The neighborhood is bound by Routes 9/139 to the north, I-78 to the east, Montgomery Street to the south and Route 9 to the west. The subject property’s neighborhood is Journal Square, a business, residential and transportation hub of Jersey City. The Journal Square Transportation Center opened in 1973, making the area a transportation hub. The subject property itself is one block from the train station. Currently the area is undergoing a period of revitalization and was designated a redevelopment zone. Numerous new buildings are going up including a three tower residential complex and there are approvals for buildings adjacent to the property. The area is currently given over to a mixture of residential and commercial properties, with a dense mix of multifamily properties, retail and office uses. Neighborhood appeal is enhanced by close proximity to the Journal Square PATH and the nearby Holland Tunnel, both leading to New York City, a major employment, shopping, dining and entertainment center.