F*ck, and I cannot stress this enough, them cars. They are within 3 blocks of 3 train lines, the PATH, the light rail, and literally dozens of bus lines. Would you rather they bulldoze it and put up a parking lot?
Property tax exists. Are they getting a PILOT? That's still money to the City. A parking lot or vacant lot provides much less money to the city. That ground floor retail will generate sales tax.
At a bare minimum, tenants buy food and drink nearby and support local business. Best case, they work local, buy local, and become part of the community.
Look again at the Elevdn80 application portal. I just renewed there for my 2nd year. I recall having short term rental options, but they may have only been available as an existing resident.
Also, the short term leases are much more expensive.
Agree the render as is may not age well, but definitely a good step in the right direction. Hopefully the seating and food trucks kinda pull the energy of nightlife on Ferry Street towards the station.
recnilcram t1_ivjtzvv wrote
Reply to comment by g11235p in Building Paramount is converting final design plan by Kalebxtentacion
F*ck, and I cannot stress this enough, them cars. They are within 3 blocks of 3 train lines, the PATH, the light rail, and literally dozens of bus lines. Would you rather they bulldoze it and put up a parking lot?
Property tax exists. Are they getting a PILOT? That's still money to the City. A parking lot or vacant lot provides much less money to the city. That ground floor retail will generate sales tax.
At a bare minimum, tenants buy food and drink nearby and support local business. Best case, they work local, buy local, and become part of the community.