Reuters

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

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

Most Popular

  1. Design

    How 'Maintainers,' Not 'Innovators,' Make the World Turn

    We need more stories about the labor that sustains society, a group of scholars say.

  2. A man walks by an abandoned home in Youngstown, Ohio
    Life

    How Some Shrinking Cities Are Still Prospering

    A study finds that some shrinking cities are prosperous areas with smaller, more-educated populations. But they also have greater levels of income inequality.

  3. A rendering of a co-living building in San Jose.
    Life

    The Largest Co-Living Building in the World Is Coming to San Jose

    The startup Starcity plans to build an 800-unit, 18-story “dorm for adults” to help affordably house Silicon Valley’s booming workforce.

  4. a photo of yellow vest protesters in Paris, France.
    Equity

    To Understand American Political Anger, Look to ‘Peripheral France’

    French geographer Christophe Guilluy has a controversial diagnosis of working-class resentment in the age of Trump, Brexit, and the Yellow Vests.

  5. Aerial view of new single-family homes on curving streets.
    Life

    How Should We Define the Suburbs?

    Based on census boundaries, ways of life, and physical characteristics, respectively, three new definitions offer a composite portrait of American suburbia.

×