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RussianBergen county news with an emphasis on aspects affecting real estate, residency and community issues.
Bergen County Rental units may convert to Condos
Urban fashioned condos come up in Bergen County
Indian food in Bergen County
Pilgrim State Hospital could become Heartland Town Square Housing
Another case against eminent domain in Bergen County
Bergen County Rental units may convert to Condos
Rents are quite low in various parts of Bergen County. For example people in Englewood’s old fashioned apartments pay as less as $500 to $800 for two-bedroom duplexes. This amount is less than half of the average amount of rentals in Bergen County. However real estate trends predict that this pretty picture may not last for long. Many such house owners are now selling their homes for rent to builders for making condominiums. Markets are indicating that many rentals are now converting into condominiums or co-ops and many have sent notices to tenants about their intentions. As per the state department of community affairs, from the year 2000 to 2006, the conversion of rentals to condos went up by over nine times. While renters benefit at times with the information on good rates to buy homes at, many renters who are fixed income employees, disabled persons or retired senior citizens may face great difficulty. Many first time borrowers will also face trouble while obtaining loans due to the sad state of the sub prime mortgage markets. Many renters living in low-rent apartments since years are also unsure where they will go once their apartments are taken and how they would buy a home in Bergen County.
Urban fashioned condos come up in Bergen County
Urban style condominiums are now under construction in downtown area of Park Ridge. These structures are expected to bring in a new look, feel, style of construction and interested home buyers to the neighborhood. Known as the Madison Square Apartments and Station Place, these two condos in construction will comprise of three floors each. While the Madison Square Apartments are planned on Madison Street, off the Kinderkamack road, the Station Place is slated to come up near Park Avenue and Broadway. The former construction would consist of sixteen two bedroom units and would range from 1300 to 1360 sq ft. Station Place, on the other hand will have nineteen units, that have a mix of single bedroom and double bedroom apartments. These apartments would range from 800 to 1300sq ft in area. A look of modernity would be added to the constructions through high end security systems, elevators, modern kitchen and designer housing appliances and well designed interiors. Besides plush living, the location of the facilities would offer easy access to transportation. Prices for these condominiums are expected to range from $450,000 to $550,000 respectively. While these constructions would not comprise of an outdoor recreation area for the residents, underground parking would also be provided for. The only issue of concern that may potentially come up is the provision for sufficient parking. These two units currently provide enough parking for one car only.
If you are looking for a little bit of India in Bergen County, then BHOJ, the restaurant in Elmwood Park can offer you just that. This little eatery operates on Market Street in Elmwood Park and draws a good number of customers from the neighborhood. The place has an Indian look and feel to it and the menu offers a wide range of food to choose from. The place is run and managed by Sonny Chaddha, who has a good training and work experience from five star hotels in India. The hotel serves lunch and dinner and all diners are offered crispy papadums, which are wafers made from lentils with accompanying sauces. While the restaurant started operations way back in 2003, a recent redecoration and addition of new items in the menu has brought in an increasing crowd to the restaurant. So don’t miss the chance for Indian cuisine at Bhoj, the Indian feast.
Pilgrim State Hospital could become Heartland Town Square Housing
A new project planned in Englewood proposes to turn the former property of Pilgrim State Psychiatric center into a massive development project with over 9000 housing units, hotels, cinemas and parks. While the proposal has been put forth by developer and 70 year old millionaire Gerald Wolkoff in the year 2005, there has been a constant stream of doubts and queries by the government. Many officials feel that Wolkoff has put forth traffic and sewage handling measures that look exciting, but do not sound credible. Also transportation may pose a problem in the already congested neighborhood. However all said and done, this proposal is the largest on the table in Long Island and promises to convert 460 acres into mixed use developments. The area of development is located at an intersection of four towns that have other major developments and plenty of traffic congestion. However on the good side, this development would make it easy for commuters as there is ready access to the Sagtikos Parkway and Long Island Expressway. Also the developer has received approval for sending 1.6 million gallons of sewage waste to the Bergen Point Treatment plant in the southwest sewer district. The mixed development project would be known as the Heartland Town Square, an area where people would be able to live, work and play without having to commute to far away places in their cars.
Another case against eminent domain in Bergen County
After eminent domain was used to plan the redevelopment of two prime areas in Bergen County, the court decided that only half of the area needed redevelopment. In the main street of Hackensack, which is home to over 40 businesses, fourteen areas were declared blighted by the Planning Board, leading to their takeover by eminent domain. The area includes not only various offices but also housing apartments. However after redevelopment was planned, a repeat study in May, stated that only eight of those fourteen areas fit under the category of blighted. This raised much furor from the property owners who stated that evaluations were improperly done. Also, the ruling by the state Supreme Court, regarding personal property rights over eminent domain further strengthens the case for the property owners. Many of these people are frustrated however, that the ruling has not been quick and court hearings have been dragging for days on end on this particular case.
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