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89-599: Downtown is an area of Jersey City , New Jersey , which includes the Historic Downtown and the Waterfront. Historic Downtown was an area of mostly low-rise buildings to the west of the waterfront, but by the 2000s a number of high-rise buildings had been constructed. The area includes the neighborhoods of Van Vorst Park and Hamilton Park, which are square parks surrounded by brownstones. The Grove Street neighborhood has also seen considerable development and

178-676: A December 2019 shooting incident , three bystanders were killed in a kosher market in Greenville. The two assailants, who had earlier killed a police detective, were also shot and killed. The West Side borders Greenville to the south and the Hackensack River to the west; it is also bounded to the east and north by Bergen-Lafayette and the broader Journal Square area, including McGinley Square. It consists of various diverse areas on both sides of West Side Avenue, one of Jersey City's leading shopping streets. The climate in this area

267-552: A 15.2% increase from 58,595 Asian Americans enumerated in the 2010 United States census. India Square , also known as " Little India ", "Little Bombay ", or "Little Gujarat ", home to the highest concentration of Asian Indians in the Western Hemisphere , is a rapidly growing Indian American ethnic enclave in Jersey City. Indian Americans constituted 10.9% of the overall population of Jersey City in 2010,

356-630: A 16.5% increase from 27,111 Indian Americans enumerated in the 2010 United States census. Filipino Americans , numbering 16,610 residents, made up 6.2% of Jersey City's population in 2017. The Five Corners district serves as a prominent Little Manila of Jersey City, being home to a thriving Filipino community that forms the second-largest Asian-American subgroup in the city. A variety of Filipino restaurants, shippers and freighters, doctors' offices, bakeries, stores, and even an office of The Filipino Channel have made Newark Avenue their home in recent decades. The largest Filipino-owned grocery store on

445-615: A Dutch province, with headquarters in New Amsterdam . Michael Reyniersz Pauw received a land grant as patroon on the condition that he would establish a settlement of not fewer than fifty persons within four years. He chose the west bank of the Hudson River and purchased the land from the Lenape. This grant is dated November 22, 1630, and is the earliest known conveyance for what are now Hoboken and Jersey City. Pauw, however,

534-582: A citizens' movement is working to turn into public parkland that would be modeled after the High Line in Manhattan . Newport and Exchange Place are redeveloped waterfront areas consisting mostly of residential towers, hotels and office buildings that are among the tallest buildings in the city . Newport is a planned mixed-use community, built on the old Erie Lackawanna Railway yards, made up of residential rental towers, condominiums, office buildings,

623-422: A cluster of Art Deco buildings on a rise in the center of the city, has been converted into residential complexes called The Beacon . Completed in 2016 at a cost of $ 38 million, (~$ 47.3 million in 2023) Berry Lane Park is located along Garfield Avenue in the northern section of Bergen-Lafayette; covering 17.5 acres (7.1 ha), it is the largest municipal park in Jersey City. Downtown Jersey City

712-546: A continuing exodus of business from the downtown core of San Francisco. Significantly high levels of crime and homelessness have become more prominent features of the financial district and neighboring Union Square. Theories advanced range from crime, drugs, and homelessness, to the West Coast's and particularly San Francisco's challenge to remain a relevant commercial and financial center given its relative geographic isolation from other North American commercial centers in

801-618: A daytime swell in population. Many jobs are in the financial and service sectors, as well as in shipping, logistics , and retail. Wall Street West In the 1980s, some financial companies started moving from Manhattan to the west of the Hudson River to settle along the waterfront of Jersey City, New Jersey . The area earned the name "Wall Street West" after Bankers Trust had a major relocation to it in 1985. Other major financial firms followed shortly after with National Westminster Bank of London building its domestic subsidiary there. Donaldson, Lufkin & Jenrette (DLJ) moved into

890-525: A different power grid , transportation network and watershed than New York. In 2006, Governor of Pennsylvania, Ed Rendell , announced the creation of "Wall Street West" initiative to attract 20 potential Wall Street firms to move their backup facilities to Northeastern Pennsylvania in nine counties: Northampton, Berks, Monroe, Carbon, Pike, Wayne, Luzerne and Lackawanna. He also pledged to invest in office space construction, infrastructure improvement and installation of fiber optic cable from New York City to

