to the Pathmark on the south side of Jersey City (toward Bayonne).
But, times have changed and River road is one big housing development. When I look at them, I can't imagine that they are nice places to live. You're crammed in with thousands of other people--what's nice about that?
Forget about Hudson County. Southern Bergen County is the place to be. Nice small towns close to NYC by bus. Little Ferry, Moonachi, Hasbrouck Heights and Woodridge are all great little towns.
I love Edgewater!!!!! It is the perfect town, with the most gorgeous view, and everything you cna imagine. I wouldn't want to live anywhere else. Who needs white picket fences and a backyard?!? when you have NYC at your fingertips!
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