The Real Deal New York

NJ developers: Don’t compare it to Brooklyn!

Are Hoboken, Newark and Jersey City really the next Williamsburgs? Not so fast...
By Richard Murdocco | June 07, 2016 11:45AM


Teachers Village, a 214-unit mixed-use community in Newark that includes apartments, schools and retail

From the New Jersey Market Report: It’s no secret that Brooklyn has experienced a transformative renaissance in the past decade. And while many cities in and around the New York metro area seek to have their own similar successes, it has been said that select parts of New Jersey are poised to truly become the “spiritual twin” of the borough.

In fact, The Real Deal explored the topic with Jersey City last June — highlighting the Brooklyn-esque artist community the area is now attracting. Meanwhile, Hoboken and Newark have also sought the type of redevelopment that emulates the upward trajectory of the outer-borough success story. [more]