979-616: A era of increasingly ubiquitous e-commerce. For Denver , Colorado, the city started picking up some shares of commercial buildings in the late 19th century. There was a push by the local politicians to transform its Seventeenth Street to become the "Wall Street of Denver" as seen in an 1892 pamphlet in promoting the Equitable Building by the Equitable Life Assurance Society . Other buildings were constructed at other corners of 17th Street such as

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1068-544: A fourteen-room duplex apartment in Jersey City, a suite at the Plaza Hotel in Manhattan, and a palatial summer home in the seaside community of Deal , and travel to Europe yearly in the royal suites of the best ocean liners. After Hague's retirement from politics, a series of mayors including John V. Kenny , Thomas J. Whelan and Thomas F. X. Smith attempted to take control of Hague's organization, usually under

1157-421: A marina, schools, restaurants, hotels, Newport Centre Mall , a waterfront walkway, transportation facilities, and on-site parking for more than 15,000 vehicles. Newport had a hand in the renaissance of Jersey City although, before ground was broken, much of the downtown area had already begun a steady climb (much like Hoboken). The Heights or Jersey City Heights is a district in the north end of Jersey City atop

1246-549: A new 20-story building in the Exchange Place area . The new Harborside Financial Center was built with anticipation of more relocations. Daiwa Securities , Royal Bank of Canada , and Chase Manhattan Bank were planning to have their major workforce there. Another major development in Exchange Place started with a plan to redevelop the 34-acre former Colgate-Palmolive soap factory in 1988. The first building

1335-414: A separate race. According to the 2020 U.S. Census , the racial makeup (including Hispanics in the racial counts) was 27.32% (79,905) White alone , 19.87% (58,103) Black alone , 0.66% (1,916) Native American alone , 28.01% (81,903) Asian alone , 0.06% (178) Pacific Islander alone , 14.35% (41,970) Other Race alone , and 9.74% (28,474) Multiracial or Mixed Race . According to the 2020 U.S. Census ,

1424-628: A share of financial companies starting in the early part of the 1900s. The new financial buildings were concentrating along South Spring Street. The title of "Wall Street of the West" was used and the Spring Street Financial District was born. The district continued to flourish for many decades until the 1960s when companies started shifting toward the western part of the downtown area. By the early 1980s, partly due to bank mergers and consolidations, many buildings were empty and

1513-571: A state-funded economic development network, worked closely with the Pennsylvania Department of Labor and Industry and Community and Economic Development to develop a proposal for the federal grants through Workforce Innovation in Regional Economic Development (WIRED). The management was later turned to an independent unit called Wall Street West with a 17-member Executive Committee. In June 2007,

1602-601: A waterfront on the east at the Hudson River and New York Bay and on the west at the Hackensack River and Newark Bay . Its north–south axis corresponds with the ridge of Bergen Hill , the emergence of the Hudson Palisades . The city is the site of some of the earliest European settlements in North America, which grew into each other rather than expanding from a central point. This growth and

1691-575: A whole has been experiencing an exodus from northern New Jersey to the Southern United States . Approximately 76,637 Latino and Hispanic Americans lived in Jersey City, composing 28.8% of the population in 2017, representing a 12.3% increase from 68,256 Latino or Hispanic Americans enumerated in the 2010 United States census. Stateside Puerto Ricans , making up a third of the city's Latin American or Hispanic population, constituted

1780-589: A year. The bill impacts all businesses employing workers who work at least 80 hours a calendar year in Jersey City. Jersey City is the seat of Hudson County and the second-most-populous city in New Jersey . According to the United States Census Bureau , the city had a total area of 21.13 square miles (54.74 km ), including 14.74 square miles (38.19 km ) of land and 6.39 square miles (16.55 km ) of water (30.24%). As of

1869-542: Is characterized by hot, humid summers and generally mild to cool winters. According to the Köppen climate classification system, Jersey City has a humid subtropical climate similar to its parallel cities like Newark and New York City . As of the 2020 census , Jersey City had a population of 292,449, and a population density of 19,835.1 inhabitants per square mile (7,658.4/km ) an increase of 44,852 residents (18.1%) from its 2010 census population of 247,597. Since it

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1958-609: Is in the process of being renovated and a number of new residential buildings are being built around the stop, including a proposed 50-story building at 90 Columbus. Historic Downtown is home to many cultural attractions including the Jersey City Museum, the Hudson and Manhattan Railroad Powerhouse (planned to become a museum and artist housing) and the Harsimus Stem Embankment along Sixth Street, which

