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Weekly News (May 31, 2017)

1. Fort Lee, NJ, Public Parking Deck construction begins mid June, 2017 New Parking Deck at the current public parking on the Main St. Will complete June 2018 → 220 spaces increase (Total 632 spaces) During construction, alternative parking → Madonna Church parking, 2062 Lemoine Ave (near Hudson Lights) 2. Palisades Park, NJ elected new […]

Weekly News (May 24, 2017)

1. ADM (American Dream Meadowlands) project is too big to fail  On 5/19 (Fri) Triple Five announced closing of $1.6 Billion  construction loan and will open March 2019 (‘Xanadu’ project began in 2003) Triple Five’s vision is big: Indoor water park and amusement park, indoor ski slope, high-end shopping, etc. Too big not to complete, too […]

Weekly News (May 17, 2017)

1. Senior Housing in Palisades Park NJ faces tough competition to get into  Total 9 units( 4 Studios, 5 of 1 Bedroom) → 1,000 application on 1st day (5/13) At 83 Center Place. Rent between $378 ~ $711 depending on income and size of unit According to PAHC (Paramus Affordable Housing Corporation), Bergen, Passaic, Hudson, […]

Weekly News (May 10, 2017)

1. Edgewater, NJ also would ban short term rent  Town is in the process of proposing ordinance to ban short term rent including Airbnb Fine would be $1250 Currently Airbnb has about 20 listings in Edgewater, NJ ($40~$350/night) In Bergen County, Paramus, Palisades Park, Closter, East Rutherford, Fairview, etc. are banning short term rent 2. Kushner […]

Weekly News (May 3, 2017)

1. Englewood Cliffs, Tenafly, NJ raised property tax   Englewood Cliffs town passed Education department budget of $2.09 Million (14.7% Up) → Property tax: $201 increased for $1.29Million house Tenafly town passed $28.88 Million town budget → property tax: $79 increased for $790,000 house → Practically no increase 2. Key Yonkers Development Projects → Green […]