Has the time come for Newark’s revival?

From Bloomberg:

In Shadow of Manhattan, a Long-Neglected City Is Having a Moment

For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s at the center of hope that a long-sought recovery for New Jersey’s biggest city may finally be taking hold.

Across from the park’s northern edge, the old Hahne & Co. department store debuted last month as a $174 million redevelopment with 160 apartments and a Rutgers University arts program and jazz museum currently displaying such artifacts as Miles Davis’s trumpet and a gown worn by Ella Fitzgerald. There will also be offices, a restaurant by celebrity chef Marcus Samuelsson and a Whole Foods supermarket that’s set to open March 1, bringing life to a building that had sat empty since 1987.

A reputation for crime and poverty has kept Newark, just 10 miles (16 kilometers) west of Manhattan, mostly on the sidelines of the urban revival that’s transformed swaths of blight into trendy neighborhoods across the U.S. A surge of construction, with the Hahne’s project at its heart, is a sign the city’s luck may be about to change. Developers and their backers — Prudential Financial Inc. and Goldman Sachs Group Inc. among them — are aiming to build the critical mass needed for Newark to improve its image and fill new towers with residents who prize affordability and easy access to mass transit.

The city is “probably the beneficiary of an overheated New York market, where there’s money looking to land,” said Jeff Kolodkin, a New Jersey-based managing director at brokerage Newmark Grubb Knight Frank. With a multitude of companies investing in Newark, “even if a project or two doesn’t go as well as everyone would hope, all of them are not going to go bad.”

About 2,000 residential units were approved for construction last year, adding to the 2,000 that have been built since 2014, according to the city Department of Economic and Housing Development. In that period, about $1.7 billion has been invested in residential, commercial and industrial projects.

Newark’s comeback has been predicted before — in the late 1990s with the opening of the New Jersey Performing Arts Center and a minor-league baseball stadium, and again almost a decade later with the Prudential Center hockey arena — but the hoped-for revival never fully blossomed.

“Folks have been probably overlooking Newark for a long period of time,” Mayor Ras Baraka said in a phone interview. “It just needed us to be really focused on it, market it, to push hard around development.”

This entry was posted in Demographics, Economics, New Development, New Jersey Real Estate. Bookmark the permalink.

67 Responses to Has the time come for Newark’s revival?

  1. Mike says:

    Good Morning New Jersey

  2. Comrade Nom Deplume, The GOAT says:

    Good morning Mike

  3. grim says:

    Ban martial arts training, especially for kids.

    Tiger Schulman is a gateway drug.

  4. grim says:

    Lots of black and hispanic guys – what’s with that.

  5. grim says:

    They seem very well regulated, perhaps one day necessary to the security of a free state, maybe we shouldn’t infringe?

  6. Comrade Nom Deplume, The GOAT says:

    Hey, someone has to keep your sorry, pink butt out of PA when THSTF

  7. Juice Box says:

    re: “Ban martial arts training, especially for kids.”

    My son’s Blue Belt test is next week, he won his sparring contest at the last competition by lifting his leg straight up and with one swift kick to the head cleaned the clock of the little girl he was sparring with. It was one of those wonderful proud moments a parent feels, and that is when I did the Mr. Myagi smile of approval, just like when Daniel won the tournament in the movie.

  8. Comrade Nom Deplume, The GOAT says:

    I wonder if this is the same group trying to revive the inactive PA State Guard? Every state can have a militia but most are inactive and the active ones are quite small

  9. grim says:

    I mean really, most big money funded political action committees are more dangerous than those guys playing GI Joe in the woods. Let’s be serious here.

  10. Ottoman says:

    Black people taking up arms was an integral part of the civil rights movement. All that non violent BS we get taught (and people espouse when they see the Baltimore CVS burning) is just state sanctioned propaganda to keep the masses compliant.

    Of course, the right wing’s (and today’s Democratic Party can be included in right wing because their only purpose is to maintain property rights for corporations) build up of the military and the police means we are all fvcked anyway. You will not win no matter how many guns you amass or inches you think your d!ck is.

    grim says:
    February 27, 2017 at 6:50 am
    Lots of black and hispanic guys – what’s with that.

