Building boom finally hits jersey coast Former lawyer helping complete renovations abandoned years ago'it's manhattan driven'the boom will bring traffic jams and headaches, current residents say September 16, 1999by charles v.Bagli charles v.Bagli, new york times news service Like the previous one, the current building boom is fueled by the surging economy in manhattan.The number of jobs on wall street has jumped by 40, 000 since 1991, forcing many investment banks to look for expansion space.Most want to stay in manhattan, but with prime offices in manhattan renting for $50 to $60 per square foot a year, jersey city and the other coast towns look inviting at less than half the price. Apartments and townhouses are also mens ralph lauren long sleeve significantly cheaper on the new jersey waterfront.A luxurious 2, 300 square foot townhouse on the water might cost $500, 000, less than half the pric ... Read more »