Submitted by Gamezilla2022 t3_10jii93 in Newark
Comments
NewNewark t1_j5kqfrt wrote
What has broken ground in the last 6 months?
Chelseafc5505 t1_j5kz1kf wrote
Just looking out my window, I can see two projects currently going up...
55 Norfolk (only like 5 stories, never had a crane) 165 residential units & 3200sqft of retail.
Not sure the exact address, but there's one that's been going up on/around Hoyt Street (behind Giovanni's pizza across from NJIT) that actually has the crane up right now.
I don't follow all the exact projects, names, addresses, developers, city approval processes, inside leg measurements for the developer's CEO like some of the weirdos in here do.
My point was that a lack of cranes in the skyline is not an indication of a lack of development. These things take time, there is always plenty of red tape and hoops to jump through.
Just take a drive or walk around and you'll see an insane amount of stuff happening. Sure, they aren't all 75 story skyscrapers, but that's irrelevant.
TrafficSNAFU t1_j5lcf2r wrote
As an aside, this photo is excellent with the lighting and composition imo.
Aggravating_Rise_179 t1_j5kxkzs wrote
I mean the development boom is literally still here. There is a crap ton of new housing under construction or just a few months away from leasing, and many more other projects in the neighborhoods that are stabilizing the city.
If you are asking why havent we seen more towers under construction at the moment, it might have to do with the interest rates on borrowing money going up/potentially a more planned slow down by the city and developers to not swarm the city with too much construction and new housing as that can kill any positive growth the city has seen over the last few years.
Gamezilla2022 OP t1_j5kljc7 wrote
Our skyline looks beautiful in this picture but back on topic. In 2022 so many projects were supposed to break ground and start construction. I remember people saying were going to be seeing a lot of construction cranes in downtown skyline moving forward. Now it’s 2023 and only about 2 or 3 projects actually broke ground last year. Projects such as halo tower 3, 289 Washington street, and just to be nice 50 Sussex ave. Here’s a list of projects that were approved in 2021 or announced a ground breaking in 2022.
- The Vibe Tower
- Paramount Theatre development
- 101 Market Street
- Portnow
- 900 Broad street LOL
- kawaida towers
- CitiSqaure
- NJPAC Development
- 272 or 277 Washington street, the tower replacing the metropolitan building but keeping the facade.
- 930 McCarter hwy is supposed to start later on this year
- 40 Story tower on clay street 🤷🏾♂️🤷🏾♂️
- The Arc Tower might be dead but I’ll ask the attorney today
Kalebxtentacion t1_j5klwg4 wrote
The kawaida tower still not starting is what’s so surprised to me, you would think this would be a passion project for the mayor. But most of these projects got tax abatements or looking for money to fund the construction. But 2024 is when some should start construction hopefully
DavidPuddy666 t1_j5l7lc4 wrote
I believe Kawaida Tower is waiting on an ASPIRE grant from the state.
Jimmy_kong253 t1_j5kn4tr wrote
The coronavirus happened and set everything back
Juicey_J_Hammerman t1_j5kvy4x wrote
Just because you post a pic of one area where it isn’t obviously happening as quickly or has shovels in the ground doesn’t mean it’s not happening in other areas or that there’s not background activity going on. There’s still major structures going up in/near downtown and Ironbound, along with smaller infill and conversion/redevelopment projects.
Newark went through a similar issue following the Great Recession of a bunch of projects getting delayed, shelved, scaled down, and cancelled outright. Developer land banking hasn’t gone away either. Meanwhile there’s still a bunch of projects getting proposed and added to the development pipeline even despite the economic ripple effects of the pandemic.
ScrollHectic t1_j5lrq7g wrote
It's the infill projects for me! They are lower visibility but also important. Drove down Market Street in the Ironbound this Saturday and saw a few projects recently completed or nearing completion that I didn't even know were being built. Smaller bldgs (10 to maybe 20 units) but about a half dozen of them.
Drive around certain parts of the city, and you'll see a good number of these
MewMewFace t1_j5pbm4o wrote
I've been seeing a lot more small-scale changes (not as "sexy" as the big new buildings downtown, but still a good sign), like abandoned stuff being torn down, homes being fixed up, empty lots now with multi-family homes going up. Overall, there's a lot of changes that might go unnoticed since they're tucked in residential areas
DavidPuddy666 t1_j5l7fsp wrote
Opportunity Zone tax break expired.
recnilcram t1_j5n1mct wrote
Remember there are many approvals still active that have been active, even if not on ground-breaking. Even in a mild winter, they likely won't break ground in winter. Then you add in construction phasing, timing of grants and financing approvals, etc.
Ironboundian t1_j5o5ldc wrote
The picture shows land owned by only three property owners. (Accurate Builders, FIDELCO, and Rutgers). All of them are actively working on projects.
thebruns t1_j5pp8km wrote
What project is Rutgers working on?
Ironboundian t1_j5s1zyo wrote
The urby is a Rutgers and L&m project almost done
thebruns t1_j5tezgn wrote
That opened 6 months ago
Ironboundian t1_j5tguqd wrote
My point was that though the pictures showed a few parcels of land, it's not like nothing is happening in the City or Downtown. Just because this particular land is parking, and not active construction, doesn't mean even that these property owners aren't working to advance (or actively finish) projects around the city.
thebruns t1_j5tn91t wrote
Except youre wrong about Rutgers. Theres nothing else theyre working on in Newark.
tuggyforme t1_j5ooc2l wrote
No idea, but they can't blame the shortage of laborers anymore. They're literally ALL here 😅
eucalyptushoney007 t1_j5ppmrk wrote
Newark is a shithole
Newarkguy1836 t1_j5sk5tz wrote
I see it really It takes one....
eucalyptushoney007 t1_j60lpbc wrote
Every restaurant / food place outside ironbound and food carts is dog shit.
Newark is one big food desert
AgitatedAorta t1_j69va59 wrote
Lol, you obviously don't know what you're talking about. Just off the top of my head, I can think of Taino's Kitchen, Calandra's, and Dickie Dee's in just the North Ward alone.
eucalyptushoney007 t1_j6a5cff wrote
Lol chicken n rice, cake and hot dogs..congrats u proved my point
Chelseafc5505 t1_j5kox7o wrote
The big construction cranes on site are only necessary for taller structures. Some projects only need them for a short period of time to move certain structural elements into place, and then the crane is gone.
Tons of stuff has been going up, maybe not yet all the 'towers' that were projected, but if you haven't seen the development happening, you haven't been looking close enough.