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February 2011 – week 3 Issue
Bergen County New Census Data Revealed
The Winter Housing Market: Will Homes Sell?
Historical Building in Bergenfield May be on Rent
SDA grants funds to Bergen County Schools
New construction in Edgewater
Bergen County New Census Data Revealed
New census data revealed on February 3, 2011, brought a host of new information into light. As per the US Census bureau, a total of 905,116 people now live in Bergen County, a rise of 2.4% as compared to data of 2000. Population in the towns of Bergen County is noted to be 11,032 in Ridgefield, 23,594 in Cliffside Park, 11,513 in Edgewater, 27,147 in Englewood,Alpine (1849), Teaneck (39,776), Tenafly (14,488) and Bergenfield (26,764). Amongst the various towns, population growth was noted to be highest in Edgewater, with population rise at 50%. Significant factors that came into light with the census data were that though the region of Bergen County showed a growth in population, the rise was noted to be very slight. The western and southern parts of New Jersey were noted to grow much faster. Of the 21 counties in the state, Bergen County showed the fourth smallest percentage increase. All municipalities in Bergen County showed a rise in Hispanic population, while a rise in Asian population was also noted. The growth of North Jersey was governed mainly by increase in Asian and Hispanic population, trends that have remained so for over 20 years now. Also, the number of residents younger than 18 years grew by less than 1%.
The Winter Housing Market: Will Homes Sell?
Winters are usually the time when homes do not sell much in the market. However home sellers can be reassured that some homes do continue to sell in such season too. For many home buyers who are serious to seal the deal, and for foul weather buyers, purchasing in this season continues to be a hot topic. The competition between sellers is also less with many sellers waiting till spring to enter the market. Similarly, buyers have a good choice too, as many buyers with families wait for the cold months to pass. Statistics by the New Jersey Multiple Listing service the number of homes in Bergen County that were listed up for selling rose 30% from the period of January to March. However home sellers must also consider challenges like curb appeal of homes and home maintenance, which are difficult to manage in the winter months. Homes are also more buyer friendly during the cold months, because sellers who have listed homes in the season are often more flexible.
Historical Building in Bergenfield May be on Rent
Officials in Bergenfield are considering to rent the Tunis R Cooper building to a suitable tenant rather than giving it for lease to the Bergenfield Museum society. As per initial plans, the Bergenfield Museum Society would have had a $1 lease agreement with the borough council. This would have been a suitable arrangement for the museum society which has been without a home since the church that it occupied on Hickory Avenue was sold in 2003. The museum officials were caught off guard, especially as their moving into the building has been in storage for seven years now. However borough officials stated that they had to do so with reason. As per town officials, they had state money to purchase the house, but need funds to maintain it. In this regard, they require a suitable tenant. When an ordinance was just about to be introduced for this, another organization also expressed its interest in occupying the premises. The ordinance was thus removed. This tenant too is historical in nature and is perfectly matched to the building.
SDA grants funds to Bergen County Schools
Over $780,000 were announced in the form of grants by the New Jersey Schools Development Authority. On Thursday, February 10, 2011, these grants were announced to benefit several schools in Bergen County in the Teaneck and Fair Lawn districts. $568,000 will go to the Bergen County technical schools and help in payment for repair and renovation. The funds will mainly be used to add a new roof at the Bergen County academies in Hackensack and a new boiler in the Technical high school at Paramus. The district would also fund $851,000 for these projects. $184,000 will go to benefit the Eugene Field High school in Teaneck, a building which serves more administrative purposes rather than functioning as a school. The school too would get a new roof, for which, the district would pool in $277,000 as funds. Finally, $33,000 will benefit the Memorial Middle School of Fair Lawn and help to pay for its new windows. These funds too would be matched with funds worth $49,000 from the state. The School Development Authority has provided over 350 grants worth $126 million since the resumption of its program in last May. It helps to pay for projects that address issues of safety, overcrowding etc.
If variances are approved, then a new construction in Edgewater would consist of 18 residential units, a restaurant along with a catering and banquet facility. The construction is being planned on a pier on 115 River road, a contaminated site, where the owner currently leases space to various businesses. However it requires to pass its proposed variances through the Board of Adjustments. The variances are required, as the area is in OR-1 zoning district, a region that does not allow restaurants, catering or even residential units. Other variances that are required include adding more width, impervious coverage and floor area ratio. The developer would also be required to deal with the contaminants under the site. While a hearing was scheduled early this month, it could not take place as other applications took more time than expected. The hearing on this particular project has now been postponed to March 2, 2011. Also, even if the project is approved at this level, it would still need approval from Bergen County, as it is located on River road, which is a county owned region.
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