Upper Grand – 900 Monroe “Coming Soon”

8/5/2008:

Had a chance recently to catch up on some missing real estate sections here on Hoboken411.

Today’s entry is a placeholder for the future installment of the “Upper Grand” series of buildings being constructed by URSA/Tarragon.

Note that the lot was 100% not secured, and anyone (including kids) could freely walk around and possibly hurt themselves (or steal stuff). If you see heavy machinery that seems out of place, it probably came from here.

SEE ARCHITECT RENDERINGS AND MORE AFTER THE JUMP…

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Description – Luxury condominiums or rentals (subject to change depending on market conditions).
Website – uppergrand.com
Address – 900 Monroe St., Hoboken, NJ 07030

(900 Monroe, continued…)

Lambertsville, NJ based Minno & Wasko Architects & Planners is the firm who designed this project.

The design is apparently considered to be ‘sustainable design’ with the hopes of an eventual LEED certification for green building.

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67 Comments on "Upper Grand – 900 Monroe “Coming Soon”"


Indiecom@aol.com
Member
8 years 1 month ago

[quote comment=”98093″]They aren’t reassessed at all – that is the flaw.[/quote]

Again, we’ll have to agree to disagree on this. What better time to assess a property value than when it is sold? In the last 7 years with the irrational exuberance in the real estate market, what better way would there have been to achieve what you indicate is your preference for a yearly property reassessment?

matt_72
Member
8 years 1 month ago

[quote comment=”98087″]Well, I guess we’ll have to agree to disagree on this one. I don’t think it would stop them….I think it is also possible that you are under some sort of misperception that only people who have lived in Hoboken since prior to 1988 have lower taxes. Taxes are not reassessed when properties change hands, which is one of the biggest flaws.[/quote]

They aren’t reassessed at all – that is the flaw.

plaintruthiness
Member
plaintruthiness
8 years 1 month ago

[quote comment=”98087″]Well, I guess we’ll have to agree to disagree on this one. I don’t think it would stop them….I think it is also possible that you are under some sort of misperception that only people who have lived in Hoboken since prior to 1988 have lower taxes. Taxes are not reassessed when properties change hands, which is one of the biggest flaws.[/quote]
I am glad someone is on the same wavelength as me on this issue (See my Post 56). I just checked my building on that NJ Property website link, and my top floor unit was the highest assessed unit when built. I bought my place in 2000. Since then, almost all the units have turned over during the frenzied 2005-2006 boom, selling for almost double what I paid, yet I am still the one paying the most property tax due to no reassessment at the sale. Selfishly, I am also glad that I am not paying a reassessed rate from my purchase…and also that my condo is “holding” up in value so far. Just playin’ by the rules, even though Louis Picardo is beating us all with his own set of rules.

Indiecom@aol.com
Member
8 years 1 month ago

Well, I guess we’ll have to agree to disagree on this one. I don’t think it would stop them….I think it is also possible that you are under some sort of misperception that only people who have lived in Hoboken since prior to 1988 have lower taxes. Taxes are not reassessed when properties change hands, which is one of the biggest flaws.

matt_72
Member
8 years 1 month ago

[quote comment=”98055″]Hello Matt: Thanks for your comments. I’m delighted to hear your strong opposition to the NJ Transit development. I hope you are able to call your council person and tell them directly prior to the redevelopment plan vote in September or October. I also hope that you are able to attend the council meeting at which there will be a vote to lend your voice to what (I hope) will be an overwhelming citizen outcry (burning torches welcome) to block the project.

To your first point, it is not that I’m “failing to see” anything, but rather, I have to say I don’t agree with you. I think poor fiscal management, corruption in government and collusion between elected officials and campaign funding developers is the first and foremost reason for the Pilots (as well as the over development in general.) You don’t seriously think that a reassessment would stop this crowd, do you?[/quote]

I do think a reassessment would stop that crowd. That crowd’s support comes largely from people who would get their taxes hiked in a reassessment. If they actually had to pay for all that fiscal mismanagement through tax/rent hikes, you can bet they would be more concerned about the finances of the city.

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