The Gothic Times

Unaffordable housing developments continue to crop up around Jersey City

Kisha Allgood, Reporter

Hang on for a minute...we're trying to find some more stories you might like.


Email This Story






Bergen-Lafayette is a predominantly African American community nestled between the wards of Greenville and West Side. The community is 10 minutes away from NJCU.  The residents of the neighborhood are experiencing rapid redevelopment. Companies such as KABR GROUP, Myneni and Sons and BuildPro Constructions are building condo developments that will be out of the price range of residents.

Clifton-based KABR Group is in the process of building a five-story project that will have 58 apartments that are market rate. Market rate means that the rents, although not yet known, will be higher than most rents in the area currently. The average rent in Bergen–Lafayette is $954.  With a population of 62,000, this neighborhood has a high amount of families with children as well as single-parent households. The price of this project is $13.5 million, and KABR Group will be getting a 30 year tax abatement from Jersey City.

Walking down Bergen and coming across Grand Street, there is another development. Myneni and Sons, a Jersey City-based company, is also constructing a five-story development with 60 apartments. Ten percent of them will be offered to veterans for 15 years.  Financial statements show Myneni and Sons are building elsewhere on Grand Street.

One other development, the Zenith Grand Apartments, is a project being built by BuildPro Constructions. It is located on Grand Street near the corner of Summit Avenue. This company’s office is located in Ridgefield Park. The company will pay the Jersey City Affordable Housing Trust Fund $16,194 in order to receive a five-year tax exemption. Their project will create a four-story building with nine market rate apartments.

Another development being constructed by Myneni and Sons is located on Kennedy Boulevard between Gates and Custer Avenue.  Greenville has a household income of $48,778. Purchased in 2015 for $1.7 million, the plans are to build a development with 68 apartments. The proposal for the building was approved by the Jersey City Planning Board in April 2016 and the Hudson County Planning Board in August 2016.

Image courtesy of Darshan Chokshi. This story was originally printed in The Gothic Times, Issue 6 of Spring 2017.

Print Friendly, PDF & Email

Leave a Comment

If you want a picture to show with your comment, go get a gravatar.

You must be logged in to post a comment.

Navigate Right
Navigate Left
  • Unaffordable housing developments continue  to crop up around Jersey City

    News

    Viva La FIFA!

  • Unaffordable housing developments continue  to crop up around Jersey City

    News

    New Public Relations program  

  • Unaffordable housing developments continue  to crop up around Jersey City

    Features

    #NJCUBB Celebrate Senior Day and Make History in Final Game

  • Unaffordable housing developments continue  to crop up around Jersey City

    Breaking News

    NJCU Selects Rutgers Associate AD Shawn Tucker as New Associate VP and Director of Athletics

  • Unaffordable housing developments continue  to crop up around Jersey City

    News

    University Place: A Peek into the Future of NJCU

  • News

    SGO’s New Government Officials Have Been Selected

  • Unaffordable housing developments continue  to crop up around Jersey City

    News

    Ambitious West Campus in Progress

  • News

    “Anti-diversity” Fliers Found on Campus

  • Unaffordable housing developments continue  to crop up around Jersey City

    News

    NJCU, a Sanctuary Campus? Drea[me]rs Fight for DACA

  • Unaffordable housing developments continue  to crop up around Jersey City

    News

    NJCU Drea[me]rs hold fundraiser to support DACA applicants

The student news site of New Jersey City University
Unaffordable housing developments continue to crop up around Jersey City