Overnight PATH cuts nightmare scenario for N.J. real estate

The change could also harm redevelopment plans for the Hoboken rail yards

New York /
Jan.January 04, 2015 10:41 AM

A recent report by the Port Authority recommends that overnight PATH train service be cut. But some Hoboken and Jersey City residents and officials are firing back, arguing that proximity to New York City is a major selling point for living in the area.

Hoboken Councilman Ravinder Bhalla told NJ.com that he’s concerned the change could harm the market feasibility of a redevelopment plan for the Hoboken rail yards. The plan calls for a 2.2 million-square-foot mixed-use project at the “doorstep of the Hoboken PATH station,” Bhalla wrote in a letter.

“It is reasonable to believe this was done with the expectation that the Port Authority would continue to honor, if not grow, its PATH service commitments to accommodate the increased usage anticipated by the plan,” Bhalla said. [NJ.com] Christopher Cameron


Related Articles

arrow_forward_ios
Greek Development's David Greek with 500 NJ-208 (Greek Development, Google Maps)
Bittersweet: Nabisco factory to become warehouse
Bittersweet: Nabisco factory to become warehouse
Triple Five Group CEO Don Ghermezian and American Dream Mall in East Rutherford (Getty, World Retail Forum)
Same old story: American Dream mall misses another payment
Same old story: American Dream mall misses another payment
125 Pompton Plains Crossroad in Wayne, NJ (Google Maps)
Industrial is still hot: Monello planning 70K sf warehouse
Industrial is still hot: Monello planning 70K sf warehouse
(Photo Illustration by Steven Dilakian for The Real Deal with Getty)
Tri-state rents are up and down — at the same time
Tri-state rents are up and down — at the same time
122 8th Street in Passaic NJ, Stonemont Financial Group's Zack Markwell (Loopnet, Getty, Stonemont Financial Group)
Warehouse rising from ashes of infamous Passaic fire
Warehouse rising from ashes of infamous Passaic fire
400 Parsons Pond Road (Google Maps)
Developer pitches 585 apartments on Bergen County office campus
Developer pitches 585 apartments on Bergen County office campus
Hackensack mayor John Labrosse, 436 Main Street (Loopnet, Getty, City of Hackensack)
Hackensack Sears redevelopment is back on
Hackensack Sears redevelopment is back on
Campbell's Soup CEO Mark Clouse and 595 Westport Avenue in Norwalk, Connecticut (Getty, LoopNet, Campbell's Soup)
Campbell Soup cans Connecticut office
Campbell Soup cans Connecticut office
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...