24 Responses to ** Upper Grand observations **

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1. 21. Friedupright | August 9th, 2008 at 6:51 am

   hotchili wrote:

   I do agree that the ads and pictures are out of control. However - i do see the benefits of buying in the NW corner - developers are building, more and more people are moving back to the area which should bring retail. There does need to be a plan to fix the streets, but all in all - all signs seem to lean towards positive changes in that part of town.

   Can’t really agree witht the comment “should bring retail.” A coffee shop, dry cleaner, liquor store, nail salon and a realor - probably. Most of these developers don’t provide proper space for retail, and certainly no incentive, unless it is east of Washington. The bottom floor of most buildings are parking lots. “Lovely” to look at but nothing to buy. Hoboken needs to have a plan to create a “retail zone” in this area if you are actually going to have a reason to go back there and shop. If you put in an open-air market and 20-30 “affordable” retail spaces then you can possibly create an area where people might want to go but no one is going to go back there for a store here and a store there especially if they can find an identical store near their address. Imagine a year around farmer’s market. I would then think about going back there to buy fresh produce. Hey, if they can do it in NYC, we can do it here. Retail breeds retail, like Washington Street. There is a reason everyone who opens a business wants to be on Washington Street. That’s where the retail is. Fred Bado, director of Community Development, unfortunately, doesn’t really have a plan. It’s about development, development and more development but not about creating an area where people will actually want to live and open thriving businesses. You almost have to look at that area as another town and envision all of the things that make a person want to live in that town.

2. 22. homeworld | August 11th, 2008 at 8:58 am

   Katie_Scarlett wrote:

   Out of curiosity, what’s the average price per square foot you’d pay? I know different areas will vary, but if you’re downtown (east of Clinton and south of 3rd), midtown (east of Clinton and south of 7th) or uptown (8th -whatever, east of Clinton).

   I randomly picked Clinton, if you have a better line, use it.

   I don’t think I’d go above 530 anywhere right now, and uptown I’d be willing to do 485 or so. BUT, I am not in the market, just window shopping, so I realize I may be WAYYYYY off.

   I paid $340/sf for ‘midtown.’

3. 23. Tiger | August 11th, 2008 at 9:06 am

   Price per Sq ft is very misleading in Hoboken. I’ve shopped for a condo for over 6 months and I’ve seen so many variations in $ / sq ft. Generally, the bigger the condo the lower the $ / sq ft. 1 Bedrooms seem to be the most expensive when it comes to that, and of course the building and condition of the unit makes all the difference.

4. 24. hoboken hammer | August 11th, 2008 at 10:38 am

   Actually I believe $530/sq ft is the average for the 2nd quarter ‘08 in Hoboken. You could search on the net for real estate statistics for Hoboken/Hudson county. As that is an average that is across 1beds, 2beds, etc… Maxwell Place and west side all in same bucket. So that being said - it pretty much depends on the building/area. I read that 1bedrooms on average dropped 9% from last year while 2beds prices were up like 9%. So its all relative.

   There’s a recent article in the NY Times: http://www.nytimes.com/2008/06/22/realestate/22njzo.html

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