The following is a Guest Post by Andrew Price:
I would say the the majority of the United States does not have affordable housing problems, at least not to the extent that we do in the New York City or San Francisco Bay areas. Affordable housing can include low-income housing, but the two are not the same thing. When I am talking about affordable housing problems, I mean cities where you are paying around $3,000 a month for a 1 bedroom apartment.
Trader Joe’s is almost ready to debut in Hoboken at Willow14, the new mixed-use development on the corner of Willow and 14th Street. We’ve previously written about Trader Joe’s coming to Hoboken and couldn’t be happier it’s closer to reality.
Hoboken real estate seems to be reaching new highs everyday. But if you want to feel good about your purchasing power in Hoboken, then check out a shack that recently sold in San Fransisco. It was listed at $350,000 – the cheapest listing in the Golden Gate City. The shack actually received multiple offers (6 in total), and sold for $408,000, fifty eight grand over the asking price.
Hoboken’s waterfront now has the opportunity to fulfill its potential with a continuous, unobstructed walkway. The Union Dry Dock, currently located between 9th and 10th streets on Sinatra Drive, is apparently for sale. And we think the city should
1400 Hudson, the uptown residential condo development by Toll Brothers, has been under construction for the past several months. What was once an empty parking lot is on its way to being one of Hoboken’s premier residential buildings. And we now have the renderings of what the finished product will be.
Open space lovers rejoice. The City of Hoboken announced that it has entered into an agreement with the owners of a property at 1st Street and Jackson Street to demolish a derelict building damaged by fire in 2012 and to give the City a 20-year open space easement on two lots located across the street from that property to create a new park.
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