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 companies actively seeking Chinese investors...
by stephenlee 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 Lights YIDA granted approved...
by stephenlee 1. 'One Park' condo → New Condo project in Cliffside Park, NJ 320 Adolphus Ave. Unparalleled views of the Manhattan and Hudson River 14 stories, 200 units (1 ~ 4 Bedrooms) Developed by Manhattan based DMG Investments and designed by Architectura Floor-to-ceiling glass windows There was a plan before financial crises 2. Hudson-Bergen Light Rail project hearing on 4/24 in Englewood ...
by stephenlee 1. Building Boom : NJ becomes an apartment heaven 20 Years ago → Single home in growth sector Now national phenomenon → Multi-family housing 5 Key residential construction projects: Hackensack - Main Sat (382 units), Franklin Lakes - Ewing Ave (275 units) Park Ridge - Kinderkamack Rd (240 units), Wayne - Route 23 South (223 units) Fort Lee - Park Ave (450 units) Millennials are rental...
by stephenlee 1. Tenafly, Spencer Smith elementary school → Asian’s Highest score for PARCC Partnership for Assessment of Readiness for College and Careers Every year test for English and Math for 3 ~ 11th grade Spencer Smith, Tenafly → English 95%, Mathematics 97% / Merit Memorial, Cresskill → E 93%, M 95% Roosevelt, River Edge → E 89%, M 89% / Fort Lee #1 → E 87%, M 92% Upper School,...
by stephenlee 1. Let’s keep Hudson-Bergen Light Rail project in right track 17 years ago, this light rail began to operate in Jersey City NJ Transit’s light rail system → One of most successful in the nation (50,000 daily passengers at 24 stations) Expectation: 24,740 passengers will board at 7 new stations → NJ is corridor state Need to make sure the state representatives on Capital Hills redouble...
by stephenlee 1. Palisades Park town appoints new police women, Natalia Kim 'Natalia Kim' graduated from Rutgers with Criminal Justice major Speaks 3 languages (Korean, English & Spanish) Will work as a traffic police 2. Samsung 837 becomes Landmark for NY (At 837 Washington Street) Samsung Marketing Center at Meatpacking District → 'Digital Playground' Marketing Center → Digital Playground for...
by stephenlee 1. Leonia opens up liquor license Town is used to be dry town / Only BYOB → making new ordinances for liquor license Currently only 1 license exists, but not used. If new ordinance passed in May, restaurants can get licenses by from auction 2. Hudson-Bergen Light Rail system: one step further Public hearing for revised plan on 4/24 in Englewood (Crowne Plaza Hotel) Rail Stations: North...
by stephenlee 1. Closter, NJ looks to ban short term rentals The Borough Council introduced an ordinances on 3/8/2017 that would ban short term rent under 30 Days → will vote on 3/22 ( A violation penalty is $1,250) Currently, Airbnb has 11 listings in the town on their website If the ordinances passed, neighbors can watch each other and report to the borough 2. Little Ferry Strip Mall NJ ('H–Mart' mall)...
by stephenlee 1. Former 'Syms' site will be used for Used Card dealer 'CarMax' Route 17 North bound in Paramus: 65,000 SF SYMS closed in 2012 One of largest and longest-standing retail vacancies in Paramus Founded 1958, profitable till 2000→facing new competition: T.J. Maxx 2. Leonia, NJ declares 'Welcoming City' resolution instead of Sanctuary city Originally proposed Sanctuary city on March 6 Addendum...
by stephenlee