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.
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Famous quotes containing the word future:
“The future of America may or may not bring forth a black President, a woman President, a Jewish President, but it most certainly always will have a suburban President. A President whose senses have been defined by the suburbs, where lakes and public baths mutate into back yards and freeways, where walking means driving, where talking means telephoning, where watching means TV, and where living means real, imitation life.”
—Arthur Kroker (b. 1945)
“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)
“The ellipse is as aimless as that,
Stretching invisibly into the future so as to reappear
In our present. Its flexing is its account,
Return to the point of no return.”
—John Ashbery (b. 1927)