OT: New Brunswick train station getting a facelift

[RUskoolie]

You helped me out 5 or 6 years ago when my kid was looking. I also have a cousin who was a New Brunswick police officer who steered me away from the areas that were quite bad. Ultimately, the kid stayed in campus housing, graduated, and is doing fabulously in life. Rutgers can be a "hard" place to navigate, but I appreciate how it is a precursor for life, and you can learn a lot dealing with bureaucracy, landlords, and life in a small city.

Question for you- with all of the development around the new cancer center, will the old building that was formerly The Court Tavern survive? Currently, it is a vegan restaurant, if it is even still open, which is sacrilege to the place it used to be.

Downtown is a different animal all together but there are many projects getting approved down there and I believe they want a 30 story skyscraper in that area (I think it got approved already). I know who the owner of Veganize is actually, never been there though.

Most of those old buildings down there need to be bulldozed. We have some good people in the city tbh, between the mayor, head of planning, the construction officials...a lot of oars rowing in the same direction and they understand these buildings are only getting older and they're not historic.

Oh...you guys (some of you) might appreciate this story....anyone remember the NIMBY professors who lived on Mine St and threw a temper tantrum for a year that a 30 unit development was going up next door? They argued it was a historic site, shouldn't be touched etc etc this was back around 2016....they turned around and year ago and got some half assed drawings, put both of their houses up for sale for double the value as a future development site and sold them.

 

[Captain Hogleg]

Man I hear you. A lot of those houses are complete dumps. We manage a good chunk of them for other owners and take a lot of bullets but we don't own them. I can't put a gun to an owners head and say "new kitchen". I am proud to say I have convinced several people to fully gut renovate the houses and I do it for my own houses, so we have about 25 units now that are "luxury" where we gutted everything, got rid of the knob and tub wiring, galvanized pipes, actually put insulation in the house, new siding, windows, AC etc. Those fly off the shelf when we try to rent them. Here is another one we did construction on and sold this year for a client

That looks great - really nice job on this. NB needs a whole bunch more of this kind of renovation. People will pay up if they get this kind of product.

 

[newell138]

Man I hear you. A lot of those houses are complete dumps. We manage a good chunk of them for other owners and take a lot of bullets but we don't own them. I can't put a gun to an owners head and say "new kitchen". I am proud to say I have convinced several people to fully gut renovate the houses and I do it for my own houses, so we have about 25 units now that are "luxury" where we gutted everything, got rid of the knob and tub wiring, galvanized pipes, actually put insulation in the house, new siding, windows, AC etc. Those fly off the shelf when we try to rent them. Here is another one we did construction on and sold this year for a client

This was my goal back in 1987 when I purchased 94 Guilden with a buddy. Fix it up rent it out and buy another, etc. Plan was working great until I discovered he was snorting all the profits and creating fake expenses

 

[RUPete90]

This was my goal back in 1987 when I purchased 94 Guilden with a buddy. Fix it up rent it out and buy another, etc. Plan was working great until I discovered he was snorting all the profits and creating fake expenses

The plan was solid in theory. It was the 80s and you should’ve factored in potential excessive coke consumption by business partners as a risk factor. But I’m being Captain Hindsight here.

 

[RUskoolie]

That looks great - really nice job on this. NB needs a whole bunch more of this kind of renovation. People will pay up if they get this kind of product.

Thank you, we have 2 penciled in for next summer for clients that are full guts and 2 new construction houses as well for clients. Going for approvals on a large apartment building in 2 weeks. God willing they approve it and let me build a very beautiful building. My goal is to 10x what I am doing to speed up rehabilitating areas in the city. I convince more and more people to do this.

 

[newell138]

Thank you, we have 2 penciled in for next summer for clients that are full guts and 2 new construction houses as well for clients. Going for approvals on a large apartment building in 2 weeks. God willing they approve it and let me build a very beautiful building. My goal is to 10x what I am doing to speed up rehabilitating areas in the city. I convince more and more people to do this.

It’s a win win for you and the neighborhood

 

[JL23]

The town, and Easton Avenue in general, oozes with potential
Really hope they continue building it up, and kudo's to Skoolie for being a large part in making this happen

Speaking of Skoolie, I think I saw you at the bball home opener sitting in front of us in the Hollywood seats - if it was you, I didn't want to bother you as you were with a child (presumably your daughter)