Real Estate Roundup: New PATH Entrance at WTC, 33 Park Avenue Gets Fitted in Glass


**A new, permanent PATH entrance at the corner of Vesey and Church streets is scheduled to open Tuesday morning, reports The Jersey Journal. The current PATH entrance on Vesey and West Broadway will permanently close Sunday, June 26. —

**Jersey Digs has updates on many of downtown’s major real estate projects, from the 44-story tower at 33 Park Avenue to Gulls Cove 2. —Jersey Digs

**The Jersey Journal has gotten their hands on a document that reveals the timeline for Jersey City’s property revaluation. According to the document, home inspections will start as early as September and notices of new values will be sent to taxpayers by November 2017. The new assessed values will be applied in January 2018. —

**A Brooklyn-based development firm wants to create the world’s tallest free fall ride atop New York’s Penn Station. According to the firm, money generated from the $35 per ticket ride could be used to fund other projects. —NY Daily News

**The One Journal Square tower could soon become WeWork’s third co-living location in the U.S. WeWork gives residents the flexibility of living on a month-to-month (or shorter) basis. Apartments come fully furnished and WeWork tenants can rent rooms or beds in shared apartments for upwards of $1,375 per month, which also includes a co-working space. —Jersey Digs

**New York’s plan to offer ferry service at MetroCard prices is very aggressive. Per the NYT: “City officials believe that if New York is to continue thriving, it must have a robust transportation network and that ferries can play a critical role.” As Jersey City continues to grow and the next  PATH shutdown looms before us, one can only hope the Port Authority will offer additional WTC PATH service (or a subsidized ferry option) like it did during the 2014 PATH shutdown. —New York Times

**Modera Lofts celebrated its official grand opening last week with a ribbon cutting ceremony attended by Mayor Steven Fulop. Located in the Powerhouse District, the sprawling brick structure was formerly a warehouse before being restored by Mill Creek. —

(Image: Jersey Digs)