  11. Ottoman says:

    Don’t want anyone to see you p!ss your pants?

    Comrade Nom Deplume, The GOAT says:
    February 27, 2017 at 6:52 am
    Hey, someone has to keep your sorry, pink butt out of PA when THSTF

  12. Fast Eddie says:

    I laughed out loud when I saw this morning what the buffoons did last night to their trophy show.

  13. Comrade Nom Deplume, The GOAT says:

    Footrest,

    Only thing that matters is the pink mist emanating from your cranium someday. I’d pay for the privilege of sending that round down range.

  14. Comrade Nom Deplume, The GOAT says:

    Eddie,

    I can only imagine the conspiracy theorists that are going to come out of the woodwork now. Already the Daily Mail called out the Academy for going with a heavily black nominee list after it got dinged last year for being too white. That critic also took issue with Moonlight as the best black picture and suggested that others were better.

    Ordinarily I don’t give a rats azz about anything emanating from LA La Land (yeah, I meant to do that) and won’t see most of these films for years, but it’s fun to watch the Left torture itself

  15. D-FENS says:

    Private civilian ownership of arms in the United States should be a non-partisan issue.

    It’s everyone’s right.

  16. Comrade Nom Deplume, The GOAT says:

    Otto,
    “Black people taking up arms was an integral part of the civil rights movement. All that non violent BS we get taught (and people espouse when they see the Baltimore CVS burning) is just state sanctioned propaganda to keep the masses compliant”

    Finally something we agree on.

    The only problem is that you and your kind will tear down your own. You never bring the fight to where your enemies actually are.

  17. grim says:

    Whatever happened to that recent concealed carry case where the central point of the argument was that restrictions to concealed carry and gun ownership traced back to segregation and was still an attempt to keep blacks from becoming gun owners? It was an interesting civil rights argument, but a long shot. If I recall, he was making a push for taking it to the supreme court.

  18. Grab them by the puzzy says:

    @NYDailyNews
    “I WANT AN INVESTIGATION”: Father of Navy SEAL killed in Yemen raid demands probe after refusing to meet with Trump

    ““I want an investigation…The government owes my son an investigation,” Bill Owens told the Miami Herald in his first interview since his son’s death in January.”

    “His son died just weeks before his 37th birthday, as the lone American fatality in a bloody attack on an Al Qaeda compound. The raid also led to the deaths of several civilians — with Al Qaeda claiming more than 20 fatalities, including women and children — as well as injuries for four American fighters, and the destruction of a $75 million military aircraft.”

  19. grim says:

    Ah this one.

    http://www.guns.com/2017/01/30/new-jersey-man-fights-state-gun-permit-law-all-the-way-to-supreme-court/

    Claiming New Jersey’s gun permit laws are derived from slavery and motivated by racism, a man denied a license is set to have his case reviewed by the nation’s high court next month.

    Marc Stephens, representing himself, argues he has a Constitutional right under the Second and Fourteenth amendments to keep and bear arms at home and in public, which the state of New Jersey has denied him even though he has had multiple death threats. His petition is set to be heard by the U.S. Supreme Court in its Feb. 17 conference but has been winding its way through the legal system since 2013.

    Stephens, who legally owned a firearm in California, was told by officials with the Englewood, New Jersey police department that he could not bring his gun to the Garden State without a permit. Six months after filing for a permit through the agency, he was denied with officials citing he did not have a “justifiable need” to own a gun. This led Stephens to file a case in a local court seeking to overturn the denial, which was dismissed in March 2014.

    Switching to federal jurisdiction, subsequent motions for reconsideration in the U.S. District Court and the Court of Appeals for the 3rd Circuit were swatted away, leading Stephens to petition the Supreme Court late last year.

