Future
Many of the buildings in Journal Square include housing stock (such as brownstones, pre war apartment buildings, frame houses), convenience stores, bodegas, downscale franchises, that Jerremiah Healy, Mayor of Jersey City, has referred to as "ugly old eyesores." The redevelopment of Journal Square has attracted the interest of urban planners, architects, sociologists, and others, many who view its historical, current, and future use as an important indicator of the contemporary understanding of how cities function.
As of 2008 there were proposals to build a complex called 1 Journal Square which would combine rental housing, multi-story retail and parking. Plans for the mixed-use development call for 68 story and 50 story residential towers above a 7-story retail and parking base with a rooftop terrace. While the site has been cleared construction has not begun.Deadlines to begin construction by 2011 were not met by the developer, Mult-Employer Property Trust MEPT, in October 2011, purchased Newport Tower on the Hudson Waterfront for $377 million, a record price for an office real estate transaction in the state. A further extension to 2013 requested by MEPTA was not granted by the Jersey City Redevelopment Agency.
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Famous quotes containing the word future:
“It is a time when one’s spirit is subdued and sad, one knows not why; when the past seems a storm-swept desolation, life a vanity and a burden, and the future but a way to death.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“We live in an age when to be young and to be indifferent can be no longer synonymous. We must prepare for the coming hour. The claims of the Future are represented by suffering millions; and the Youth of a Nation are the trustees of Posterity.”
—Benjamin Disraeli (1804–1881)
“In no nation are the institutions of progress more advanced. In no nation are the fruits of accomplishment more secure. In no nation is the government more worthy of respect. No country is more loved by its people. I have an abiding faith in their capacity, integrity and high purpose. I have no fears for the future of our country. It is bright with hope.”
—Herbert Hoover (1874–1964)