Exchange Market, Jersey City

exchange market jersey city exchange market . j exchange market . ersey city kok l lawson l bartholomew

exchange market . j exchange market . jersey city

exchange market . j exchange market . jersey city

exchange market . j exchange market . jersey city

exchange market . j exchange market . jersey city

Plan

exchange market . j exchange market . jersey city

A

City Hall Plaza

Market

Concert Lawn Grand Stairs B

exchange market . j exchange market . jersey city

Section A

exchange market . j exchange market . jersey city

Section B

exchange market . j exchange market . jersey city

Uses

exchange market . j exchange market . jersey city

Uses

exchange market . j exchange market . jersey city

Ground Floor Plan

exchange market . j exchange market . jersey city

Green/ Open Space Diagram

exchange market . j exchange market . jersey city

Mobility Diagram

Autos Bikes Pedestrians Transit

exchange market . j exchange market . jersey city

Street Sections

Columbus Drive Montgomery Street

exchange market . j exchange market . jersey city

exchange market . j exchange market . jersey city

exchange market . j exchange market . jersey city

exchange market . j exchange market . jersey city

Phase 1

exchange market . j exchange market . jersey city

Phase 2

exchange market . j exchange market . jersey city

Phase 3

exchange market . j exchange market . jersey city

Phase 4

exchange market . j exchange market . jersey city

Phase 5

exchange market . j exchange market . jersey city

Market Potential Market Potential 2010 Population 2010 Households

3,325 1,812

2010 Median Disposable Income 2010 Per Capita Income

$ 37,994 $ 33,965 Demand

Supply

Gap

Motor Vehicle & Parts Dealers

$7,928,289

$497,609

$7,430,681

Furniture & Home Furnishings Stores

$1,236,335

$0

$1,236,335

Electronics & Appliance Stores

$1,142,614

$351,009

$791,604

Bldg Materials, Garden Equip. & Supply Stores Food & Beverage Stores

$1,053,701 $8,386,821

$40,035 $1,015,953

$1,013,665 $7,370,869

Health & Personal Care Stores Gasoline Stations l

$1,559,950 $ $5,345,069

$39,873 $726,794 $

$1,520,077 $4,618,275 $

Clothing & Clothing Accessories Stores

$2,187,053

$453,467

$1,733,586

Sporting Goods, Hobby, Book & Music Stores

$519,154

$28,417

$490,737

General Merchandise Stores

$3,756,820

$53,700

$3,703,120

Miscellaneous Store Retailers Nonstore Retailers

$513,887 $1,780,790

$68,304 $0

$445,583 $1,780,790

Food Services & Drinking Places

$6,523,779

$14,600,358

‐$8,076,580

Number of Businesses 1 0 1 1 3 0 0 2 0 0 1 0 21

$24,058,744 Doubling the number of dwelling units, doubling the demand? – up to $50,000,000 of retail potential demand? up to $50 000 000 of retail potential per year per year

exchange market . j exchange market . jersey city

Development Program Development Program New Parking in Garages in Garages

New DU New DU

New Retail(SF)

New Offices(SF)

Phase 1

0

352

37540

40974

Phase 2

200

970

27000

34038

Ph Phase 3 3

0

258

23890

159208

Phase 4

670

579

25680

0

Phase 5

200

248

0

0

Grand Total

Costs $ 101,825,800.00 $ 257,357,600.00 $ 99 925 100 00 99,925,100.00 $ 162,002,000.00 $ 66,000,000.00

$ 687,110,500.00

Assumptions for Costs per Sq Foot Retail $ 150.00 Housing(Per DU) $ 250,000.00 Office $ 200.00 Parking(per Space) $ 20,000.00

Note: Does not account for height premium costs

exchange market . j exchange market . jersey city

Jobs and Revenue • • • •

Assuming 2% tax rate, approximately $14 million annually in new tax revenue generated from property 230 000 SF of offices translates into ~1500 jobs 230,000 SF of offices translates into ~1500 jobs 112,000 SF of retail approximately ~300 jobs 1800 jobs generated 1800 jobs generated

Demographic Profile Demographic Profile • • •

Targeted at Young Professions (Live, Work, Play) Targeted at Young Families Targeted at Young Families Targeted at Retired Baby Boomers

exchange market . j exchange market . jersey city

exchange market jersey city exchange market . j exchange market . ersey city kok l lawson l bartholomew