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90-Year-Old Jersey City Hot Dog Spot Forced Out For Whole Foods: Report 90-Year-Old Jersey City Hot Dog Spot Forced Out For Whole Foods: Report
90-Year-Old Jersey City Hot Dog Spot Forced Out For Whole Foods: Report One of Jersey City’s oldest food landmarks is facing an uncertain future after nearly 90 years in business. Boulevard Drinks, a longtime Journal Square staple known for its hot dogs and sandwiches, said it is being asked to leave its current location to make way for a new development. “After 90 years of continuous service to the Jersey City community we are now being asked to vacate our historic home to make way for a new development,” the post by longtime owner Effie Bardis said. “The old Jersey City is losing a right of passage.” Manager Victor Victoratos told ABC7 that the new develope…

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by Cecilia Levine
News
NJ Mini Golf Course Tied To $17M Fraud Case Hits Market For $5.7M NJ Mini Golf Course Tied To $17M Fraud Case Hits Market For $5.7M
NJ Mini Golf Course Tied To $17M Fraud Case Hits Market For $5.7M A well-known Long Beach Island property home to a popular mini golf course is now on the market for $5.7 million. Jen’s Links at Lighthouse Cove, located at 501 Broadway in Barnegat Light, sits on more than 1.18 acres of bayfront land in the center of the borough, the listing shows. The property, reffered to in the listing as Lighthouse Cove at Barnegat Light, can be purchased with the current 36-hole mini golf business or has the potential for development with up to seven prime single-family lots, according to the listing.  The property's former Pennsylvania owner, Scott Mas…

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by Cecilia Levine
Real Estate
NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive
NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive New Jersey’s luxury real estate market was thrown into turmoil after lawmakers passed a sweeping mansion tax bill on Monday, June 30, shifting the state’s high-end realty transfer fee from buyers to sellers and adding steep new tiers up to 3.5%. Under the new law, Assembly Bill 5804, sellers of homes over $1 million will absorb what had historically been a 1% buyer-paid fee, with significant increases for higher-value properties. The rates for sellers rises to: 2% over $2 million 2.5% over $2.5 million 3% over $3 million 3.5% over $3.5 million That means a seller of a $4 million home will …

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by Cecilia Levine
Real Estate
$25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex $25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex
$25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex A $25 million real estate deal will bring more than 400 apartments to a site next to Bergen Town Center in Paramus, officials said. JLL Capital Markets announced the sale of the Bergen Town Center Land Site, where a 426-unit multifamily complex will be developed along Forest Avenue near Route 4. The buyer was a joint venture between Russo Development, LLC and KRE Group. The site was sold by Urban Edge Properties, JLL said in the release. The project will roll out in two phases: one with 166 units and the second with 260. Both will offer four stories of apartments over two to three leve…

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by Cecilia Levine