From the APP:
New Jersey’s suburbs, with their sprawling single-family homes and regional malls built to attract baby boomers, need to be re-engineered for a new generation that wants to ditch its cars and walk, experts say.
Despite reams of demographic data, real estate developers and mayors say the turnaround hasn’t been easy. Not-in-my-backyard residents aren’t shy about voicing concerns about noise and traffic new development can bring.
“The state of New Jersey has to recognize they’re facing a land-use apocalypse,” said Carl Goldberg, a real estate consultant and former chairman of the New Jersey Sports and Exposition Authority.
Goldberg was one of several experts who spoke recently at Monmouth University’s Kisalk Real Estate Institute’s forum titled: “The Future of New Jersey’s Suburbs.”
The event came as builders try to make New Jersey hip and cool enough to attract the giant millennial generation that has made it clear: A suburban life with a large home and long commute to an office park isn’t as idyllic as it once sounded.
“Many of our 20th century assumptions about growth and development have been made obsolete,” Rutgers University economist James W. Hughes said.
The result: From 1950 to 2004, New Jersey added 29 jobs for every one job added in New York City. From 2004 to 2015, New York City added 29 jobs for every one job in New Jersey, Hughes said.
Millennials “look for where they want to live and then think about a job,” said Geoff Anderson, president and chief executive officer of Smart Growth America, a Washington, D.C., research group. “Who does that?”