Friday, June 02, 2006

The Gentrification of Orange?

From the NY Times:

Bringing Life to a Factory Graveyard

"Now in its 200th year of existence, Orange recently adopted a sweeping master plan for development that would sharply increase the number of homeowners within its boundaries and remake a vast elephant's graveyard of abandoned factories into a lively arts district."

"Orange's stated ambitions for self-improvement include everything from creating 4,000 new owner-occupied homes to re-establishing the downtown shopping district. Other projects include improving city sewers, repairing chipped public statues, establishing a system for preserving historic buildings and expanding its stately public library."

"Developers have been selected for redevelopment projects that will provide an infusion of 2,200 market-rate condominium and town house units in three run-down or vacant areas: the eastern end of Main Street, the Central Valley neighborhood and central Orange."

"The proposed addition of so much new housing in a town where nearly half of the existing houses were built before 1940 — and one in eight is overcrowded — would be "huge just by itself," the mayor noted. In the past 10 years, only about 100 units have been added in Orange, which has 33,300 residents, according to the most recent census figures."

"One big residential project will situate 350 condominium units in traditional-looking four-story brownstone buildings to be built at the eastern end of Main Street, along the East Orange border."

"Meanwhile, the townwide effort to transform deteriorated sites has already blossomed in a few areas. For example, 70 new town house units for mixed-income tenants — ranging from very low to moderate income — have replaced the Father Rasi high-rise housing project, formerly known as the most crime- and drug-infested place in the city."

15 Comments:

Anonymous Anonymous said...

This kind of gentrification is going to take over 10 - 15 years for Orange. I believe there was an article on this blog that addresses the reasons why the town of Orange isn't ready for development.

If anybody has the link, can you repost?

6/02/2006 06:40:00 PM  
Anonymous Anonymous said...

If you buy land now in Ornage and hold it as a long term investment, so long as you don't get murdered during the transaction by a crack dealer, you may (operative word) stand to turn a profit in 20 or so years!

6/02/2006 07:34:00 PM  
Blogger pesche22 said...

my o my ,,

good luck .

orange,,
taking your life in your hands,
unless of course your in the right
gang.

6/03/2006 10:49:00 AM  
Anonymous Anonymous said...

aaah Orange. Almost as appealing as Paterson NJ.

6/03/2006 01:06:00 PM  
Blogger pesche22 said...

its worst,,

6/03/2006 02:29:00 PM  
Anonymous Anonymous said...

I'm impressed with your site, very nice graphics!
»

6/09/2006 02:19:00 AM  
Anonymous Anonymous said...

With the , you don't have strangers coming through your home, day after day, often week after week, at times which are not always convenient. Your home must look great ... truly great ... for one weekend only .

6/20/2006 05:12:00 AM  
Anonymous Anonymous said...

Hint #12 for . Harmonize The Elements: FM radio or stereo on softly, TV off. All lights on, day or night. Drapes open in the daytime, closed at night. If it's hot, cool it!

6/20/2006 12:32:00 PM  
Anonymous Anonymous said...

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6/20/2006 12:44:00 PM  
Anonymous Anonymous said...

If a "hot" real estate area cools off, who's going to argue that it does not have larger implications? , Florida, may have some valuable lessons for the real estate industry as a whole.

6/20/2006 09:39:00 PM  
Anonymous Anonymous said...

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6/20/2006 09:56:00 PM  
Anonymous Anonymous said...

With the , you don't have strangers coming through your home, day after day, often week after week, at times which are not always convenient. Your home must look great ... truly great ... for one weekend only .

6/21/2006 06:19:00 PM  
Anonymous Anonymous said...

Hint #7 for . Safety First: Keep halls and stairways clear. Avoid cluttered appearances and possible injuries

6/23/2006 03:47:00 PM  
Anonymous Anonymous said...

Here's the home buying process into a single weekend. She does it by compressing the real estate marketing budget into a much tighter timeframe than normal .

6/24/2006 01:13:00 PM  
Anonymous Anonymous said...

Blog-hopping is a habit I am trying to break since my own real estate work requires a lot of attention to detail. Then I run into a blog like yours and I�m reminded about how the internet expands our views positively. Thanks for the read. Visit my site if you have a chance.

6/24/2006 02:49:00 PM  

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