Submitted by Gamezilla2022 t3_10jii93 in Newark
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.
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