2047-422: Is just over the city line. Its postal area ZIP Code is 07307. The Heights mostly contains two- and three-family houses and low rise apartment buildings, and is similar to North Hudson architectural style and neighborhood character. Journal Square is a mixed-use district. The square was created in 1923, creating a broad intersection with Hudson Boulevard which itself had been widened in 1908. McGinley Square

2136-533: Is located in close proximity to Journal Square, and has been described as an extension of it. Greenville is on the south end of Jersey City. In the 2010s, the neighborhood underwent a revitalization. Considered an affordable neighborhood in the New York City area, a number of Ultra-Orthodox Jews and young families purchased homes and built a substantial community there, attracted by housing that costs less than half of comparable homes in New York City. In

2225-511: Is now Jersey City was inhabited by the Lenape , a collection of Native American tribes (later called Delaware Indian). In 1609, Henry Hudson , seeking an alternate route to East Asia , anchored his small vessel Halve Maen (English: Half Moon) at Sandy Hook , Harsimus Cove and Weehawken Cove , and elsewhere along what was later named the North River . After spending nine days surveying

2314-647: Is renovated it will maintain its shell that so many locals are used to seeing. A Trump Plaza is currently being constructed on the property to the south of the Powerhouse. In January 2016, the Federal Aviation Administration gave navigational clearance for the construction of a 900-foot (270 m) residential and commercial tower planned by the Chinese Overseas America Corporation, which would succeed

2403-685: Is the area from the Hudson River westward to the Newark Bay Extension of the New Jersey Turnpike ( Interstate 78 ) and the New Jersey Palisades ; it is also bounded by Hoboken to the north and Liberty State Park to the south. Historic Downtown is an area of mostly low-rise buildings to the west of the waterfront that is highly desirable due to its proximity to local amenities and Manhattan. It includes

2492-571: Is the third-most-common language spoken in Jersey City. Jersey City was home to an estimated 9,379 Chinese Americans in 2017, representing a notably rapid growth of 66.2% from the 5,643 Chinese Americans enumerated in the 2010 United States census. Chinese nationals have also been obtaining EB-5 immigrant visas by investing US$ 500,000 apiece in new Downtown Jersey City residential skyscrapers . New Jersey's largest Vietnamese American population resides in Jersey City. There were an estimated 1,813 Vietnamese Americans in Jersey City, according to

2581-399: The 2020 United States census , the city's population was 292,449, an increase of 44,852 (+18.1%) from the 2010 census count of 247,597, in turn an increase of 7,542 (+3.1%) from the 240,055 enumerated at the 2000 census . The Population Estimates Program calculated a population of 291,657 for 2023, making it the 72nd-most populous municipality in the nation. Constituting part of

2670-734: The Boston Building in 1890 and the Ideal Cement Building in 1907. By that time, 17th Street had begun to be referred to as the "Wall Street of the West." After the Colorado National Bank (First National Bank) was constructed in 1911, it reaffirmed its central business district's Wall Street status. 17th Street was also called the "Wall Street of the Rockies" at a later time as it attracted other premier financial institutions. Los Angeles also picked up

2759-726: The East Coast , Phil-Am Food, has been established on the avenue since 1973. An array of Filipino-owned businesses can also be found in the West Side section of the city, where many residents are of Filipino descent. In 2006, Red Ribbon Bakeshop , one of the Philippines' most famous food chains, opened its first branch on the East Coast: a new pastry outlet in Jersey City. Manila Avenue in Downtown Jersey City

Downtown Jersey City - Misplaced Pages Continue

2848-711: The Embarcadero . In 2012, when the Occupy movement had a protest at the San Francisco's Financial District as a continuation of Occupy San Francisco , the protesters went through the financial district under the banner Occupy Wall Street West giving the shorter name of the financial district than its typical name as Wall Street of the West. However, the COVID-19 pandemic in the United States accelerated

2937-605: The New Jersey Palisades overlooking Hoboken to the east and Croxton in the Meadowlands to the west. Previously the city of Hudson City , The Heights was incorporated into Jersey City in 1869. The southern border of The Heights is generally considered to be north of Bergen Arches and the Depressed Highway , while Paterson Plank Road in Washington Park is its main northern boundary. Transfer Station

