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NJ Real Estate News

NJ Real Estate News: Developers target Jersey City’s West Side with $20M purchase

JERSEY CITY — Puccini’s Restaurant, the famed Italian eatery and catering hall on the city’s West Side, sold earlier this month along with six adjacent parcels for $19.5 million, The Jersey Journal has learned.

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Summary of the Article

Terrence T. McDonald | The Jersey Journal … developers stick to the mid-rises they are allowed to build now, according to Jersey City real-estate agent Jeff Kaplowitz. … New York state had no records with information on Amerestate.

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Article

JERSEY CITY — Puccini’s Restaurant, the famed Italian eatery and catering hall on the city’s West Side, sold earlier this month along with six adjacent parcels for $19.5 million, The Jersey Journal has learned.

The purchase, by Amerestate Holdings, indicates that the housing boom in Journal Square, which has been pushing real-estate prices up by double digit percentages in the heart of the city, is pushing further west.

Culled From

first published: 2015-02-22 18:56:47[otw_is sidebar=otw-sidebar-2][otw_is sidebar=otw-sidebar-7][otw_is sidebar=otw-sidebar-3][otw_is sidebar=otw-sidebar-5]