Jump to content

Revitalization Around The Rock


The Rock 07

Recommended Posts

On the positive side to the gloom and doom the various different foreclosures and property swaps are driving down prices for a lot of things including bars. I noticed that Guitar bar was put up for sale (that puts it at about 10 different bars I know of in the Ironbound or Downtown for sale). This drop in price should open up to new enthusiastic owners so I am looking forward to that. This is a sort of natural cycle so Im fine with it, it allows for places like Hells Kitchen to exist.

http://www.nj.com/business/index.ssf/2009/12/study_says_newark_is_fifth-mos.html

Yeah right,

Link to comment
Share on other sites

That's actually right. Newark is the only place in New Jersey that actually has a payroll tax. And New Jersey ranks towards the bottom of all 50 states in being "attractive" to businesses because of taxes and a host of other intangibles.

Link to comment
Share on other sites

Block,

Thats a pretty open study they did and does not factor the cost of the subsidies that are put in place for bringing employees to either the state or to the city. I have seen Stephan Pryor show studies showign the cost per a square food being much lower than the national standard when factored in. Either way these studies are flawed as once a company begins to look at locating or relocating the factors that bring someone to Newark are the Port, Airport, Highways or proximity to New York and then the subsidies and negotiations begin.

Link to comment
Share on other sites

  • 3 weeks later...

I would be fine with that too, certainly would save me time when I am trying to remember stuff I saw here. Also, a guy I have seen post on the boards Geoff Bailey sent out a flyer with sales that took place in Newark. I nearly spit my lunch when I saw that that Micro bre building went for over a Mil.

Link to comment
Share on other sites

  • 2 weeks later...

Here's something that will actually go a long way to improve Downtown Newark. NJ.com The city has banned any new or altered obnoxious vinyl signs. As with the building the article shows on Broad Street, this new law encourages those buildings to be renovated and more upscale tenants attracted. Then the article said that in the spring the city will offer grants to renovate those buildings.

Edited by The Rock 07
Link to comment
Share on other sites

  • 2 weeks later...

I was at the Rock today for a NRBP function and Gifane (I'm not sure how to spell it) had some interesting notes. Apparently the Devils have started on both their bars (on in the Parking garage and another on Edison St). The part I liked is that they have been saying the same time frame all along which seems to be the 4 Quarter of this year. The other part was Edison Parking talking about triangle park or more specifically the pedestrian bridge they are trying to get done. All in all pretty cool stuff.

Link to comment
Share on other sites

Oh two other things. Both of the planned new restuarants are looking to be burger bee joints. Also Gilfane referenced the "beig development on Broad and Lafayett that they had comming (I assume the Tucker Hotel) but made it sound like a big secret. Also I was talking to some of the City's people and there is plans for a hotel on Edison that do not involve Edison parking so that should be interesting.

Edited by newarkdev01
Link to comment
Share on other sites

I was at the Rock today for a NRBP function and Gifane (I'm not sure how to spell it) had some interesting notes. Apparently the Devils have started on both their bars (on in the Parking garage and another on Edison St). The part I liked is that they have been saying the same time frame all along which seems to be the 4 Quarter of this year. The other part was Edison Parking talking about triangle park or more specifically the pedestrian bridge they are trying to get done. All in all pretty cool stuff.

Glad that things are moving. Fourth quarter 2010... ok so Opening Night is their target. Anything on the buildings on Edison or the Marriott on Broad? Previously the people at Blau and Berg had said that Edison Place was supposed to start in January. Any more details on Edison Parking/ Triangle Park?

Thanks for the updates!

Link to comment
Share on other sites

Glad that things are moving. Fourth quarter 2010... ok so Opening Night is their target. Anything on the buildings on Edison or the Marriott on Broad? Previously the people at Blau and Berg had said that Edison Place was supposed to start in January. Any more details on Edison Parking/ Triangle Park?

Thanks for the updates!

Basically the Triangle Park concept will sit for while because that's all owned by Edison who would only give that up for a arm and a leg (otherwise known as a huge tax credit or subsidy). The focus seems to be on building on their lot on the Ironbound side across from the old RR tressel so that they would be a centerpiece for that area. Gilfane refered Levy looking into possiblities for the Blauberg represented building but I think that will be when they sell or lease it.

Link to comment
Share on other sites

Forgot to mention that Gilfane mentioned this report as well but slammed it as biased and clearly made my NJSEA people that were looking to keep their jobs.

just read Point #3 of the "Executive Summary" where they basically say "We need to get the Prudential Center under our umbrella."

NO

they also want to "control non-casino concert entertainment in the State" (includes Prudential Center, p 10 #6)

Edited by njdevsfn95
Link to comment
Share on other sites

It's just another example of what's wrong with our State and Government, More and more control given to people in government and less to businesses. When will we all realize the role of government is to regulate things. This reminds me of a umpire or referee that doesn't understand his role is to let the players play and keep out of the way unless necessary. On a seperate note, two bars on Market did some major upgrades, I have to get their web links and upload my photos.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.