3026-632: The New York metropolitan area , Jersey City is bounded on the east by the Hudson River and Upper New York Bay and on the west by the Hackensack River and Newark Bay . A port of entry , with 30.7 miles (49.4 km) of waterfront and extensive rail infrastructure and connectivity, the city is an important transportation terminus and distribution and manufacturing center for the Port of New York and New Jersey . The Holland Tunnel , PATH mass transit system, and NY Waterway ferry service connect across

3115-570: The Western United States , the name " Wall Street of the West " has been used in the latter part of the 19th century. Montgomery Street in San Francisco has been known by that nickname to date. Other places were known by that name for a period of time until the industry moved out to other areas. Montgomery Street in San Francisco started its transformation from the street with wood shacks, warehouses and retail stores in

3204-418: The poverty line . 67.9% of residents 16+ were within the civilian labor force. The mean travel time to work for residents was 36.8 minutes. 28.6% of housing units are owner-occupied, with the median value of the homes being $ 344,200. The median gross rent in the city was $ 1,271. Jersey City has been called "one of the most diverse cities in the world". The city is a major port of entry for immigration to

3293-847: The private sector jobs in Jersey City. Within the Financial Service cluster, there are three major sectors: more than 60 percent are in the securities industry ; 20 percent are in banking ; and 8 percent in insurance . After the September 11 attacks, the U.S. Securities and Exchange Commission , the Federal Reserve and the Office of the Comptroller of the Currency recommended that the data backup facilities of Wall Street firms should be moved away from New York City with

3382-670: The topography greatly influenced the development of the sections of the city and its various neighborhoods. The city is divided into six wards . Bergen-Lafayette , formerly Bergen City, New Jersey , lies between Greenville to the south and McGinley Square to the north, while bordering Liberty State Park and Downtown to the east and the West Side neighborhood to the west. Communipaw Avenue , Bergen Avenue, Martin Luther King Drive, and Ocean Avenue are main thoroughfares. The former Jersey City Medical Center complex,

3471-605: The "Wall Street West" expanded to include the entire waterfront area from Newport to Exchange Place. After the September 11 attacks , there were renewed interests from financial firms to diversify their workforce to be outside of Manhattan. At the same time, there was an immediate need to find office space for misplaced workers who used to work in the Lower Manhattan area. Office space in Jersey City's waterfront became boom again due to its proximity to Lower Manhattan and

3560-426: The 1850s. By the 1870s, more notable buildings were constructed to replace the old wood shacks and the mud flats . The street continued to develop from that point with financial services companies located in that area. The Montgomery Street has been known as "Wall Street of the West" to date. The Financial District has been expanded to cover the triangular area east of Grant Avenue, south of Washington Street, west of

3649-548: The 1980s, development of the waterfront in an area previously occupied by rail yards and factories helped to stir the beginnings of a renaissance for Jersey City. The rapid construction of numerous high-rise buildings increased the population and led to the development of the Exchange Place financial district, also known as " Wall Street West ", one of the largest financial centers in the United States. Large financial institutions such as UBS , Goldman Sachs , Chase Bank , Citibank , and Merrill Lynch occupy prominent buildings on

Downtown Jersey City - Misplaced Pages Continue

3738-422: The 1990 census, it had the smallest land area of the 100 most populous cities in the United States. Jersey City is bordered to the east by the Hudson River , to the north by Secaucus , North Bergen , Union City and Hoboken , to the west, across the Hackensack River , by Kearny and Newark , and to the south by Bayonne . Jersey City includes most of Ellis Island (the parts awarded to New Jersey by

3827-509: The 1998 U.S. Supreme Court in the case of New Jersey v. New York ). Liberty Island is surrounded by Jersey City waters in the Upper New York Bay . Given its proximity and various rapid transit connections to Manhattan, Jersey City (along with Hudson County as a whole) is sometimes referred to as New York City's sixth borough . Jersey City (and most of Hudson County) is located on the peninsula known as Bergen Neck , with

3916-568: The 2013–2017 American Community Survey, representing a 12.8% increase from 1,607 Vietnamese Americans enumerated in the 2010 United States census. Arab Americans numbered an estimated 18,628 individuals in Hudson County per the 2013–2017 American Community Survey, representing 2.8% of the county's total population. Arab Americans are the second- highest percentage in New Jersey after Passaic County . Arab Americans are most concentrated in Jersey City, led by Egyptian Americans , including

