Downtown is an area of Jersey City, New Jersey, which includes the Historic Downtown and the Waterfront.
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Historic Downtown
editHistoric Downtown was an area of mostly low-rise buildings to the west of the waterfront, but by the 2000s a number of high-rise buildings had been constructed. The area includes the neighborhoods of Van Vorst Park and Hamilton Park, which are square parks surrounded by brownstones. The Grove Street neighborhood has also seen considerable development and the neighborhood is rich with stores and restaurants.[2]
Waterfront
editRedevelopment of the Jersey City waterfront has made the city one of the largest centers of banking and finance in the United States and has led to the district and city being nicknamed Wall Street West.[1] By the early 2020s, the construction of numerous residential skyscrapers along the waterfront made median rental rates in Jersey City the highest of any city in the United States.[3]
WALDO (Work And Live District Overlay) is an area that is being redeveloped from its days as a warehouse center into an artist community. It is already home to several galleries and restaurants, and the development of artist housing, more galleries, a museum, and stores is being planned. The former Hudson and Manhattan Railroad Powerhouse is the building that anchors this neighborhood and when it is renovated it will maintain its shell that so many locals are used to seeing. A Trump Plaza is currently being constructed on the property to the south of the Powerhouse. In January 2016, the Federal Aviation Administration gave navigational clearance for the construction of a 900-foot (270 m) residential and commercial tower planned by the Chinese Overseas America Corporation, which would succeed the Goldman Sachs Tower as the tallest skyscraper in New Jersey.[4]
See also
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References
edit- ^ a b A Vision for Smart Transit in Jersey City Archived December 26, 2016, at the Wayback Machine, United States Department of Transportation, February 4, 2016. Accessed July 18, 2017. "Development along the Hudson River waterfront led to the development of the 'Wall Street West' financial district, one of the largest centers of banking and finance in the nation."
- ^ "7 Blocks around Grove Street: Jersey City's downtown historic district | Eyewitness News First at 4:00pm". ABC News. Archived from the original on January 24, 2013.
- ^ Mary K. Jacob (July 29, 2022). "This New Jersey city is now America's most expensive to live in". New York Post. Retrieved August 6, 2022.
- ^ McDonald, Terrence T. "Plans for N.J.'s new tallest tower get federal OK", The Jersey Journal, January 12, 2016. Accessed January 14, 2016. "China Oversea America is behind the project, which is set to include 781 condo units. Originally planned to rise 950 feet and include 95 stories, the newest plans have it topping out at 900 feet and 79 stories."