JMF Properties will break ground this year on a project comprising several hundred rental units along with some , square feet of retail. Suchocki, 53, is a CPR instructor. It was like Brooklyn or Hoboken living. It has two other projects in the pipeline that have units combined. There are none of those right now.
The modest town pop. Residential projects may lure bigger retailers, like Costco. To fill all those new pads, Bayonne is banking on the same factors that drew Tsay and Suchocki years before — proximity to New York City about an hour on public transportation and lower prices. That halted a development plan that had called for 6, residential units on the site. The couple, who first bought a townhouse, sold it after losing their jobs during the financial crisis and moved to a rental in an older walk-up. Soon it will be dormant no more. JMF Properties will break ground this year on a project comprising several hundred rental units along with some , square feet of retail. Bayonne definitely fits that. Bayonne has all the scaffolding for a construction boom. A third building, Skye Lofts North, is in the pipeline. Negotiations with Costco to open a store on the long-overlooked site are ongoing, according to JMF president Joe Forgione. Additionally, Atlantic Realty is set to develop garden apartments on the terminal site, which the city plans to connect to the 34th Street Light Rail station via a pedestrian bridge over Route Turns out they were a decade early. It also offers dramatic views of New York Harbor and the Manhattan skyline. Kushner Real Estate Group, meanwhile, will begin construction in the next four months on a unit rental development there, part of an overall project that will feature apartments and 12, square feet of retail. There are none of those right now. Suchocki, 53, is a CPR instructor. The city is in the midst of a dramatic redevelopment of its Military Ocean Terminal, taken out of service in , that will result in a massive rental complex along with retailers like Costco. It was like Brooklyn or Hoboken living. But legal battles, lackluster efforts and economic downturns have hampered its progress, even as neighbors like Jersey City and Hoboken have seen their fortunes soar. Comment required June 1, 7: It expects to add another 2, to 3, apartments over the next five to six years. Since Silk Lofts opened, other projects have begun to pop up in the area. It has two other projects in the pipeline that have units combined.
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