4005-464: The 2013–2017 American Community Survey, representing a 2.3% increase from 83,925 African Americans enumerated in the county in the 2010 United States census. However, modest growth in the African immigrant population, most notably the growing Nigerian American and Kenyan American populations in Jersey City, is partially offsetting the decline in the city's American-born black population, which as

4094-484: The 2013–2017 American Community Survey, representing a 4.2% increase from 53,236 non-Hispanic whites enumerated in the 2010 United States census. An estimated 63,788 African Americans resided in Jersey City, or 24.0% of the city's population in 2017, representing a slight decrease from 64,002 African Americans enumerated in the 2010 United States census . This is in contrast with Hudson County overall, where there were an estimated 84,114 African Americans, according to

4183-763: The Association carried on, though the enterprise was mired in a legal dispute between New York City and the state of New Jersey over who owned the waterfront. The unresolved dispute would continue until the Treaty of 1834 where New York City formally ceded control of Jersey City to New Jersey. Over that time though, the Jersey Company applied to the New Jersey Legislature to incorporate the Town of Jersey. The legislature enacted "An Act to incorporate

4272-583: The City of Jersey, in the County of Bergen" on January 28, 1820. Under the provision, five freeholders (including Varick, Dey, and Radcliff) were to be chosen as "the Board of Selectmen of Jersey City", thereby establishing the first governing body of the emerging municipality. The city was reincorporated on January 23, 1829, and again on February 22, 1838, at which time it became completely independent of North Bergen and

4361-511: The Dutch settlements at Pavonia: Communipaw, Harsimus, Paulus Hook , Hoebuck, Awiehaken, Pamrapo , and other lands "behind Kill van Kull ". The village of Bergen (located inside a palisaded garrison) was established on what is now Bergen Square in 1660 and officially chartered on September 5, 1661, as the state's first local civil government. As a result, it is regarded as the first permanent settlement and oldest municipality in what would become

4450-509: The Goldman Sachs Tower as the tallest skyscraper in New Jersey. 40°43′41″N 74°04′39″W  /  40.7281°N 74.0776°W  / 40.7281; -74.0776 Jersey City, New Jersey Jersey City is the second-most populous city in the U.S. state of New Jersey , after Newark . It is the county seat of Hudson County , and is the county's most populous city and its largest (by area). As of

4539-484: The Hudson River with Manhattan . Redevelopment of the Jersey City waterfront has made the city one of the largest centers of banking and finance in the United States and has led to the district and city being nicknamed Wall Street West . Jersey City's proximity to Manhattan and its own financially based economy have propelled apartment rents in the city to some of the highest in the United States. The land that

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4628-475: The Jersey City waterfront, some of which are among the tallest buildings in New Jersey . Simultaneous to this building boom, the light-rail network was developed. With 18,000,000 square feet (1,700,000 m ) of office space as of 2011, it has the nation's 12th-largest downtown . City Ordinance 13.097, passed in October 2013, requires employers with ten or more employees to offer up to five paid sick days

4717-684: The Spring Street showed no sign of its past as one of the financial centers. Fort Worth, Texas was known as the "Wall Street of the West" starting in the early 1900s similarly to Los Angeles's South Spring Street. However, it was not the financial companies that gave Fort Worth Stockyards its Wall Street name, but the livestock trading. In 1902, the Livestock Exchange Building was constructed to house many livestock commission companies, telegraph offices, railroad offices and other support businesses. The business grew to

4806-538: The United States and a major employment center at the approximate core of the New York City metropolitan area; and given its proximity to Manhattan , Jersey City has evolved a globally cosmopolitan ambiance of its own, demonstrating a robust and growing demographic and cultural diversity concerning metrics including "nationality, religion, race, and domiciliary partnership ." The U.S. Census accounts for race by two methodologies. "Race alone" and "Race alone less Hispanics" where Hispanics are delineated separately as if

4895-422: The United States. WALDO (Work And Live District Overlay) is an area that is being redeveloped from its days as a warehouse center into an artist community. It is already home to several galleries and restaurants, and the development of artist housing, more galleries, a museum, and stores is being planned. The former Hudson and Manhattan Railroad Powerhouse is the building that anchors this neighborhood and when it

