New-York tribune., 1908-03-08

The city is going TO be as result of the influence
of the tunnels on realty development there. high
class apartment ouse section, because the trend OF
realty affairs old Jersey City has been toward a
greater business centre They do think, how
ever that the business centre is destined 10 become
MANY times greater than il is today, owing 10 the
welding of Jersey City TO Manhattan Island by a
fine tunnel system. and that any one who buys in
that centre Will positively be able 10 sell at a
hig advance in the near future Moreover they
believe that the Van Worst Park section of this
district may become a better residential place,
though is difficult at present 10 discover what IT
is lacking in this respect except it be many mod
ern apartment houses. There are in the Van Worst
Park part Of The city well built and commodlous
dwelling houses
THE DIVISIONS OF THE CITY.
Jersey city is divided fguratively, into six dis
rrfc1s, namely. old Jersey City Bergen. Hudson
City Lafayette. Five Corners and Greenville- The
larger part old Jersey City appeals especially TO
The s.eculator in business properties and sites
which could be quickly ard profitably used for fine
APARTMENT houses: the Lafayette chiefly to persons
handle a. factory sites where spurs con-
Meeting with trunk line railroads can be had the
GreenvilIe the small speculator. or investor IN
factory dwelling house and tenement property, and
also in vacant land which can be bought on easy
terms and held intact until there is a most ia
vorabe market without much expense
The Bergen section is just the type of residential
and retail business district which is generously
profitable to the wideawake investors and home
seekers. The Five Corners the geographical centre
of Hudson County. is where many of the leading de-
velopers of Manhattan business property would be
at home they set foot there. Many Man
haitian SPECTATORS. If they made hasty inspection
OF the realty measurements OF Hudson City-and
Five Corners is fourtshing part of the dis
trict-would undoubtedly say without any equivoca-
that IT compared favorably with any Al specu-
latiye investment field IN the metropolitan zone
VALUES INCREASING RAPIDLY.
Values every section of Jersey City have been
increasing rapidly for some years but especially in
the Bergen the Heights section and In Hudson
City. If the Hudson and Manhattan tunnel system
between Morton St and Hoboken had been
tended directly westward after IL touched Jersey
soil the tunnel would have run through about the
centre of Hudson City. The tunnel system may be
enlarged years later, and if such project is
then carried out what person identified with such
a plan could overlook Hudson City? Hudson City
long ago passed out Of the experimental state Its
values stable as the foundations which
the buildings rest. In this study Of realty condi-
tions in Jersey Citv the immediate future of the
market there will be wholly dependable upon great
tunnel and other projects which are nearly or are
about be perfected. So the oontectures regards
other large plans that may be drawn TO benefit the
city merely result OF desire to look away be-
ycnd .he present market. strong in it's every fibre
and promising remarkable developments which will
make greater Jersey City. years hence
but in the near future
haitian than is 18TH street and Third avenue 1t
is ride of about ten minutes from the centre Of
Hudson City TO the tunnel station at Hoboxen and
IN a journey OF about fifteen more minutes by tIn-
nel and elevated lines City Hall is reached The
journey between the heart of Hudson City and ,be
great retail shopping district Of Manhattan is
usually made in about sixteen minutes. This year
the lower Cortlandt street tubes of the Hudson
anc Manhattan railroad system are expected to he
in operation. and when that tunnel route is open
,,.,llg yoru
a. many splendid dwelling houses s in any other
residential district Of equal size metropolitan