Thursday, June 23, 2016
JMF Properties wins out over Hasidic Jewish MOT development in Bayonne
The Whippany-based JMF Properties got the nod to develop roughly 16 acres of Bayonne's Harbor Station South last night, angering at least one resident who wanted to see ACG Equities bring a $57 million Hasidic Jewish development to the former Military Ocean Terminal property.
JMF Properties got the go ahead to develop townhouses and some retail establishments after the council unanimously approved the measure last night (4-0, 1st Ward Councilman Tommy Cotter was absent).
However, one resident, Paul DeAngelo, an advocate for the New York-based ACG Equities $57 million plan that would've brought a Hasidic Jewish community to about 40 acres of Harbor Station South, wanted to know more about JMF Properties prior to the vote.
Business Administrator Joe DeMarco added that the only number discussed so far with the developer is $30,000 per residential unit, which will be dependent upon the type and design of the buildings, but DeAngelo wasn't satisfied with that answer.
DeAngelo also stressed that the ACG Equities plan would stabilize taxes and also continue to diversify the population of Bayonne.
Council President Sharon Nadrowski responded that JMF Properties is only developing "a very small portion" of Harbor Station South and the ACG Equities project could still potentially happen.
In response to DeAngelo claiming the council was being discriminatory, fellow resident Mike Morris said "Bayonne is not an anti-Semitic town in any way."
Back in April, the city announced that developer Kate Howard LTD had backed out of their Harbor Station South project, ultimately leaving a $15 million hole in the $135 million budget – which has not been approved yet.
In a Hudson County View exclusive earlier the month, Assemblyman Nick Chiaravalloti (D-31) and the Davis administration said they are planning to bring a ferry terminal to the former MOT.
Chiaravalloti, an attorney for Weiner Lesniak LLP, confirmed the firm served as counsel for the defunct Kate Howard LTD plan.
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