MATURE DEVELOPMENT CORRIDOR
These are primarily focused on the waterfront and were part of the “legacy” land left after the collapse of railroads in Jersey City and in the case of Colgate Center and NOHO (north of Holland Tunnel) repurposed industrial land.
CORNERSTONE HISTORIC DISTRICTS/NEIGHBORHOOD ARTS DISTRICT
First, the downtown historic districts, Hamilton Park, Van Vorst, Paulus Hook and Harsimus Cove are the oldest and perhaps the most important in the context of redevelopment of the City. These districts have been the cornerstone of redevelopment of the city and today are the most stable and most expensive neighborhoods in the city. The importance of these districts in the redevelopment of the city can’t be overestimated. More recently, the city and residents have joined together to study and form other historic districts in the city – the West Side Historic District being the most recent. (Bergen Hill is eligible for historic district status, but not designated.) The city has three areas designated or zoned as “arts districts”: the Powerhouse Arts District (Downtown), Riverview Arts District (Heights) and the Journal Square Arts District (Journal Square).
EMERGING MARKETS
These are neighborhoods that are moving in the right direction in terms of reinvestment of private and or public funds, community leadership, or all three. In most, but not all of these neighborhoods, the city has established a “redevelopment plan” and the Jersey City Redevelopment Agency (JCRA) has taken an active interest, with ongoing projects and designations. The Cove, Canal Crossing and Bayfront come to mind.
DEVELOPING MARKETS
Historically, we have shown multiple areas of the city that we considered “developing markets”. However, the torrid pace of development in the city has shifted toward “emerging markets” like Bayfront and Canal Crossing. This year, we are showing one small area in Developing Market: historic Bergen Hill’s southern tip, bordering Jackson Hill. In the next few years, as Monticello Avenue continues to develop, we anticipate that this area will transition as an emerging market, as the northern tip of Bergen Hill begins to redevelop.
TRENDING HOT
These are neighborhoods that, due to reinvestment, redevelopment, and supportive community groups and institutions, are seeing real project starts. In addition, these areas have seen an uptick in both Planning Board and Board of Adjustment activity, enough to suggest the neighborhood is trending hot. One, the Village, is located Downtown and is the beneficiary of being in the “path of growth” Downtown and adjacent to growing Journal Square.
THE ”HALO” GROWS!
In previous years, we have shown the significant impact redevelopment projects can have on a community in the form of a “halo”. In the previous maps, both “Journal Squared” in Journal Square and Rivet, on University Place on the West Side, cast redevelopment “halos” into the respective neighborhoods. This year’s map shows three (3) areas where the game changing “halo” has cast a positive impact on the community at large. Once again, Journal Squared, the game changer in the “Square” has paved the way for many other projects in the Square and surrounding neighborhoods.
