Exchange Place (Jersey City)
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Exchange Place is a district of
Downtown Jersey City Downtown is an area of Jersey City, New Jersey, which includes the Historic Downtown and the Waterfront. Historic Downtown Historic Downtown was an area of mostly low-rise buildings to the west of the waterfront, but by the 2000s a number of hi ...
, New Jersey that is sometimes referred to as Wall Street West due to the concentration of financial companies that have offices there. The namesake is a square, about 200 feet long, at the foot of Montgomery Street at the
Hudson River The Hudson River is a river that flows from north to south primarily through eastern New York. It originates in the Adirondack Mountains of Upstate New York and flows southward through the Hudson Valley to the New York Harbor between N ...
. This square was created by landfilling the shore at
Paulus Hook Paulus Hook is a community on the Hudson River waterfront in Jersey City Jersey City is the second-most populous city in the U.S. state of New Jersey, after Newark. A high concentration of highrise office and residential buildings in the city are located in the district radiating from Exchange Place, which since the 1990s has overtaken
Journal Square Journal Square is a business district, residential area, and transportation hub in Jersey City, New Jersey, which takes its name from the newspaper ''Jersey Journal'' whose headquarters were located there from 1911 to 2013. The "square" itself is ...
as
Hudson County Hudson County is the most densely populated county in the U.S. state of New Jersey. It lies west of the lower Hudson River, which was named for Henry Hudson, the sea captain who explored the area in 1609. Part of New Jersey's Gateway Region in ...
's major business district and become a major business center along the redeveloped waterfronts in the Port of New York and New Jersey. The Mack-Cali building is host to several nesting sites for peregrine falcons. The New Jersey Department of Environmental Protection, Division of Fish & Wildlife, maintains
Jersey City Peregrine Cam
at some of the sites on the building. The
Hudson River Waterfront Walkway The Hudson River Waterfront Walkway, also known as the Hudson River Walkway, is a promenade along the Hudson Waterfront in New Jersey. The ongoing and incomplete project located on Kill van Kull and the western shore of Upper New York Bay and th ...
crosses Exchange, the other side of which is J. Owen Grundy Park, extending into the
Hudson River The Hudson River is a river that flows from north to south primarily through eastern New York. It originates in the Adirondack Mountains of Upstate New York and flows southward through the Hudson Valley to the New York Harbor between N ...
. The Katyń Memorial by Polish-American artist Andrzej Pitynski is the first memorial of its kind to be raised on American soil to honor the dead of the Katyń Forest massacre. In early May 2018, Holocaust survivor Edward Mosberg co-signed a letter asking Jersey City Mayor
Steven Fulop Steven Michael Fulop (born February 28, 1977) is an American politician serving as the 49th and current mayor of Jersey City, New Jersey. A Democrat, he was formerly the Councilman for Jersey City's Ward E. On May 14, 2013, Fulop defeated incumbe ...
not to remove the Katyń Memorial from Exchange Place in the city, writing: "The memory of the Katyn massacre is an important part of the memory and memories of the Holocaust and we encourage you to reconsider your decision to remove this monument." To the south are New York Waterway's Paulus Hook Ferry Terminal, and the two tallest buildings in New Jersey; the Goldman Sachs Tower and 99 Hudson. The Colgate Clock, promoted by Colgate-Palmolive as the largest in the world, faces
Battery Park The Battery, formerly known as Battery Park, is a public park located at the southern tip of Manhattan Island in New York City facing New York Harbor. It is bounded by Battery Place on the north, State Street on the east, New York Harbor to ...
in lower Manhattan. The clock, which is in diameter with a minute hand weighing 2,200 pounds, was erected in 1924 to replace a smaller one that was relocated to a plant in Jeffersonville, Indiana. The riverfront promenade, which provides vistas of Lower Manhattan, continues along the Morris Canal Little Basin, part of
Liberty State Park Liberty State Park (LSP) is a park in the U.S. state of New Jersey, located on Upper New York Bay in Jersey City opposite Liberty Island and Ellis Island. The park opened in 1976 to coincide with bicentennial celebrations and is operated a ...
. To the north is the former warehouse now housing Harborside Financial Center.


