With Jersey City and Hoboken real estate prices reaching record highs, Union City is seeing ever increasing interest from real estate developers. Here’s a round-up of some of the projects in the works for the northern neighbor.
A new mixed-use building is planned for 415-419 35th Street, between Bergenline Avenue and New York Avenue. According to a legal notice from the Union City Zoning Board of Variance, the building is slated to be four stories tall and will contain 24 residential units atop two commercial units. Currently, a three-story building containing the Gabby’s Bazaar gift shop stands at the property, which is just steps from the city’s main business district. If the project is approved, the building will be demolished to make way for the new development, which is being proposed by Rare Enterprise, LLC.
A smaller mixed-use development is also coming to the city. A building containing five residential units and 600 square feet of commercial space will be built at 1811 Bergenline Avenue, between 18th Street and 19th Street. The plans by developer 1811 Bergenline Ave, LLC were approved by the Zoning Board during its meeting on December 8th. The property is currently vacant and fenced off, but was slated to be the site of condominiums. Construction began on that project close to a decade ago, but after years with little progress at the site, what was left of the development was demolished last year. 1811 Bergenline Ave, LLC was incorporated out of Hoboken in December 2015, according to the New Jersey Division of Revenue and Enterprise Services, and NJ Parcels records show that the company acquired the lot in April for $140,000.
Elsewhere in Union City, new multifamily homes are set to be built. A six-family house developed by Englewood Cliffs, Bergen County-based BHD Investments has been approved for 509-511 44th Street, between Bergenline Avenue and John F. Kennedy Boulevard. The site, which sits just across the street from a building being developed by Zohara 4401, LLC of Englewood, is currently a vacant lot. Two blocks away, a new nine-family house was approved for 539-541 42nd Street earlier this month. The developer, 541 42nd Street, LLC, acquired the property, which had been a vacant construction project for the past few years, in July for $1.08 million from Crown Real Estate Holdings, according to NJ Parcels records.
Meanwhile, across town near the Union City Branch Library, a new four-story development called Summit Heights Condominiums is nearly complete at 1901 Summit Avenue, at the northwest corner of 19th Street. The building, which is being developed by De Mattheis Real Estate of Verona, Essex County, will contain 21 luxury condominiums and indoor parking when completed in early 2017. Units contain two bedrooms and two bathrooms, and some feature skyline views. The site previously contained a long-vacant industrial warehouse. De Mattheis bought the property in June 2015 for $1,149,999.