    In his filing, Stephens argues that laws in New Jersey dating back to 1694 have discriminated against gun ownership based on race and the remnants of those laws endure today, in violation of equal protection mandates of the Fourteenth Amendment. Stephens maintains the state’s current firearm permit and licensing scheme was originally “passed through its legislature based on ‘Race Discrimination’” and is seeking to have it overturned by the high court.

    Second Amendment scholars have long held the legal foundation of gun control was laid in oppressive pro-slavery and later Jim Crow-era laws.

  20. Grab them by the puzzy says:

    @pourmecoffee

    Today in 1997:
    law banning most handguns in Britain went into effect and now they live in utter tyranny getting tread on all the time.

  21. Newbomb Turk says:

    Greetings and hallucinations!

  22. Mike says:

    Cities with the highest taxes in NJ Tavistock (Never Heard Of It) comes in first with an average of $31 K
    http://www.nj.com/politics/index.ssf/2017/02/njs_2016_top-taxed_towns.html?ath=e48193b1505a73e67f7874531301093d#cmpid=nsltr_strybutton

  23. Newbomb Turk says:

    From this moment on I will be known as “Newbomb Turk” — so sayeth I the poster formerly known as “Essex”….

  24. STEAMturd, aka ValuePenguin says:

    “Mr. Myagi smile of approval”

    Then did he wax your car?

  25. Comrade Nom Deplume, The GOAT says:

    Juice,

    A kick to the head? Really?

    In no league with which I am familiar, nor in the league in which I fought during college that permitted full pads (for safety) for 2×2 kumite was a strike to the head ever legal.

  26. grim says:

    Mike – Load of crap since many of those towns are talking property taxes on mansions in upscale communities.

    Look at property taxes in places like Irvington, West Orange, etc.

    You’d vomit.

  27. chicagofinance says:

    Wax on, wax off is only for punani……

    STEAMturd, aka ValuePenguin says:
    February 27, 2017 at 9:15 am
    “Mr. Myagi smile of approval”

    Then did he wax your car?

  28. STEAMturd, aka ValuePenguin says:

    Essex,

    Volare!

  29. D-FENS says:

    This was the last I heard of the case Grim:

    Today, February 17, 2017, the Justices of the Supreme Court of the United States are holding a closed conference regarding Marc’s petition. Only four votes are needed to hear the case.

    http://www.englewoodnjnews.com/marc-stephens-challenging-new-jersey-s-firearm-laws-as-unconstitutional-after-receiving-death-threats

  30. STEAMturd, aka ValuePenguin says:

    Dumbest article ever. Kind of like fake news. One only needs to go to the county websites to determine where property taxes fall in relation to each other.

    For example. http://www.state.nj.us/treasury/taxation/lpt/taxrate.shtml

    Cheapest place in EC is traditionally Essex Fells. They don’t even pick up recycling there. If you want to recycle, you bring it to the public works your self. Small government at its best.

    (Gator taught me all this)

  31. D-FENS says:

    I don’t get the impression Marc Stephens has the backing of any large gun rights organizations.

    I think all of the better known 2A legal minds are backing the Peruda case out of California.

    http://michellawyers.com/guncasetracker/perutavsandiego/

  32. Juice Box says:

    Comrade today it’s mixed Tae Kwon Do and Hapkido Karate. You get 3 points for a kick to your opponent’s head (head gear is worn). My son studies is a small family run place, their Grandmaster is a great with kids and was a stuntman in lots of movies.

  33. D-FENS says:

    In an additional blow to civil rights…the 4 Circuit court of appeals ruled it’s ok to ban “Assault Weapons”.

    http://reason.com/blog/2017/02/22/4th-circuit-upholds-marylands-assault-we

    All of these rulings seem absurd to the layman….

    If the second amendment protects civilian gun ownership so that people can assemble and form a Militia…how can a person achieve this if they are not allowed to carry arms outside of their home…and are banned from owning weapons that are normally used by an infantryman?

    Are they supposed to hold drills in their living rooms with grandpa’s old hunting shotgun?

