Ground Broken on Hovanian's JC Project
From the Hudson Reporter:
1,000+ new neighbors
1,000+ new neighbors
Ground was broken Tuesday for two 500-foot skyscrapers, including 1,000 new condominiums and apartments, to rise at 77 Hudson St. near the waterfront.
The new project by K. Hovnanian Homes and Equity Residential is "just another step in the advancement of Jersey City," said Mayor Jerramiah Healy at the ceremony Tuesday.
The 1.76-acre parcel is located on Hudson and Sussex streets.
...
One tower will hold 420 condominiums to be sold by K. Hovnanian, and the other will hold 481 apartments operated by Equity Residential.
Equity Residential is expected to rent out the apartments during the winter of 2008, and K. Hovnanian is expected to occupy the condominium building during the spring of 2009.
K. Hovnanian plans to begin selling homes at the property around the end of this year.
9 Comments:
Anhy idea with respect to the pricing?
yeeps is right.
SAS
Richie,
To add to the irony, KHov will probably charge each sardine more for a condo there than for house on an acre+ spread in Pequannock or PA or Sussex/Warren/Hunterdon.
CNS
What's the story on that KHov
project in W.Paterson?
900 or so units, up on the mountain.
Heard the prices are very high.
I think its an over 55 complex.
Grab your underwater goggles JC market peak buyers -- 20,000 more new units added to JC inventory in the next 10 years.
just rented "The Day after Tommorrow" I loved it... NYC and JC under 100feet of frozen/freezing water. GREAT!!!!
I wonder if the age-restricted portion of Garrett will go rental.
grim
Why would it go rental?
Lack of sales?
During the last downturn, a number of large-scale condo developments turned condo.
I expect the same to happen with some of these large-scale developments.
grim
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