History

As early as July 1764 a ferry began operating from
Paulus Hook Paulus Hook is a community on the Hudson River waterfront in Jersey City Jersey City is the second-most populous city in the U.S. state of New Jersey, after Newark.Cortland Street Ferry Depot would be built) and where Battery Park City Ferry Terminal is located today. The first steam ferry service in New York Harbor and the world was established in 1812 by Robert Livingston (1746-1813) and Robert Fulton and traveled between
Paulus Hook Paulus Hook is a community on the Hudson River waterfront in Jersey City Jersey City is the second-most populous city in the U.S. state of New Jersey, after Newark.Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...
. The ferry dock stood at the head of the important highway to Newark (and points west and south) established in 1795. The ferry in turn influenced the location of the terminal of the New Jersey Railroad, which opened in 1838 running from the ferry dock via Newark to New Brunswick. The railroad purchased the ferry operation in 1853 and in 1858 built a much-needed larger
intermodal terminal Intermodal passenger transport, also called mixed-mode commuting, involves using two or more mode of transport, modes of transportation in a journey. Mixed-mode commuting is often used to combine the strengths (and offset the weaknesses) of va ...
. After acquiring the railroad in 1871, the Pennsylvania Railroad replaced the terminal in 1876 and yet again in 1888-1892. Passengers could move directly between the trains and ferries without going outside (a similar plan can still be seen today at
Hoboken Terminal Hoboken Terminal is a commuter-oriented intermodal passenger station in Hoboken, Hudson County, New Jersey. One of the New York metropolitan area's major transportation hubs, it is served by nine NJ Transit (NJT) commuter rail lines, one Metr ...
). The railroad referred to the location simply as Jersey City, and if necessary to distinguish it from other railroads' terminals, as the
Pennsylvania station Pennsylvania Station (often abbreviated Penn Station) is a name applied by the Pennsylvania Railroad (PRR) to several of its grand passenger terminals. Several are still in active use by Amtrak and other transportation services; others have been ...
. It was probably the street railways, the local transportation in Jersey City, that first needed to identify the location more precisely as Exchange Place. Beginning with horsecars in 1860, the local network connected the ferry with neighborhoods in the city and nearby towns. An off-street terminal called "Exchange Place" was established in 1891. It was almost at the water's edge, across the street from the Pennsylvania Railroad terminal and with easy access to the ferries. Cars with signs reading EXCHANGE PLACE could be seen all over town. In 1901, the privately held land was given to the city by the PRR. The Hudson and Manhattan Railroad opened its tunnels from Exchange Place to New York in 1910. Significantly, the station was at first called "Pennsylvania Railroad Station", not Exchange Place, but by 1916 the name was expanded to include "Exchange Place". By 1926 the H & M station was simply "Exchange Place". The Pennsylvania Railroad did not officially give in until some years later, but all the stations, and the neighborhood, were firmly known as Exchange Place by the 1920s. For many years the location functioned similarly to Hudson Place, farther up the Hudson waterfront, as a terminus for the many trolley lines which crisscrossed
Hudson County Hudson County is the most densely populated county in the U.S. state of New Jersey. It lies west of the lower Hudson River, which was named for Henry Hudson, the sea captain who explored the area in 1609. Part of New Jersey's Gateway Region in ...
, as well as for those which traveled farther, from destinations such as the Newark Public Service Terminal, or the Broadway Terminal in Paterson. At one time more than ten lines operated by the
Public Service Railway Transport of New Jersey (TNJ), earlier Public Service Transportation and then Public Service Coordinated Transport, was a street railway and bus company in the U.S. state of New Jersey from 1917 to 1980, when NJ Transit took over their operations ...
originated/terminated here. The substitution of rail lines with busses, colloquially known as bustitution, was completed in 1949. Ferry services were also discontinued in 1949, and while the Pennsylvania Railroad service dwindled after the opening of Penn Station in New York in 1910, it did not end until 1962. Following the end of service on the Jersey City Branch, the remains of the large terminal were demolished, leaving a large open space on the waterfront. This and the elimination of other railroad passenger and freight yards along the river during the 1960s and 1970s opened up the land that would be used for redevelopment. The continued use of the name "Exchange Place" was based on the Hudson and Manhattan station (
PATH A path is a route for physical travel – see Trail. Path or PATH may also refer to: Physical paths of different types * Bicycle path * Bridle path, used by people on horseback * Course (navigation), the intended path of a vehicle * Desire p ...
since 1962) and signs on the bus routes that had replaced the trolleys. Since 2000, both a trolley service, in the form of the
Hudson Bergen Light Rail Hudson may refer to: People * Hudson (given name) * Hudson (surname) * Henry Hudson, English explorer * Hudson (footballer, born 1986), Hudson Fernando Tobias de Carvalho, Brazilian football right-back * Hudson (footballer, born 1988), Hudson R ...
, and a ferry service, provided by
NY Waterway NY Waterway (or New York Waterway) is a private transportation company running ferry and bus service in the Port of New York and New Jersey and in the Hudson Valley. The company utilizes public-private partnership with agencies such as the Port ...
at the Paulus Hook Hook Ferry Terminal, have been restored. It is also the terminus for several New Jersey Transit and privately operated bus routes.