  34. STEAMturd, aka ValuePenguin says:

    A lot of parents send their next of kin to martial arts classes since their endless coddling creates undisciplined juvenile derelicts. In Montclair, the derelict level is so high, not even traditional dojos will do the trick.

    https://baristanet.com/2011/03/juveniles-said-to-be-whipped-by-martial-arts-instructor/

  35. grim says:

    I think my parents are paying around $15k on a two family in Clifton. Much less land, square footage, and value than most of those mansions.

  36. chicagofinance says:

    State Sponsored Executions (clot Edition):

    North Korean dictator Kim Jong Un obliterated five of his most senior aides with anti-aircraft guns after they allegedly turned in false reports on security matters, CBS News said Monday.

  37. Comrade Nom Deplume, The GOAT says:

    Steam,

    Master Tabata used to sponsor weekends called “special training”. You were literally locked in the gym for 36 hours. He had a kendo sword that he used to get your attention. All we remember is the heavily accented “GET SHLOWER” commands she we weren’t deep enough in our stances. Followed by the kendo sword

  38. Comrade Nom Deplume, The GOAT says:

    DFens

    The militia is an area of state concern so states can regulate things like assault weapons. With respect to guns generally, the issue to me is that the Second Amendment applies to the states via the 14th. But there isn’t a neat dovetail and states have traditionally been allowed to regulate in areas Congress clearly cannot. Whether this is one of those examples, I can’t say. It isn’t my bailiwick. I’d have to read the case.

  39. Comrade Nom Deplume, The GOAT says:

    Juice,

    To be clear, the head is a legit target but contact wasn’t allowed, and anything beyond incidental contact was a foul. I just find it a bit strange that a dojo (or dojang since you said Tae) allowed head contact.

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  41. Comrade Nom Deplume, The GOAT says:

    I don’t mind if you leftists want to let these people in. But can you keep them in your own blue states?

    http://www.nbcphiladelphia.com/news/national-international/Amber-Alert-Issued-for-Bridgeport-Girl-Aylin-Hernandez-414692063.html?_osource=taboola-recirc

  42. Comrade Nom Deplume, The GOAT says:

    And here a cute, cuddly NJ real estate story

    http://www.nbcphiladelphia.com/news/national-international/Bears-Hibernation-Yard-Vernon-New-Jersey-Yard–414797353.html?_osource=taboola-recirc

    Otto, drive on over and play with the cubs. Mama bears love that.

  43. STEAMturd, aka ValuePenguin says:

    Nom,

    That Oscar Hernandez(illegal immigrant) story would be all over my Facebook feed if say, he was questioned after he got off a plane. But seeing that he only stabbed his ex-wife to death and nearly killed her friend, as well as kidnapping his daughter and injuring her in a high speed police chase, there’s no mention of it whatsoever. As a matter of fact, until you posted that link, I hadn’t even heard about it.

    Obviously, had we had better knife-control laws, this would never have happened.

  44. The Great Pumpkin says:

    Never even heard of it….manipulation at its best.

    STEAMturd, aka ValuePenguin says:
    February 27, 2017 at 1:05 pm
    Nom,

    That Oscar Hernandez(illegal immigrant) story would be all over my Facebook feed if say, he was questioned after he got off a plane. But seeing that he only stabbed his ex-wife to death and nearly killed her friend, as well as kidnapping his daughter and injuring her in a high speed police chase, there’s no mention of it whatsoever. As a matter of fact, until you posted that link, I hadn’t even heard about it.

    Obviously, had we had better knife-control laws, this would never have happened.

  45. STEAMturd, aka ValuePenguin says:

    This is exactly the fake news issue that Trump is talking about, but sadly, can’t define clearly. My grammar and command of the English language often sucks too. I can sympathize with him. Though, this should not be used against him the way it currently is. I know that when I speak, I expect my audience to get the jist of what I am saying. Especially those who know me well. I really think Trump expects the same from his audience. Unless of course, the audience is hell-bent on knocking him down.

