Photo: Robert Clark
The only real estate summit focused exclusively on the booming Jersey City market will be making its return for a third year to 70 Hudson Street on October 31st.
Jersey City has been shedding its gritty reputation in recent years while seeing incredible levels of residential and commercial development. It is poised to become the largest city in the state by 2018, according to the organizers of the Jersey City Summit.
Certainly, Jersey City has a lot to offer residents, and maybe even enough to tempt the most skeptical of Manhattan homebuyers to look across the Hudson into New Jersey. For starters, it was recently named the most diverse city in America, ranked second as the happiest place to work in the country, and was among the top 10 “greenest” cities named by Forbes magazine.
And, for now, the median price of a home in Jersey City is $386,000, compared to $1.1 million across the river in Manhattan.
Jersey City is home to the 12th largest downtown in the entire country — a downtown that has seen over 50 new restaurant openings and well over 450 new business openings over the last few years.
The city is a great place to work, with the lowest unemployment rate in the state. Jersey City is also spearheading the charge to a $15 an hour minimum wage.
This year’s summit will include opening remarks from Jersey City Mayor Steven Fulop, panels on retail development, emerging neighborhoods, and multi-family construction.
Speakers include Spear Street Capital President Rajiv Patel, Jersey City Director of Planning Annisia Cialone, and J.P. Morgan’s Managing Director and Head of Multifamily Allina Boohoff.
Over 700 people are expected to attend this year’s summit. The full day event begins promptly at 7:30am with a breakfast reception, and ends at 3:20pm with closing remarks.
Click here to view the summit’s website and register to attend.