Recent comments in /f/Newark

Ironboundian t1_jbzzy8u wrote

yes they do. I don't think it applies to this particular Hanini project....but especially the big towers with hundred and hundreds of residential units....if a developer gets a large project approved, even without building it they are likely making money (getting a new appraisal, and refinancing out some money from the higher valuation).

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g11235p t1_jbzxg8w wrote

I’m so confused about what all the downtown development actually is. None of these places ever seem to get built, even though the planning board seems to work overtime to approve all of it. Is it just that all this shit is going to happen eventually, or do the developers somehow make money off of getting the approvals and never doing anything?

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OttoBaker t1_jbzvqlp wrote

I worked in the area for a few months at the nearby church and walked in that park everyday, never had an issue. I patronized a few restaurants on Orange Avenue; one had the best Jamaican food in NJ. Like most places, keep your car locked after you park, and make sure nothing is visible that would entice a break-in.

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Nexis4Jersey t1_jbzk4wk wrote

West of the park into Orange is fine but east of the park south of 280 is abit rough. The Northern part of East Orange or north park ave is also fine. Orange for the most is fine just be aware that parts of the city are prone flooding near NJT tracks , the river isn't marked but during violent thunderstorms or an ida level of heavy rain over a period of a day those areas tend to get flooded badly. This also continues down into South Orange and Maplewood...

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Juicey_J_Hammerman t1_jbzht9k wrote

Could be it’s for a specific purpose or use to cater to certain types of commercial tenants, or space to offer additional amenities to attract new leases.

Not all office space is created equal either - theres decent variance between different office spaces depending on space class (A, B, etc), amenities/services offered, targeted, clientele , and of course location.

This building is also in a pretty good location for office space too: right on broad street in the heart of downtown near a subway/light rail entrance, still walkable to/from the train station, across from Military park, and plenty of services and other businesses nearby within walking distance to cater to office and employee needs.

Hanani may be under the impression it’s better to invest in adding on top of an existing asset vs buying a more vacant building.

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Nwk_NJ t1_jbz5o4o wrote

E.O. is mostly fine tbh. Depends on where and what type of property. I know several who have lived there and never heard much bad outside of typical Newark/Essex stuff. I'm not familiar with that particular area so might want to get opinions who have better knowledge.

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