Feel Good Story of the Day: Downtown Newark

Despite losing the Nets, the city's downtown is getting great press.

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Reuters

The New Jersey Nets are about to move to Brooklyn. But remarkably, their former home isn't taking much of a hit.

As the Wall Street Journal reports, downtown Newark is on the upswing, with hundreds of millions of dollars in new development. This includes a Courtyard by Marriott hotel (the first hotel to be built downtown in 40 years), a mixed-use development nearby, and Hotel Indigo (a former bank building).

Panasonic Corporation will also be moving its North America headquarters to downtown Newark in 2013, into a swank new 340,000-square foot facility. And then, there's a slew of new restaurants. The deputy mayor told the Journal that this is part of a broader development plan:

"What we want is to have our downtown to be a vibrant 24/7 downtown, not just a business district where people leave at 5 o'clock," said Newark Deputy Mayor Adam Zipkin, who is the city's director of economic and housing development. "We are now starting to see that happen."

 

About the Author

  • Amanda Erickson is a former senior associate editor at CityLab.