Jersey City’s Newport neighborhood was once an abandoned industrial space along the Hudson River. Where some saw only urban decay, others saw opportunity. Over the past four decades, those derelict 600 acres of neglected land have been transformed into a vibrant city within a city. Today, eight office towers, the Newport Centre Mall, 20 acres of public parks, 25 residential buildings, and two hotels make up the thriving waterfront community.
To commemorate the 40th Anniversary of Newport, the Newport Associates Development Company, a partnership of the LeFrak and Simon families, has announced a major philanthropic initiative. The LeFrak and Simon families will donate $1 million to 40 non-profits based in Jersey City.
“As we mark 40 years in Jersey City, we’re proud to reaffirm the commitment that has defined Newport from the very beginning – investing not only in buildings and public spaces, but in the people and institutions that make a city thrive,” commented James LeFrak, Vice Chairman of LeFrak. “This $1 million philanthropy initiative will further strengthen our neighborhood, serve the community, and help ensure the city’s continued success for generations to come.”
The initiative culminates in a Newport 40th community awards ceremony on September 24, 2026, at Jersey City’s Westin Hotel. 40 organizations that directly serve the Jersey City community will receive funding. The minimum award will be $10,000, and some groups may be eligible for a $100,000 cornerstone grant.
“We’re proud of our long-standing investment in Jersey City, where Newport has created meaningful economic opportunities, inclusive places to gather, and a sense of civic pride. This philanthropy initiative is our way to say thank you to the city and its people,” said David Simon, Chairman and CEO of Simon Property Group.
The lasting impact of Newport’s growth has been profound. The redevelopment of the neighborhood drove state and regional investments in mass transit and major utilities. These investments spurred further growth in residential, office, and retail development along all of Jersey City’s waterfront neighborhoods. These early investments fueled economic growth that has supported Jersey City, Hudson County, and the state. Over the last four decades, the neighborhood has generated hundreds of millions in state and local tax revenue.
“At a time when public resources are increasingly strained, partnerships with responsible private sector leaders like Newport are more important than ever,” noted Jersey City Mayor James Solomon. “Newport’s 40th anniversary philanthropy initiative reflects a deep commitment to Jersey City and a clear understanding of the moment we’re in.”
“Newport has demonstrated what is possible when a long-term vision, private investment, and public purpose come together. From reclaiming dilapidated land to creating a thriving, inclusive community, Newport has helped move Jersey City forward,” commented Governor Mikie Sherrill.
All applicants must be IRS 501 (c) (3)-certified nonprofits. The application window is open until April 10, 2026, at www.newportnj.com/newport40.
