Development

For centuries, Broad Street in Newark has been one of the busiest thoroughfares in the state. Historically, shops have lined the street for several miles, but now, many changes are happening along the block. Several new residential developments are coming, or have already come, to the Broad Street corridor.

A previously approved project that will fill a vacant lot in Journal Square will be made up of “coliving” spaces, a development that will bring some new housing options to the market in a neighborhood that is quickly changing.

Philadelphia-based KMS Development Partners have released plans for a state-of-the-art Hilton Hotel in downtown Hoboken that would also help revitalize the city’s main Post Office, but a few hurdles remain before the project actually becomes a reality.

An Essex County organization has announced plans for a new housing community targeted towards local residents who experience homelessness.

Last week the Jersey City Planning Board voted unanimously to approve an amendment to the Paulus Hook Redevelopment Plan that paves the way for a new, potentially 60-story tower at the corner of Warren Street and Christopher Columbus Drive.

A new building coming to Newark will tower over the city’s Downtown. Named, One Theater Square, it will be the city’s first new residential high-rise since the 1960’s.

While several of New Jersey’s northern cities are experiencing a revitalization not seen in a generation, the trickle-out effect into the suburbs has also started to pick up some steam. Earlier this week, a new boutique community called The Green at Bloomfield opened up in Bloomfield.

The developer behind a new 6-story, 138-unit building in Bayonne announced they will soon begin construction on the project which will span the block from 19th Street to 21st Street along Broadway.

A new development project may soon be breaking ground in the Lafayette neighborhood of Jersey City. Last week, City Council voted to approve a 20-year tax abatement for a project at 2-16 Ash Street / 440-446 Whiton Street.

The Central Business District of New Jersey's largest city has seen many of its recent development projects centered around one street in the past few years. Now, even more changes could be coming to areas along the block.