Downtown Newark is about to go through another redevelopment effort, this time led by the New Jersey Performing Arts Center. A $150 million project creating an arts neighborhood complete with housing, cultural centers and a riverfront campus is planned. It’s all part of a larger mission to keep the momentum going to revitalize the city while embracing its storied past.
John Schreiber, CEO of NJPAC, said, “We’ll be building 350-odd units of residential — 80% market, 20% affordable. There’ll be a 20-story tower. And then there will be … four levels of residential with two levels of various types of retail. We’ll also be building for purchase townhomes and condominiums on the campus.”