Tuesday, September 30, 2014

Hoboken Introduces Final Washington Street Redesign Plan

Bird’s-Eye View Rendering of Washington Street (Downtown).

The City of Hoboken has completed a conceptual design for the “complete street” redesign of Washington Street. The design was presented at the final public meeting on September 23, 2014.

“I thank the community for providing their input on this important project through public meetings, focus groups, and surveys,” said Mayor Dawn Zimmer. “This plan builds on our award-winning main street by improving pedestrian safety and traffic flow, enhancing mobility for all users, and supporting local businesses. Now that we have community consensus, I look forward to working with the City Council and hope they will fully support this important project so it can be completed as quickly as possible.”

Complete streets are roadways designed for safe, attractive, and comfortable travel by users of all ages and abilities. The City’s plan proposes upgrading Washington Street with safety improvements and enhancements to get around safely on foot, bicycle, car, or public transportation. By providing safe and equitable travel for everyone—including children, families, older adults, and people with disabilities—complete streets stimulate active, healthy behavior, reduce automotive traffic and pollution, encourage more foot traffic to businesses, and enhance interaction on Hoboken’s vital main street.

Highlights of the final concept plan include:
Improved Road Operations & Traffic Flow
  • Roadway resurfacing for entire corridor
  • Designated commercial loading zones with time restrictions
  • Short-term parking for quick errands
  • Numbered parking spaces for quicker & easier parking and payment
  • New traffic signals and timing increase corridor average speed from 6-8mph to 8-12mph
  • Parallel and angled parking maintained on both sides of the street
  • Back-in angled parking for safer parking
Improved Pedestrian Safety & Lighting
  • State of the art signal design to ensure visibility for all users of the street
  • Pedestrian countdown signal heads
  • Improved lighting at intersections
  • Refurbish or replace existing street lighting to better illuminate sidewalk and reduce glare upwards
  • Concrete curb extensions at corners reduce crossing distances by almost 50% (from 50 ft to 26 ft) and provide additional space for pedestrian amenities
  • New high visibility, skid-resistant, retro-reflective crosswalks
  • Reconstructed curb ramps for improved ADA accessibility
Streetscape Improvements for Aesthetics, Livability & Economic Vitality
  • New concrete sidewalks
  • New light poles and fixtures for improved street lighting
  • New benches and solar/smart trash receptacles, street trees
  • City-wide wayfinding signage
Increased Mobility & Transit Access
  • Redesigned “portal” style bus shelters
  • Protected bicycle lanes physically separated from motor vehicle traffic to accommodate all skill levels currently riding on sidewalk
  • New custom bicycle racks
Landscaping & Stormwater Management
  • Replacement of damaged and missing street trees
  • Improved street tree pit design for tree health and aesthetics
  • Green infrastructure to capture stormwater runoff: rain gardens at corners and expanded street tree pits
The plan will be presented to the City Council in October. The preliminary estimate for the complete plan is $14 million, and the City will seek State and Federal grants combined with bond funding to finance the project. Funding is already in place for completing the final engineering design and construction plans. The next steps in the project include:
  • Pre-Design Phase: coordination with utility upgrades, PSE&G lighting coordination, geotechnical investigations, stormwater/drainage analysis): (est: 3-4 months)
  • Final Survey/Preliminary & Final Engineering Design & Construction Plans (est: additional 6-8 months)
  • Construction (est: additional 12 months)

Information Provided by Donna Antonucci

Monday, September 29, 2014

July - August 2014 Review for Monthly Unit Home Sales for Jersey City, NJ

Quarterly Review, hudson real estate monitor, Donna Antonucci 
We closed 122 condos in Jersey city, downtown in July -August (summer) period. 63 in July and 59 in August period. We ended summers with 151 active listings. Although as prices go up, hopefully more will be willing to sell.

Summers are considered as the preferred period to shift the home. Market recorded average 61 properties sold during this summer period.

Take a look at the volume graph above.  You can see the Two bedrooms have overall highest sales in average which is typical for Jersey city, Downtown. The two bedroom is the most versatile for Hudson county audience. A two bed is good for roommates, young professional that wants a home office, a newly married couple and for the couple with their first child.

Above graph shows monthly units sold by month. Numbers are around 60 units during July - August Period and market is ready for more properties expected to come in the market during last quarter of the year.

The above chart shows the total sales volume in $ and the trend of the average price of property during July- August 2014. Sales Volume was high in the month of July. Per unit prices are good in august, which makes the current period, a best time for people looking to sell properties at increasing prices.

Here is a chart for home sales chart during July and August 2014.

Friday, September 26, 2014

Final Weekend Open House Line-up - Sep 26th, 2014

Donna Antonucci Hoboken Open Houses Jersey City open houses

Check each Friday for the full list.  We will continue to post the Open House Map on Wednesday with which ever open house information is available at that time.  Thursday and Friday we add more from realtor email blasts and over 40 sites.

Looking to sell?  Would you like to know what your property is worth?  Go to www.propertyvalue.cc to find out.

Information Provided by Donna Antonucci

 Photos here are provided by Google Maps.  Google Maps photos may not necessarily map a location correctly therefore the photo may not accurately show the property.  Click through to the listing to see photos provided via the Hudson County MLS or those that were manually uploaded.

201.333.4443 (O)