Transportation


Pennsylvania Railroad Station


PATH

PATH A path is a route for physical travel – see Trail. Path or PATH may also refer to: Physical paths of different types * Bicycle path * Bridle path, used by people on horseback * Course (navigation), the intended path of a vehicle * Desire p ...
service from Exchange Place runs east to the World Trade Center, north to
Hoboken Terminal Hoboken Terminal is a commuter-oriented intermodal passenger station in Hoboken, Hudson County, New Jersey. One of the New York metropolitan area's major transportation hubs, it is served by nine NJ Transit (NJT) commuter rail lines, one Metr ...
, and west to
Journal Square Journal Square is a business district, residential area, and transportation hub in Jersey City, New Jersey, which takes its name from the newspaper ''Jersey Journal'' whose headquarters were located there from 1911 to 2013. The "square" itself is ...
and
Newark Penn Station Pennsylvania Station (also known as Newark Penn Station) is an intermodal passenger station in Newark, New Jersey. One of the New York metropolitan area's major transportation hubs, Newark Penn Station is served by multiple rail and bus carriers, ...
.


HBLR

Three stations of the
Hudson Bergen Light Rail Hudson may refer to: People * Hudson (given name) * Hudson (surname) * Henry Hudson, English explorer * Hudson (footballer, born 1986), Hudson Fernando Tobias de Carvalho, Brazilian football right-back * Hudson (footballer, born 1988), Hudson R ...
in the district are Harborside Financial Center, Essex Street and Exchange Place, where transfer to
PATH A path is a route for physical travel – see Trail. Path or PATH may also refer to: Physical paths of different types * Bicycle path * Bridle path, used by people on horseback * Course (navigation), the intended path of a vehicle * Desire p ...
and ferry are possible.


Paulus Hook Ferry Terminal

The ferry started in 1764 became known as the Jersey City Ferry but after nearly 200 years of service the last regular ferry service across the Hudson ended in the 1960s. Service was revived in 1986 and today
ferries A ferry is a ship, watercraft or amphibious vehicle used to carry passengers, and sometimes vehicles and cargo, across a body of water. A passenger ferry with many stops, such as in Venice, Italy, is sometimes called a water bus or water tax ...
are operated by New York Waterway. A free connecting rush hour bus service in
Paulus Hook Paulus Hook is a community on the Hudson River waterfront in Jersey City Jersey City is the second-most populous city in the U.S. state of New Jersey, after Newark.Grove Street Station for
NY Waterway NY Waterway (or New York Waterway) is a private transportation company running ferry and bus service in the Port of New York and New Jersey and in the Hudson Valley. The company utilizes public-private partnership with agencies such as the Port ...
passengers.


Bus


In Popular Culture

The views provided along the waterfront are often featured as background images of
New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
and
One World Trade Center One World Trade Center (also known as One World Trade, One WTC, and formerly Freedom Tower) is the main building of the rebuilt World Trade Center complex in Lower Manhattan, New York City. Designed by David Childs of Skidmore, Owings & Mer ...
that have been used for
Gmail Gmail is a free email service provided by Google. As of 2019, it had 1.5 billion active users worldwide. A user typically accesses Gmail in a web browser or the official mobile app. Google also supports the use of email clients via the POP and ...
, WordPress, and Emporis. The
EarthCam EarthCam, Inc., based in Upper Saddle River, New Jersey, United States, provides webcam content, technology and services. Founded in 1996, EarthCam.com is a network of scenic webcams offering a complete searchable database of views of places ar ...
webcam for One World Trade Center, which is placed on top of the Hyatt Regency Hotel, is viewed by millions every week and is occasionally used by local TV news stations. The 1998 film Godzilla used the area that the Goldman Sachs Tower currently occupies as the location for a military base. The Exchange Place PATH station was used to film an episode of Law & Order: Special Victims Unit, and the ending of the film
Sid and Nancy ''Sid and Nancy'' (also known as ''Sid and Nancy: Love Kills'') is a 1986 British biographical film directed by Alex Cox, co-written with Abbe Wool, and starring Gary Oldman and Chloe Webb. The film portrays the life of Sid Vicious, bassist of t ...
was shot in the vicinity of Exchange Place near Harborside. A segment of MTV's "The Week in Rock" was filmed along the Exchange Place waterfront during an interview with Queen Latifah. The pier and its New York backdrop is commonly used in the 2021 series ''The Equalizer'' as the location where Robyn and William privately meet. The view of Lower Manhattan from Exchange Place has been used for shots in the music video for Demi Lovato's I Love Me and in the lyric video for Afrojack and David Guetta's song Hero.


See also

*
List of Public Service Railway lines The Public Service Railway operated the following streetcar lines in the U.S. state of New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the stat ...
*
List of ferries across the Hudson River in New York City The following ferries once crossed the North River (Hudson River) between New York City and New Jersey. There was no ferry service between 1967 and 1989, when it was restarted by New York Waterway. Row and Sail Horse ferries Team boat ...


References

{{NYC surface transit Neighborhoods in Jersey City, New Jersey
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
Streets in Hudson County, New Jersey Transportation in Hudson County, New Jersey New Jersey streetcar lines Bus transportation in New Jersey NJ Transit Bus Operations Transit hubs serving New Jersey Redeveloped ports and waterfronts in the United States Tourist attractions in Jersey City, New Jersey