Newport, Jersey City

Newport is a 600-acre (2.4 km2) master-planned, mixed-use community in Downtown Jersey City, New Jersey, United States, consisting of retail, residential, office, and entertainment facilities. The neighborhood is situated on the Hudson Waterfront on what had been the yards of Erie Railroad's Pavonia Terminal, located opposite Lower Manhattan and the neighborhood of Tribeca in New York City. Redevelopment of the neighborhood began in 1986 as a $10 billion project led by real-estate tycoon Samuel J. LeFrak and his firm The LeFrak Organization.[1][2]

Newport rental apartment buildings

History

Newport has attracted international buyers.[3]

Transportation

The Hudson-Bergen Light Rail's Newport station and the PATH's Newport station are located in Newport. The area is also served by several New Jersey Transit bus lines, A&C Bus Corporation as well as other private bus lines. Interstate 78 is nearby and connects to the Holland Tunnel, which provides vehicle access to lower Manhattan, as well as to the New Jersey Turnpike Extension.

Land use

Retail shopping and dining

Part of the Newport community is the Newport Centre Mall, a large traditional indoor shopping complex anchored by Macy's, JCPenney, Sears, Kohl's, H&M, and ZARA. Outside the mall and around the Newport area are a variety of primarily neighborhood oriented restaurants (known collectively as "The Restaurants at Newport") and retail stores[4] (known collectively as "The Newport River Market") including a number of notables such as a Target store which opened in 2004,[5] Staples[6] and Best Buy.[7]

Housing

As of 2014, the population of Newport is 15,000.[8] Newport's approved master Redevelopment Plan contains an 'as-of-right' entitlement to build 9,000 units of residential housing. Newport currently includes 10 high-rise rental apartment buildings comprising approximately 4,000 households. Construction of these buildings began in 1985. Newport's 10th rental apartment building, "The Aquablu," was completed and occupied in 2009. Newport also includes 3 high-rise condominium apartment buildings comprising approximately 900 additional households. Construction of these condominium buildings began in 1987. The most recent condominium building, known as "The Shore Condominiums at Newport, North Tower" was completed in 2008. Several adjacent residential buildings just south of Thomas Gangemi Drive along the 10th Street embankment are outside of the Newport Redevelopment Zone,[9] but because they are developed by the LeFrak organization,[10] are often advertised by real estate professionals as being in Newport, but are actually located outside it.

The residential buildings within Newport are:[11]

Many buildings offer views of Hudson River and the New York City skyline. A portion of the Hudson River Waterfront Walkway runs through Newport.

Hotels

Newport's approved master Redevelopment Plan contains an 'as-of-right' entitlement to build 1,200 hotel rooms. A 187-room hotel known as the Courtyard by Marriott Jersey City-Newport opened just south of Newport in 2000. A 429-room full service hotel known as the Westin Newport, Jersey City opened at the beginning of 2009.[13]

Office buildings

The "Newport Office Center" consists of 8 buildings which in total amount to over 5,000,000 square feet (460,000 m2) of Class A commercial office space. The first of these buildings, 111 Town Square Place, was built from the remnants of an abandoned warehouse in 1989 and contains both office and data centers. The most recent building, 100 Town Square Place was completed in 2003. Hundreds of different companies have headquarters or back-offices at Newport. These range from transportation companies such as EVA Air [14] to major financial institutions. The neighborhood’s office towers provide more than six million square feet of office space to major employers including JP Morgan Chase, Citigroup, Fidelity Investments, L’Oreal, Forbes and Tory Burch and house more than 25,000 employees.[15] In March 2019, the LeFrak Organization sold the 350,000 square foot office tower, 570 Washington Boulevard, for $170 million.[16]

Newport 10000

The Newport 10,000, more popularly known as the Newport 10k, is a 10,000 meter road race (running) in the vicinity of the Hudson River Waterfront Walkway.[17] Typically held the second weekend in May, the race tends to attract a strong regional and international field of elite runners. The course is a USATF certified and consists of flat local roads.[18]

  • Newport PATH station
  • Newport Centre Mall
  • "LeFrak Lighthouse"
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References
  1. Weiss, Lois (August 27, 1997). "Newport dream becoming reality - developer Samuel LeFrak's planned Newport community in New Jersey". Real Estate Weekly.
  2. Bagli, Charles V. (April 30, 2012). "For Newport in Jersey City, Last Phase of Development Begins". The New York Times.
  3. Searcey, Dionne (1 October 2014). "Indians Join the Wave of Investors in Condos and Homes in the U.S." New York Times. Retrieved 26 June 2019.
  4. Martin, Antoinette (August 5, 2007). "How Far to the Organic Arugula?". The New York Times.
  5. Scardino, Emily (April 7, 2003). "Target plans opening near NYC: Greatland would be most accessible for Manhattanites". DSN Retailing Today.
  6. "Staples - Newport, Jersey City - Yelp". Yelp.
  7. "Best Buy in Newport, Jersey City". destinationjerseycity.com.
  8. "Newport section of JC has it all". "Home". The Union City Reporter. June 8, 2014. p. 3.
  9. "Newport Redevelopment Plan" (PDF). City of Jersey City.
  10. Digs, Jersey (2015-11-09). "Lefrak's Embankment House at 715 Jersey Ave". Jersey Digs. Retrieved 2019-04-28.
  11. "Residential" on the Newport website
  12. https://www.nytimes.com/2013/07/14/realestate/in-jersey-city-first-on-the-block-with-a-rooftop-lounge.html?action=click&module=RelatedCoverage&pgtype=Article&region=Footer
  13. Clark, Amy Sara (January 28, 2009). "Mayor: High hopes for Newport hotel". The Jersey Journal.
  14. "Service Center Archived 2009-02-04 at the Wayback Machine." EVA AirRetrieved on February 7, 2009.
  15. https://njbiz.com/ny-waterway-ferry-resume-service-newport/
  16. "New Jersey Cheat Sheet: Jersey City office tower sells for $170M, Mack-Cali buys Metropark building amid big portfolio sale… & more". The Real Deal New York. 2019-03-12. Retrieved 2019-04-23.
  17. Steadman, Andrew (May 14, 2012). "Some 1,300 runners participate in Newport 10K race, largest turnout ever". NJ.com.
  18. "Website newport10k.com". website. www.OYMP.net. Retrieved 16 May 2012.


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