Future
Many of the buildings in Journal Square include housing stock (such as brownstones, pre war apartment buildings, frame houses), convenience stores, bodegas, downscale franchises, that Jerremiah Healy, Mayor of Jersey City, has referred to as "ugly old eyesores." The redevelopment of Journal Square has attracted the interest of urban planners, architects, sociologists, and others, many who view its historical, current, and future use as an important indicator of the contemporary understanding of how cities function.
As of 2008 there were proposals to build a complex called 1 Journal Square which would combine rental housing, multi-story retail and parking. Plans for the mixed-use development call for 68 story and 50 story residential towers above a 7-story retail and parking base with a rooftop terrace. While the site has been cleared construction has not begun.Deadlines to begin construction by 2011 were not met by the developer, Mult-Employer Property Trust MEPT, in October 2011, purchased Newport Tower on the Hudson Waterfront for $377 million, a record price for an office real estate transaction in the state. A further extension to 2013 requested by MEPTA was not granted by the Jersey City Redevelopment Agency.
Read more about this topic: Journal Square
Famous quotes containing the word future:
“I say—the future is a serious matter—
And so—for God’s sake—hock and soda-water!”
—George Gordon Noel Byron (1788–1824)
“If Germany, thanks to Hitler and his successors, were to enslave the European nations and destroy most of the treasures of their past, future historians would certainly pronounce that she had civilized Europe.”
—Simone Weil (1909–1943)
“Common sense should tell us that reading is the ultimate weapon—destroying ignorance, poverty and despair before they can destroy us. A nation that doesn’t read much doesn’t know much. And a nation that doesn’t know much is more likely to make poor choices in the home, the marketplace, the jury box and the voting booth...The challenge, therefore, is to convince future generations of children that carrying a book is more rewarding than carrying guns.”
—Jim Trelease (20th century)