Jersey City - Community Profile- the largest city in New Jersey and the County Seat of Hudson County.
Jersey City (Pop. approx. 240,000) is located on the peninsula between the Hackensack and Hudson rivers and directly west of Manhattan. It is connected to Manhattan by the Holland Tunnel. Jersey City originally developed as an industrial center in the late 1800s after construction of the Morris Canal enabled the easy transport of coal from Pennsylvania.
Today, Jersey City is easily identified as east of Interstate 95 (the New Jersey Turnpike) on the Hudson River Gold Coast's Upper New York Bay directly across from Lower Manhattan, the Statue of Liberty, and north of Staten Island.
Jersey City real estate in the last twenty years has been undergoing a remarkable makeover, anchored by Wall Street moving back office operations to the Exchange Place and Newport City neighborhoods. In the Paulus Hook area, the old Colgate-Palmolive site and the adjacent Harborside Financial Center are becoming an extraordinary business neighborhood serviced by ferries, PATH and the new Hudson-Bergen Light Rail system
Just north of Exchange Place on the Jersey City waterfront, the Newport development has transformed the area on both sides of the approaches to the Holland Tunnel to Manhattan with residential rental and condo housing, hotels, extensive retail including the Newport Centre Mall, and new business office towers.
Jersey City is directly accessible from the north, south and west from Interstate 95 and Interstate 78 via the New Jersey Turnpike at Exits 14B, 14C, or 15E. Jersey City commuters have direct access to Manhattan via the Holland Tunnel in Jersey City, the PATH to either the World Financial Center or Penn Station, or ferry service to serveral locations in Manhattan. Jersey City is approximately 5 miles from Newark International Airport.
Jersey City's re-development is anchored by residential and commercial real estate developments on both its Newark Bay (west side) and New York Harbor (east side) of the city. The completition of the new Hudson-Bergen Light Rail has increased the commuting convenience of many neighborhoods within Jersey City and has also provided connections to other goldcoast towns like Bayonne to the south, and Hoboken and Weehawken (Lincoln Harbor and Port Imperial) to the north.
Jersey City's housing inventory is predominately older 1900's single and multi-family housing. However, a boom in condo and townhouse construction has and continues to make new and renovated properties available to home buyers.
New York TimesREAL ESTATE:
LIVING IN | JERSEY CITY |Stepping Out of Manhattan's Shadow
Star LedgerREAL ESTATE:
SPECIAL PROJECTS | Gold Coast Hits Pay Dirt
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