Archinect - News 2017-07-24T16:28:21-04:00 How Jared Kushner — and other developers — get money meant for low-income areas to build luxury developments Nicholas Korody 2017-06-01T12:11:00-04:00 >2017-06-05T21:29:11-04:00 <img src="" width="650" height="650" border="0" title="" alt="" /><em><p>Jared Kushner and his real estate partners wanted to take advantage of a federal program in 2015 that would save them millions of dollars as they built an opulent, 50-story residential tower in this city&rsquo;s booming waterfront district, just across the Hudson River from Lower Manhattan. There was just one problem: The program was designed to benefit projects in poor, job-starved areas. So the project&rsquo;s consultants got creative, records show.</p></em><br /><br /><p>Basically, the tactic is gerrymandering for real estate. Kushner and co. worked with state officials to demarcate the area around the site, 65 Bay Street in Jersey City, as including some of the city's poorest neighborhoods rather than the wealthy neighborhoods just blocks away. So the project looked like it was being built in an area of "extraordinarily high unemployment", reports&nbsp;<em>the Washington Post</em>, in order to get some $50M in low-cost financing via the EB-5 visa program.</p><p>The article notes that the move is perfectly legal and has been used by other developers. "But it illustrates how Kushner, who ran his family&rsquo;s real estate company before he became a senior adviser to President Trump, and his partners exploited a loophole in a federal program that prominent members of both parties say has been plagued by fraud and abuse."</p> World's first permanent Street Art Museum is coming to Jersey City Alexander Walter 2014-06-03T13:48:00-04:00 >2014-06-10T19:22:07-04:00 <img src="" width="600" height="400" border="0" title="" alt="" /><em><p>Jersey City-based art center Mana Contemporary&mdash;the exhibition branch of the Mana Fine Arts art storage, shipping, and packing empire&mdash;is building a street art museum in a former ice factory in Jersey City [...]. In addition to a rotating program of special exhibitions inside the institution, MMUA will boast specially-commissioned murals on its exterior walls, a large billboard where artists will create new works, and a full range of educational and community outreach programs.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html> From drab to fab, Jersey City's alluring architecture is making "Chilltown" hot Alexander Walter 2014-03-07T18:36:00-05:00 >2014-03-10T21:17:23-04:00 <img src="" width="635" height="423" border="0" title="" alt="" /><em><p>As Jersey City has cast off its stigma as a back-office-and-apartment haven of cheap rents and cheaper-looking buildings, more and more professionals and families are calling &ldquo;Chilltown&rdquo; and &ldquo;JC&rdquo; home. They&rsquo;re ditching the suburbs of their parents, but also the stratospheric prices and stuffy attitudes of Manhattan and, increasingly, Brooklyn. The so-called sixth borough has finally become a destination in its own right [...].</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html> Richard Meier Goes Home, to Recall and to Work Richard Meier & Partners 2014-01-27T11:53:00-05:00 >2014-02-03T18:18:56-05:00 <img src="" width="650" height="434" border="0" title="" alt="" /><em><p>Richard Meier is returning to his roots with two new developments in New Jersey, where he grew up.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html> 499.SUMMIT - Jersey City Prison Design Alexander Walter 2012-04-06T20:35:00-04:00 >2012-04-09T17:05:08-04:00 <img src="" width="600" height="720" border="0" title="" alt="" /><em><p>499.SUMMIT is a conceptual proposal for a futuristic high-rise urban penitentiary in Jersey City which seeks to challenge the conventions of traditional prison design. The project, a collaborative effort by grad students Andreas Tjeldflaat and Gregory Knobloch, was part of the PennDesign studio FUTURE PRISON DESIGN.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" ""> <html><head><meta></head></html>