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:
“I imagine, on the benches of an assembly, the most intrepid of thinkers, a brilliant mind, one of those men who, when they ascend the tribune, feel it beneath them like the tripod of the oracle, suddenly grow in stature and become colossal, surpass by a head the massive appearances that mask reality, and see clearly the future over the high, frowning wall of the present.”
—Victor Hugo (1802–1885)
“If nations always moved from one set of furnished rooms to another—and always into a better set—things might be easier, but the trouble is that there is no one to prepare the new rooms. The future is worse than the ocean—there is nothing there. It will be what men and circumstances make it.”
—Alexander Herzen (1812–1870)
“You have too much of a life yet before you, and have shown too much of promise as an officer, for your future to be lightly surrendered.”
—Abraham Lincoln (1809–1865)