Trump Tower, Jersey City styleNow that Donald Trump has joined in with the local developers, the newly named Trump Plaza: Jersey City Towers can move forward.
The Jersey Journal on Wednesday spotted the "waterside plot ... across from the Powerhouse Arts District."
I'm just a worker around here, but is something three blocks from the Hudson River a waterside plot?
And another thing, didn't they clear out the artists' lofts on First Street so the landlord could get prevailing rents?
Here, an excerpt of tomorrow's press release:
DONALD TRUMP, DEAN GEIBEL ANNOUNCE PLANS FOR LUXURY CONDOS IN TALLEST RESIDENTIAL TOWERS IN NEW JERSEY
SEPTEMBER 22, 2005 - The Trump Organization CEO Donald J. Trump, Metro Homes Founder Dean Geibel and his partner Paul Fried today announced construction will begin on Trump Plaza: Jersey City, a $415 million condominium project that will include the two tallest residential towers in the state of New Jersey.
Construction will begin this year with occupancy beginning in November 2007, Trump and Geibel said.
Trump Plaza, at Washington and Bay Streets, will include a 531,500 square-foot tower, topping out at 55 stories, with 445 condominium homes, and a 481,283 square-foot tower, reaching 50 stories, with 417 condominium homes.
Each unit has a 20-year property tax abatement. The towers will rise from a 328,658 square-foot, seven-story base, housing a garage with 696 parking spaces and 23,000 square feet of prime retail space.
The base will accommodate a business center, home theater screening room, a private 8,000 square foot fitness center, a rooftop plaza with an outdoor heated swimming pool, a private landscaped yard, children's play area and enclosed basketball court.
... The two-acre parcel originally was acquired by Panepinto Properties, a Jersey City based real estate development company.
Panepinto Properties, along with The Applied Companies of Hoboken, initiated the two-tower concept and design of the project.
Panepinto Properties and The Applied Companies remain as partners in the development.
Preconstruction Little David building is surrounded by large dark building which will be replaced by the JC Trump Tower at Bay and Washington streets. At right, in front of crane, is former artists colony at First Street.
111 ArtsFirst - symbol of displaced artistsCopyright © 2005 by Anthony Buccino, all rights reserved. Content may not be used for commercial purposes without written permission.
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