Revival of Matawan's Main Street? Matawan on the rise? (Newark: apartments, to rent)

[boleex]

https://patch.com/new-jersey/matawan...ns-main-street

According to the article, the following new businesses are open/going to open:

Joining a wave of activity along Matawan's Main Street, comics and novelty shop The Geekery Comics will be opening for business at 133 Main Street in mid-May. The Geekery joins several new businesses and developments along historic Main Street, including the newly opened co-working space Work With Me Here at 75 Main Street, Matawan Bike Shop at 77 Main Street and artist studios at 60 Main Street. Construction is currently underway on luxury apartments with first-level retail and parking at 126 Main Street, set to be completed in the summer of 2018.

There is also the new transit village that is going up next to the Aberdeen-Matawan train station, which will open in late 2018.

Is Matawan on the rise?

[boleex]

Bumping thread in hopes for any input from the board, especially Matawan residents - thanks everyone.

[Kiru]

Originally Posted by boleex

Bumping thread in hopes for any input from the board, especially Matawan residents - thanks everyone.

I don’t live there but it certainly sounds like “gentrification” is on its way. I don’t think Matawan is as bad as the areas we typically think about when talking about gentrification, i.e. Newark, but the combination of kitschy boutiques with luxury apartments certainly sound like what they’re doing in Newark. Sounds like a good time to snap up some single families to rent out.

[BugsyPal]

Don't know if would call it "gentrification" per se. But more of Matawan and other towns looking to changing demographics, and looking to lure in what demographics predict will be the future.


Many young people either do not want suburban home ownership (and all that goes with it), and or you have middle aged or recently retirees looking to sell the house but stay local due to the kids, grandkids, etc...


That new "City Living" space near train station fits the bill.
https://jerseydigs.com/the-link-at-a...xury-for-rent/


The post WWII flight to the suburbs that fueled Matawan's high growth in the 1940's through 1970's has long ended. Population has been in decline ever since and that trend won't reverse unless the town like others seeks to, and or can attract families/households of the future.


Kids today are marrying later (if at all), and having kids (ditto), but they are into "lifestyle" sort of living.


Look at that complex they put up in Bayonne (Harbor Pointe), which is pretty much like "The Link". You are seeing more and more of such places go up everywhere in NJ.