Sunday, July 09, 2006

East Orange Hotel to be Auctioned

From the Star Ledger:

Best view on the block

One of East Orange's tallest and most famous landmarks -- an eyesore that used to be the ritzy 250-room Hotel Suburban -- is on the city's July 26 auction block.

City officials hope investors will renovate the building, which once featured five huge ballrooms and views of the New York City skyline from upper floors, into either market-rate condominiums or a new hotel.

"This auction is quite special because the property for sale is a historic gem that once housed a five-star dining room atop the plush hotel," Mayor Robert Bowser said, referring to the high-class Paris in the Sky.

"The upper floors have a wonderful view of the Manhattan skyline. And the original terrazzo flooring is still there," said William McNeely, Bowser's aide who is coordinating the upcoming auction.
...
"It's an eyesore, a disappointment for the city," said Joseph Jenkins, the city business administrator.

The minimum bid at the 11 a.m. auction will be $500,000. To participate, potential investors must pay a $100,000 pre-registration fee, representing 20 percent of the minimum bid.

The Hotel Suburban's rich history in once-affluent East Orange began 80 years ago.

10 Comments:

Anonymous Anonymous said...

Who cares about East Orange?

7/09/2006 08:20:00 PM  
Anonymous Michelle said...

That's fascinating. I had no idea that East Orange was once affluent!

Wow. Color me stunned.

7/09/2006 10:23:00 PM  
Anonymous Anonymous said...

nobody cares about e.orange.

its gone, theirs nothing we can do.

7/10/2006 05:12:00 AM  
Blogger grim said...

Moral of this story is that you better think twice before paying a premium to live in an "affluent community".

New Jersey has a history of flushing it's affluent communities down the drain.

7/10/2006 06:23:00 AM  
Anonymous Anonymous said...

Boy and you can Flush this town.

it is just awful.

7/10/2006 07:59:00 AM  
Blogger grim said...

I took a long drive through Union county this weekend. Spent alot of time driving through Plainfield.

There are some amazing homes in Plainfield. It's obvious that Plainfield was an incredibly affluent community at one time.

Pockets such as Sleepy Hollow and Netherwood Heights seem to be holding their ground. A few blocks away, the story is very different.

I find the disinvestment/disrepair cycle very interesting. While the economics and rationale behind gentrification at least seem intuitive and obvious, the dynamics behind the decline of a community are anything but.

grim

7/10/2006 08:17:00 AM  
Anonymous Michelle said...

Grim,

The residents of Plainfield that I had spoken with claimed that the race riots in the 60s were to blame for sending the area down the toilet. That seems like a pretty simplistic explanation though and it would certainly be an interesting topic to delve into.

7/10/2006 09:00:00 AM  
Anonymous UnRealtor said...

Michelle, I've made that case here before.

Thousands of people destroying cities in a matter of hours doesn't seem far fetched at all, it really happened.

See also: Newark Riots.

7/10/2006 10:45:00 AM  
Anonymous Anonymous said...

I wonder wich of the new mayor's heavy "DOWN NECK" area contributorsssssss will get this property???? keep track newark!!! and happy "SEABRA"
hunting

7/11/2006 03:15:00 PM  
Blogger Bob said...

The Plainfield riots were started by a few dozen teenage hooligans. They exposed the ineptitude of the city government & police, but had those riots not happened Plainfield might now be more like Red Bank. Despite the economic problems & racial tensions there was still a lot of money & civic pride in the city.

7/28/2006 03:16:00 AM  

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