After the 1967 riots, one part of New jersey was left a barren waist land. But, now it is a place of hope because there will be new creations put there. There will be life brought to a building that has been neglected since the 80’s. The area will undergo a lot of changes, with the intent to improve the life around there.

Key Takeaways:

  • The old hahne and co department debuted 174 million dollars as a start of redevelopment for 160 apartments
  • Approximately 2,000 residential buildings were approved for rehabilitation in the past year and 1.7 billion dollars has been invested into residential and industrial business projects
  • There’s an issue with there being a substantial amount of abandoned buildings as well which is something that is also being worked on

“Newark remains a long way from a full-fledged cultural and real estate renaissance.”

http://nreionline.com/finance-investment/shadow-manhattan-long-neglected-city-having-moment

A commercial building/property inspector will be able to help you discover underlying risks that may be hidden in potential properties in which you may invest. Call Allison Property Inspections with your questions about our detailed process for inspecting commercial, industrial, retail or multi-family buildings in Los Angeles, Riverside or Orange Counties.

Skip the Checkout with Amazon Go
Office Developers Find Home in Residential Area