4984-543: The United States. The railroads transformed the geography of the city by building the Erie Cut as well as several large freight rail yards. Jersey City was a dock and manufacturing town for much of the 19th and 20th centuries. Much like New York City, Jersey City has always been a destination for new immigrants to the United States. In its heyday before World War II , German, Irish , and Italian immigrants found work at Colgate , Chloro or Dixon Ticonderoga . In 1908,

5073-508: The annual Philippine–American Friendship Day Parade, an event that occurs yearly on the last Sunday in June. The City Hall of Jersey City raises the Philippine flag in correlation with this event and as a tribute to the contributions of the local Filipino community. The city's annual Santacruzan procession has taken place since 1977 along Manila Avenue. Behind English and Spanish, Tagalog

5162-698: The area and meeting its inhabitants, he sailed as far north as Albany . The contemporary flag of the city is a variation on the Prince's Flag from the Netherlands. The stripes are blue, white and yellow, with the center of the flag showing the city seal, depicting Hudson's ship, the Half Moon , and other modern vessels. By 1621, the Dutch West India Company was organized to manage this new territory and in June 1623, New Netherland became

5251-478: The area for many years. As the economy started to recover between 2011 and 2012, large leases started to pick up again, especially in the Newport area with major financial institutions such as Citigroup and Fidelity Investments . Depository Trust and Clearing Corporation also moved the majority of its workforce from Manhattan to Jersey City. Currently, "Wall Street West" employment contributes to one-third of

5340-513: The city's calculations. Preliminary findings indicated that 19,000 housing units went uncounted. Per the American Community Survey 's 2014–2018 estimates, Jersey City's age distribution was 7.7% of the population under 5, 13.2% between 6–18, 69% – from 19 to 64, and 10.1% who were 65 years of age or older. The median age 34.2 years. Females made up 50.8% of the population and there were 100.1 males per 100 females. 86.5% of

5429-464: The development of the city. Relations with the Lenape deteriorated, in part because of the colonialist's mismanagement and misunderstanding of the indigenous people, and led to series of raids and reprisals and the virtual destruction of the settlement on the west bank. During Kieft's War , approximately eighty Lenapes were killed by the Dutch in a massacre at Pavonia on the night of February 25, 1643. Scattered communities of farmsteads characterized

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5518-419: The ferry services which were not affected by the attacks. By the end of September 2001, ten of the largest 18 firms from the World Trade Center area including American Express and Deutsche Bank moved some of their operations to Jersey City. Goldman Sachs at the time were planning to move its headquarters to the new building being constructed in Jersey City. The boom since 2001 was short-lived. By 2007,

5607-409: The first permanent disinfection system for drinking water in the U.S. was installed on the water supply for the city by John L. Leal . The Hudson Tubes opened in 1911, allowing passengers to take the train to Manhattan as an alternative to the extensive ferry system. The Black Tom explosion occurred on July 30, 1916, as an act of sabotage on American ammunition supplies by German agents to prevent

5696-484: The former mayor of New York City (1789–1801), and Jacob Radcliff , a Justice of the New York Supreme Court who would later become mayor of New York City (twice) from 1810 to 1811 and again from 1815 to 1818. They laid out the city squares and streets that still characterize the neighborhood, giving them names also seen in Lower Manhattan or after war heroes (Grove, Varick, Mercer, Wayne, Monmouth and Montgomery among them). Despite Hamilton's untimely death in August 1804,

5785-459: The groundwork for modern Jersey City through private development. The consortium behind the company were predominantly Federalists who, like Hamilton, had been swept out of power in the election of 1800 by Thomas Jefferson and other Democratic-Republicans . Large tracts of land in Paulus Hook were purchased by the company with the titles owned by Anthony Dey, who was from a prominent old Dutch family, and his two cousins, Colonel Richard Varick ,

5874-461: The highest proportion of any major U.S. city. India Square has been home to the largest outdoor Navratri festivities in New Jersey as well as several Hindu temples ; while an annual, color-filled spring Holi festival has taken place in Jersey City since 1992, centered upon India Square and attracting significant participation and international media attention. In 2017 there were an estimated 31,578 Indian Americans in Jersey City, representing

5963-435: The initiative received an $ 8 million commitment from Level 3 Communications for a $ 40 million project to build a new fiber optic network from Manhattan to East Stroudsburg with a branched-off network in Warren County in New Jersey. This was to address the shortcoming of direct high-speed communication which was required by Wall Street firms. However, by June 2008, the initiative was unable to attract any Wall Street firm to

