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July 2008 Trenton Lofts Newsletter
Real Estate, Arts & Politics
Dear Dan,
Trenton real estate market gets a little heat in July

  • "Reinvent Trenton" Blog Launches
  • Green Urban Development
  • Custom Urban Development
  • Architecture Firm Moves to Trenton
  • Cooper's Crossing Breaks Ground
  • Lofty Tidbits
Reinvent Trenton launches
 

Long time Trenton Lofts subscribers have no doubt noticed that I write a lot about revitalization and take issue with our administration's lack of economic insight.

In order to better organize and present my writings on economic revitalization, I've started a blog called ReinventTrenton.com.

The blog will take an economic approach to issues such as real estate development, crime and social programs. I'll call out bad economic development plans and present rational approaches to stimulate Trenton's turn-around.

Cracker Factory - Green features
 
You've probably heard that living in a city is a greener choice than the suburbs. Quite frankly that's a pretty abstract concept.

However, it is true that you can find more efficient buildings in cities. Chicago has become famous for its green development as has Austin and sometimes New York. You don't have to go to Chicago though to find extreme energy efficiency.

There are several bright green buildings right here in Trenton. With winter heating season approaching, now is a good time to think about how much fuel is going to cost this year.

The Broad St. Bank was built to be highly efficient and tenants there report very low heating costs.

If you want to go even greener, you can own a piece of your very own solar panel at the Cracker Factory. The Cracker Factory renovation has loaded up on insulation, energy efficient appliances and reduced water consumption. Where else can you say that a portion of your electric is coming from the sun?

Neat.

Custom Urban Rehab
 
My friends Elizabeth and Matt Faircloth own The DeRosa Group which develops commercial and residential property with a mission to "revitalize urban America."

They asked me to mention an offer they have for potential home owners in Trenton.

It's an urban custom home buyer program

  • You decide where and what you want
  • DeRosa finds a property (with you) and rehabs it to your specification
  • After the project is finished you buy it, or
  • You can execute a Rent to Own agreement

With the rent to own you can put down as little as 3% and a portion of your rent is applied to the purchase price.

You can contact Matt or Liz from their website, thederosagroup.com.

Renovation architectural firm moves to Trenton
  Metamorphisis
McAuliffe + Carroll Architects is moving to Trenton and will be locating in the Trenton Makes building on S. Broad St.

This is good news for Trenton and for people hoping to develop in the city. Rich Carroll has been the Trenton Lofts architect for many years and designed both our renovation on Peace St. and our home on S. Broad. More importantly McAuliffe + Carroll is one of those rare architecture firms who would rather be renovating an old city building than erecting another monument to suburban sprawl in a cornfield.

Rich is turning Trenton developer Roland Pott's Skyline Room into their upscale office suite. This is a nice addition to the Trenton Makes complex and to our neighborhood.

I encourage renovators and developers hoping to invest in Trenton to give McAuliffe + Carroll a call.

Cooper's Crossing breaks ground
 
It's finally happened, a developer is building market rate residential homes in Trenton without affordable housing subsidies. Westrum Development and Ryan Homes are developing a new project on the Kearney Homes site.

This is really great news and the homes look like they'll be a nice addition. The site is off of Rt. 29 across from the Delaware River and just up from Riverfront Park, across from Katmandu restaurant and within a flyball of Waterfront Park.

The Cooper's Crossing project is a few blocks from the Trenton Ferry project and has easy access to downtown.

It will be a while before this project comes on line but if you're in the market for a more traditional town home, it will be a good option.

Lofty tidbits
  Trenton Lofts Logo
Ice House Unit sold
One of the small perks I get from running the Trenton Lofts site and newsletter is a thank you note from the new owner and the realtor. We have a new neighbor in Trenton and that's a great thing.

Video Ad for HHG HHG has put together a video ad for the Trenton Ferry project, here's a link HHG Ad

 

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Trenton Lofts | 324 S. Broad St. | #1 | Trenton | NJ | 08608