While Downtown has gotten all the attention as Newark’s hub of commercial redevelopment, University Heights has quietly become one of the city’s hottest up-and-coming residential neighborhoods.
A singer, songwriter, talk show host, and producer who was born and raised in the Garden State appears to be behind a new development that is planned for her home county.
Late last year, the Cherry Park Apartments development officially opened in Newark's North Ward, near the Belleville border, bringing 100 new residences to the area.
Newark's popular Ironbound neighborhood could soon see a new residential development. According to a listing posted on LoopNet, a building called Vesey Street Commons is slated for development at 115 Chestnut Street.
Just announced this week, the GRAMMY Museum Experience is set to open their first East Coast location this fall on the ground floor of the Prudential Center in Downtown Newark. The new museum could bring thousands of tourists annually to the city.
Construction is currently underway to convert the four-story building at 118-126 Green Street, at the northeast corner of New Jersey Railroad Avenue in the Ironbound neighborhood of Newark's East Ward, into the five-story Textile Lofts development.
Several redevelopment projects have added significant retail space to Downtown Newark over the last few years, and those storefronts are now starting to fill up with a little bit of everything that should add life to the streetscape.
Two projects that stalled following the real estate downturn are seeing new activity. Plans have been revealed to finish an abandoned 3-story residential project at 310-316 Clinton Avenue and a stalled strip mall has been converted into the Mary Elizabeth Mahoney Women’s Health and Wellness Center.
If you’re looking for an investment property, these two three-family homes in Newark offer limitless potential. With a recently reduced listing prices and 100% occupancy, you’ll see more return on your investment right away.
A symbol of Newark’s past is becoming a part of its future as an industrial facility in one of the city’s most dense neighborhoods is being converted into residential use.