6052-433: The largest Hispanic group in Jersey City. While Cuban Americans are not as highly concentrated in Jersey City as they are in northern Hudson County , Jersey City has hosted the annual Cuban Parade and Festival of New Jersey at Exchange Place on its downtown waterfront since it was established in 2001. An estimated 67,526 Asian Americans live in Jersey City, constituting 25.4% of the city's population, representing

6141-435: The largest demographic converting to Islam after Black or African Americans . South Asian religions including Buddhism , Hinduism , and Sikhism make up 1.5% of the city's religious demographic, with Judaism at 0.6%. Jersey City has a growing Orthodox Jewish population, centered in the Greenville neighborhood. Jersey City is a regional employment center with over 100,000 private and public sector jobs, which creates

6230-585: The largest population of Coptic Christians in the United States. There were 2,726 same-sex couples in Hudson County in 2010, with Jersey City being the hub, prior to the commencement of same-sex marriages in New Jersey on October 21, 2013. Jersey City is considered one of the most LGBT-friendly communities in New Jersey. Nearly 59.6% of Jersey City's inhabitants are religious adherents, of which 46.2% are Catholic Christians and 7.3% are Protestant Christians. Muslims constituted 3.4% of religious adherents in Jersey City, with local Latino and Hispanics being

6319-521: The mantle of political reform. None were able to duplicate the level of power held by Hague, but the city and the county remained notorious for political corruption for years. By the 1970s the city experienced a period of urban decline that saw many of its wealthy residents leave for the suburbs , due to rising crime, civil unrest, political corruption, and economic hardship. From 1950 to 1980, Jersey City lost 75,000 residents, and from 1975 to 1982, it lost 5,000 jobs, or 9% of its workforce. Beginning in

6408-606: The materials from being used by the Allies in World War I . From 1917 to 1947, Jersey City was governed by Mayor Frank Hague . Originally elected as a candidate supporting reform in governance, the Jersey City History website says his name is "synonymous with the early twentieth century urban American blend of political favoritism and social welfare known as bossism ". Hague ran the city with an iron fist while, at

6497-424: The neighborhood is rich with stores and restaurants. Redevelopment of the Jersey City waterfront has made the city one of the largest centers of banking and finance in the United States and has led to the district and city being nicknamed Wall Street West . By the early 2020s, the construction of numerous residential skyscrapers along the waterfront made median rental rates in Jersey City the highest of any city in

6586-564: The neighborhoods of Van Vorst Park and Hamilton Park , which are both square parks surrounded by brownstones. This historic downtown also includes Paulus Hook , the Village and Harsimus Cove neighborhoods. Newark Avenue & Grove Street, are the main thoroughfares in Downtown Jersey City, both have seen a lot of development and the surrounding neighborhoods have many stores and restaurants. The Grove Street PATH station

6675-425: The population graduated high school, while 44.9% of the population had a bachelor's degree or higher. 7.1% of residents under 65 were disabled, while 15.9% of residents live without health insurance. There were 110,801 housing units and 102,353 households in 2018. The average household size was 2.57. The average per capita income was $ 36,453, and the median household income was $ 62,739. 18.7% of residents lived below

6764-470: The present outline of Jersey City was completed when Greenville agreed to merge into the Greater Jersey City. In the late 1880s, three passenger railroad terminals opened in Jersey City next to the Hudson River ( Pavonia Terminal , Exchange Place and Communipaw ). Tens of millions of immigrants passed through these stations as they made their way westward from Ellis Island into

6853-596: The racial and ethnic makeup (where Hispanics are excluded from the racial counts and placed in their own category) was 23.81% (69,624) White alone (non-Hispanic) , 18.53% (54,199) Black alone (non-Hispanic) , 0.22% (638) Native American alone (non-Hispanic) , 27.84% (81,425) Asian alone (non-Hispanic) , 0.03% (101) Pacific Islander alone (non-Hispanic) , 1.44% (4,204) Other Race alone (non-Hispanic) , 3.24% (9,481) Multiracial or Mixed Race (non-Hispanic) , and 24.89% (72,777) Hispanic or Latino . There were an estimated 55,493 non-Hispanic whites in Jersey City, according to

