Submitted by iGROWyourBiz2 t3_y7m4t9 in Newark
Business-minded folk:
I'm relocating to Newark.
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What do you feel are needs or opportunities in the Newark Marketplace that could use an experienced entrepreneur to create mutually beneficial ventures?
Interesting, looking up done info now.
When You say gap. How many are there now? Is there a big demand? Are the other ones thriving?
I think you might've taken this response too seriously. It's a reference to Barcade closing its doors earlier this year.
Not that the closure wasn't tragic, but if arcade games have the potential to be a draw, then combining that with a bar may no longer have staying power.
I bet an arcade on Halsey St would be packed with underage college kids every night though.
mmmkay....not being from or living there how on earth would I be on the inside of that joke? lol
thanks for explaining -rofl
Forge beneficial relationships between downtown developers and people who want to open retail shops. There’s a bunch of empty storefronts because developers are buying up the buildings to put in apartments, but the businesses that were there before won’t be able to pay rents on buildings like that. It would be nice if someone could try to help with that somehow
Are the apartments actually going in? Are people able to afford them? Are they in demand or was it a boom and now empty no matter what?
Something similar happened in Tampa Bay Florida. The housing book occurred and everyone wanted to be on there beach. So from Tierra Verde/ft DeSoto to Indian rocks beach north (the entire county up the gulf of Mexico) began to change.
Whereas, there were hotels, apartments, condos, retail shops all up and down the beachfront.
The comm hit and developers paid ridiculous prices for every. Single. thing.
They converted everything into condos. The first ones sold out, so more developers got them.
They overbuilt and what was once a great place to stroll the beach became something less exciting.
The problem was, many condos say empty. I left in 2014, not sure if it has fully bounced back yet.
But I get what you are saying.
I have some ideas, but of course, the plans and openness of the developers will determine what's possible.
Have local businesses gotten together to discuss this issue?
That would be the first step. Money talks. If they are willing to make lease commitments, there are options that is a win for everyone.
As far as I know, they’re buying the properties because of tax incentives because it’s kind of a risky area for development (historically, I guess?). They put in place a big improvement plan for downtown in 2008, and then added two or three more big redevelopment schemes in basically the same area since the. There’s an entity called Newark Downtown District that is created by statute, funded by businesses, and supposed to look out for the neighborhood. They clean up lots of trash and host farmer’s markets. But when I tried to talk to them about this, it was obvious there’s no one who is in charge of talking to the public or listening to our views
Regarding affordability, there will be a certain number of units in each building designated for people who make something like 60% of median income. I don’t see how that helps because it’s still expensive
I think it takes about twenty years to see such areas begin to see development traction. Then another ten to get popping. So if this started in 2008, it might be on par with the norm.
Doesn't mean there are not opportunities for catalysts.
Weirdly enough, I use to live in the Tampa Bay area as well.
ahahaha, then you know where I'm speaking of!
Pretty well.lol
The area near Rutgers business, Tubman park old stadium can use a good deli.
Design your business with Newarks 300,000 residents in mind. If not, it will fail and you should not blame the city.
thanks. I agree. Hence the original question. I would love to hear responses.
Bookstore
I do love books!!!
thebruns t1_isydl3q wrote
There is a huge gap in the market for bars that offer a large quantity of arcade games