  46. Juice Box says:

    Comrade – To be clear incidental contact or a light tap does not ever count as a point. In some nanny state parts of the world they have banned head kicks in sparring and tournaments.

    Yes I mean kids too, Google!

    https://www.google.com/search?q=tae+kwon+do+tournament+head+kick&biw=1280&bih=934&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjJsuPTgbHSAhWJZiYKHcWSA0kQ_AUIBygC#tbm=isch&q=taekwondo+tournament+kids+head+kick&*

  47. Fast Eddie says:

    Is it true that the cast and crew of La La Land won the popular vote?

  48. grim says:

    PwC got the Groundhog gig wrong too

  49. Juice Box says:

    PwC I am shocked I tell you shocked!

    MF Global, Madoff, Colonia Bank, AIG, Taylor Bean & Whitaker Mortgage Corp
    and on and on….

  50. grim says:

    Steve Harvey just had the best morning ever.

  51. Fast Eddie says:

    Steve Harvey just had the best morning ever.

    Lol! Seriously, how can you f.uck up writing a name on a piece of paper and handing it to a presenter? I mean, these are the same groups of people fingering each other and telling us what is right for the nation.

  52. The Original NJ Expat says:

    Anybody know how much power is consumed by dimmed kitchen lights? I’m wondering, for evening kitchen lighting (with no one in the kitchen) How many under-cabinet puck lights I can leave on and dimmed versus dimming the whole dozen 9.5 watt overhead bulbs. I know “full on” the 65W equivalent LEDs each use about half of one puck light full on, but I’m wondering *dimmed* whether I would use less money leaving on the fewer of the under cabinet lights versus all 12 of the more efficient LED overheads?

    I have a bunch of puck lights under the kitchen cabinets that I *think* use G8 20 watt bulbs like these:

    https://www.walmart.com/ip/10pack-LSE-Lighting-G8-20-watt-Xenon-Light-Bulb-T4-JCD-120V-130V-35mm/138482043

    I also just installed a dozen recessed LED BR30 recessed lights exactly like these:

    http://www.homedepot.com/p/Feit-Electric-65W-Equivalent-Soft-White-BR30-Dimmable-LED-Light-Bulb-12-Pack-BR30DM-10KLED-MP-12/206676116

  53. Grim says:

    My undercab xenon lights us more power than the giant array of led cans above – fully blazing.

    I’m going to dump the xenon for warm led.

    They look pretty and all – and you would think they didn’t guzzle dinosaurs – but they do.

    The problem with dimming them is that they lose efficiency very fast – so 50% lumens consume 80% of the power of a fully lit bulb.

  54. Comrade Nom Deplume, The GOAT says:

    Juice,

    That’s a lot more padding than we wore. I do know injury was a real concern as we had a lot of hard hitters and sometimes i got hurt pretty well

  55. Newbomb Turk says:

    4:03 – my my my you get stupider by the week.

  56. Steamyturd says:

    PCLN booyah!

  57. The Original NJ Expat says:

    grim – thanks, I thought that was the case. I just counted and we have 14 of the xenon undercab lights and 12 recessed LED cans (Actually 13 counting a separate can on it’s own switch to illuminate the short hallway to a half bath). Luckily the undercabs are broken down into 4 switched segments, 6 over the main “L”, 4 over a corner computer nook, 2 over a counter close to the mud room and 2 more over mini-counters(1 xenon each) on either side of the fridge that is adjacent to two doorways into the family room. In the evenings I find I usually leave these two undercabs on half dim that are over the tiny counters adjacent to the family room doorways as it illuminates both entries to the kitchen( and they’re on a single switch). I think I’ll change both of those G8’s out for LEDs just on principal. I just touched one of the lenses and they are piping hot even at half dimmed.

    My undercab xenon lights us more power than the giant array of led cans above – fully blazing.

    I’m going to dump the xenon for warm led.

    They look pretty and all – and you would think they didn’t guzzle dinosaurs – but they do.

    The problem with dimming them is that they lose efficiency very fast – so 50% lumens consume 80% of the power of a fully lit bulb.

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