6942-443: The region with an exception of one financial services related company. A company which hosted compliance solutions for financial services opened its new data center in the region with 10 job creation. By that time, Level 3 Communications indicated that it would not build the fiber optic link unless more financial services firms commit to locate in the region and buy services from them. Part of the difficulties in attracting more companies

7031-549: The region. The region was chosen as it was still within 125 miles (201 km) from Manhattan which was considered far enough to sustain a major disaster but still within the range of instantaneous data transmission via fiber optics. The first project was Penn Regional Business Center in Monroe County. At the beginning of the initiative, Ben Franklin Technology Partners of Northeast Pennsylvania (BFTP/NEP),

7120-417: The same time, molding governors, United States senators, and judges to his whims. Boss Hague was known to be loud and vulgar, but dressed in a stylish manner, earning him the nickname "King Hanky-Panky". In his later years in office, Hague would often dismiss his enemies as " reds " or " commies ". Hague lived like a millionaire, despite having an annual salary that never exceeded $ 8,500. He was able to maintain

7209-471: The state legislature on April 2, 1869, with a special election to be held on October 5, 1869. An element of the bill provide that only contiguous towns could be consolidated. While a majority of the voters across the county approved the merger, the only municipalities that had approved the consolidation plan and that adjoined Jersey City were Hudson City and Bergen City . The consolidation began on March 17, 1870, taking effect on May 3, 1870. Three years later

7298-691: The state of New Jersey. In addition, the oldest surviving houses in Jersey City are of Dutch origin including the Newkirk House (1690), the Van Vorst Farmhouse (1740), and the Van Wagenen House (1740). In 1804, Alexander Hamilton , now a private citizen, was focused on increasing manufacturing in the greater New York City area. To that end, he helped to create the Associates of the Jersey Company which would lay

7387-520: The vacancy rate had increased and some financial firms had scaled down their plans. UBS changed their plans to fully occupy the newly constructed building. Goldman Sachs only partially occupied its building and planned to build a new headquarters in New York. Wall Street West suffered further by the 2008 financial crisis . The office space vacancy rate spiked as investment bank tenants started collapsing. The downturn economy dampened real estate growth in

7476-472: Was 101 Hudson Street with more than 3,000 back-office workers of Merrill Lynch and Lehman Brothers moved in by 1993. On the northern end of Jersey City's waterfront, another major development called Newport was started in the late 1980s. It was planned as a mixed-use community with office, residential and retail buildings. By early 2001, Newport had gained major tenants including UBS , Knight Capital , and Insurance Services Office By that time,

7565-626: Was an absentee landlord who neglected to populate the area and was obliged to sell his holdings back to the Company in 1633. That year, a house was built at Communipaw for Jan Evertsen Bout , superintendent of the colony, which had been named Pavonia (the Latinized form of Pauw's name, which means "peacock"). Shortly after, another house was built at Harsimus Cove and became the home of Cornelius Van Vorst , who had succeeded Bout as superintendent, and whose family would become influential in

7654-457: Was believed the earlier population was under-counted, the 2010 census was anticipated with the possibility that Jersey City might become the state's most populated city, surpassing Newark. The city hired an outside firm to contest the results, citing the fact that development in the city between 2000 and 2010 substantially increased the number of housing units and that new populations may have been under-counted by as many as 30,000 residents based on

7743-533: Was given its present name. On February 22, 1840, it became part of the newly created Hudson County. During the 19th century, former slaves reached Jersey City on one of the four routes of the Underground Railroad that led to the city. Soon after the Civil War , the idea arose of uniting all of the towns of Hudson County east of the Hackensack River into one municipality. A bill was approved by

7832-532: Was named for the Philippine capital city because of the many Filipinos who built their homes on the street during the 1970s. A memorial dedicated to the Filipino-American veterans of the Vietnam War was built in a small square on Manila Avenue. A park and statue dedicated to Jose P. Rizal , a national hero of the Philippines, are also located in Downtown Jersey City. Furthermore, Jersey City hosts

7921-640: Was that many financial institutions were more comfortable with the shorter range of 70 kilometres (43 mi) from Manhattan which caused many financial firms to build out their new data centers in Central New Jersey instead. Without a commitment from financial services companies, the decision was made in 2009 to expand the Wall Street West mission to include healthcare, advanced materials and diversified manufacturing, and logistics and transportation industries. For those locations in

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