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Bayonne site is ship shape.


Fidelco Bayonne Bayonne, town, France
Bayonne (bäyôn`), town (1990 pop. 41,846), Pyrénées-Atlantiques dept., SW France, in Gascony, on the Adour River near its entrance into the Bay of Biscay.
 Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 has been named as the developer for the first phase of the mixed-use redevelopment of the Marine Ocean Terminal at Bayonne, known as the "Peninsula A peninsula is a piece of land that is bordered on three sides by water. A peninsula can also be a headland, cape, island promontory, bill, point, or spit.[1] Europe
  • Europe itself is a peninsula.
 at Bayonne Harbor," in Bayonne, N.J.

Harbor Station, as the first phase is known, consists of approximately 102 acres of land on the western edge of the property.

Portions of the property will be used for road connections and civic purposes such as schools, police, fire and other municipal facilities, as well as active and passive recreational spaces.

When all phases of redevelopment on the entire peninsula are completed, the former military and naval yards will include 6,700 new housing units, 1.5 million s/f of office space, 343,000 s/f of retail space, 397,000 s/f of hotel space and 465,000 s/f of cultural space built in several phases on the 296-acre mixed-use portion of the 430-acre peninsula.

Fidelco was named by the Bayonne Local Redevelopment Authority Noun 1. redevelopment authority - a public administrative unit given responsibility for the renovation of blighted urban areas
administrative body, administrative unit - a unit with administrative responsibilities
 on March 24 to develop the Harbor Station section of the Peninsula.

"This development will be the gateway to the most significant redevelopment in the New York Harbor New York Harbor, a geographic term, refers collectively to the rivers, bays, and tidal estuaries near the mouth of the Hudson River in the vicinity of New York City. This is sometimes construed in the sense "the Ports of New York and New Jersey".  area since the construction of Battery Park City in the 1960's," said Marc E. Berson, a principal in Fidelco.

"Harbor Station will include a full range of uses, including housing, neighborhood and destination retail establishments, recreation and entertainment venues."

The redevelopment plan for the Peninsula at Bayonne Harbor notes that the entire development will result in a world class urban community within one of the most breathtaking breath·tak·ing  
adj.
1. Inspiring or exciting: a breathtaking view; a breathtaking ride.

2. Astonishing; astounding: breathtaking insensitivity.
 marine contexts in the world.

The Harbor Station neighborhood, the plan indicates, will set the tone and character for the whole development.

"Our selection was the result of the hard work of the Public Private Cooperative Venture established by the redevelopment authority and nearly six years of effort by its commissioners to design an award-winning plan for the most significant undeveloped parcel of real estate in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. ," said Steve Kalafer, a principal in Fidelco.

In addition to these public purposes, the redevelopment plan for Harbor Station permits a vibrant mix of uses, including multi-family housing, one- and two-family townhouses, retail and personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. , grocery stores, restaurants and bars, commercial recreation, entertainment facilities, multimedia production facilities, hotels, financial institutions, offices, child care centers, plazas and parking facilities.

Harbor Station is expected to provide market rate and affordable housing opportunities.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Residential Marketing & Brokerage
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Apr 13, 2005
Words:400
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