NJPAC in Newark is developing apartments, retail space, and a large community center to support its mission and long-term goals.
The groundbreaking of the $336 million ArtSide project in Newark, New Jersey, marks a significant milestone in the city’s revitalization efforts. This ambitious venture, spearheaded by the New Jersey Performing Arts Center (NJPAC), aims to transform a neglected business district into a vibrant arts and retail destination.
The ArtSide project has been in the works for six years, with plans to develop retail space and hundreds of market-rate apartments adjacent to NJPAC. The vision is to not only enhance the city’s skyline but also generate profits to support NJPAC’s arts programming and contribute to the local economy.
Despite setbacks caused by the pandemic, the project gained momentum due to a booming real estate market and favorable state tax incentives. The groundbreaking ceremony on Wednesday signifies a major step towards realizing this transformative initiative.
Newark, a historically industrial city located just 14 miles from Manhattan, has been striving to revitalize its economy and community without succumbing to widespread gentrification. The ArtSide project is poised to play a pivotal role in this revitalization effort, with the potential to shift the city’s focus towards arts and culture.
Mayor Ras J. Baraka expressed optimism about the project, emphasizing its significance in reshaping Newark’s urban landscape. The development of ArtSide is expected to bring about positive changes and create a new center of gravity in the city.
Overall, the ArtSide project represents a substantial investment in Newark’s future, promising to breathe new life into the city and establish it as a dynamic arts and retail destination.
Source: The NY Times
