Newarkguy1836

Newarkguy1836 t1_j7hbeva wrote

Developers have to lobby lending institutions. They're the ones who set the rules on what theyll lend & what rates of repayment. You need profit to repay the banks & have money to pay themselves & all parties involved. If the math doesn't work out & leads to break even or red, it ain't happening.

That's why it was infuriating when I read some commie Newark official tell Newark developers seeking to save the Riviera Hotel "We don't go by math & e economics alone. People need to live there". As if Newark is supposed to be a 24sq mi. Welfare hotel!

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Newarkguy1836 OP t1_j79c3s0 wrote

I can see the planning board and the city denying them the permit to build the ark Tower. I can see the owners selling the property to Edison Park fast to spite the city. Another micro Edison parking lot is what I see if those two buildings get demolished without the ark replacing it.

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Newarkguy1836 OP t1_j79bszu wrote

It's been valuable for decades but the scum developers are only interested in land banking. The proposed something they'll never build in Newark like a massive 60 story or super tall skyscraper, knowing newark, a city desperate for such high profile developments, will approve it. The developer then sells the land for a higher value based on the value of what's been approved on it. In Edison's case, they're not interested in building anything or selling. Parking lots is their game. It is a safe money source and whenever something gets built, they insist on a new parking lot to compensate the one that was lost. Edison basically insists on land swaps. And I suspect that's what happened to the properties in the Ironbound they were recently demolished by Edison. Probably part of the compensation for the land that became Mulberry Commons park. It's just my guess but I wouldn't be surprised.

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Newarkguy1836 OP t1_j7529zy wrote

The buildings knocked down by Edison along New Street ,Central ave and the dozens knocked down by Rutgers and NJIT throughout the decades are in the James Street historic Zone. Landmark status for Warren Street School meant nothing . It meant nothing to them. Edison doesn't give a damn because it's a multi-millionaire company. They'll just pay the fines and move on. NJIT and Rutgers do whatever they want because their attitude is "Newark needs them".

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Newarkguy1836 t1_j66siwj wrote

It's going to feel nice to see a sky crane go up. Judging by The Shack Tower, it'll probably go up to half height at first and when the building catches up Midway, they get extended to the top off point. That crane will be seen from as far away as the turnpike and those Halo Towers will actually stand on their own apart from the main downtown cluster of buildings. Take 1&9 north on the the old rebuilt concrete Skyway over Oak Island Rail Yards to Delancey Street exit. You see that beautiful skyline of Newark. You noticed the Verizon building and the Halo site are actually a couple blocks separated south from the downtown buildings. It will look awesome.

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Newarkguy1836 t1_j5sl9ap wrote

Everything east of MLK blvd (High Street) & Elizabeth ave corridor will be gentrified. West of that line, I can't see gentrification in: *Lower Clinton Hill *Fairmount *West Side *Springfield Belmont *Woodside (Broadway from Cemetery to Belleville) but all bets are off if Newark- Paterson Light Rail takes place. All these neighborhoods are nowhere near Rail transportation. Broadway Woodside lost it when they closed the North Newark station on the Boonton line. Whether it's mass or light rail. Gentrification tends to follow rail and certain RowHouse patterns. Both are absent in these neighborhoods.

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Newarkguy1836 t1_j5mtyjl wrote

Living in Newark all my life I eventually learned James Street is mostly populated by city hall employees a handful of college professors who think they're above it all.

Especially a former Newark police commissioner or chief who decided he was going to alter the facade of a historic building on the corner of Washington and James Street. The very historic windows were replaced by little windows. Naturally, nothing happened to him. But I digress.

They are majority African-American and their opposition to high density development is double ended. On one end they want no low income housing. On the other end they don't want to upset the racial balance of the neighborhood. As I stated before, the ark will upset the desired minority majority nah! I'll just say it . The liberal black majority racial balance of the neighborhood. I suspect City square and the port now are having issues behind the scenes with these James Street Elite wannabes.

They don't even want minority capitalists and entrepreneurs!

But as to the actual proposed building, I like it I would prefer if duplicates fill in James Street, Burnett and Eagles. But we need to have large buildings at least four stories on the corners with room for retail or restaurant!

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Newarkguy1836 t1_j57knge wrote

Yeah, except MLK/ High Street is a wide Road. If you're view perspective is good, you will quickly realize that road is too narrow to be MLK. The only part of MLK that narrow is in North Newark and that was mostly white Italian and Puerto Rican at the time with Columbus homes having replaced that entire neighborhood.

I think this was one of newark's north south numbered streets from 1st to 22nd Street.

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Newarkguy1836 t1_j3ubatk wrote

Ah, but did you know Newark has always been independent of New York City? Newark was America's second most industrial city after Detroit. Believe it or not, Newark and Detroit had the same number of factories despite only 24 square miles versus Detroit's 142 sq. miles. With the exception of the Frelinghuysen Avenue corridor and the Oak Island District of Ironbound, Newark factories were mixed within neighborhoods. New York was an industrial Powerhouse while New York City served as the financial Powerhouse of the region. In fact Newark was often referred to as the American and New York City Warehouse of industrial Arts. The 1940 " American Journal of industry and finance" I read as a senior high school student at Arts High School in 1992 evaluated the city of Newark and proudly proclaimed "Newark is independent of New York City" celebrate the city's achievements and predicted population of 1 million. However, the article compared Newark to Los Angeles in that opposite the Los Angeles case of 100 suburbs searching for a city, Newark was a 24 square mile super dense core looking for a city. The article went on to say Newark needed to Annex 16 surrounding municipalities or watch her glorious future be aborted.

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Newarkguy1836 t1_j3k9jsw wrote

As a lifelong Newark resident, I can tell you North of Park Avenue from the park to Roseville Ave. Then north of Springdale Avenue to the East Orange Line.

If you're looking forward more of an urban feel with rowhouses and other "missing middle" Urban architecture, the 6th Avenue corridor in lower Roseville is pretty nice. But you have to be a little Street Smart. It's a transition area between the more Suburban upper Roseville and the inner city central Ward which usually begins at Orange Street and South.

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