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