Quote:
Originally Posted by izannimda
ROLF!!! Newark is a cesspool.
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I live in Society Hill in University Heights and there is nothing cesspoolish about it. But thank you all for being ignorant about the area so the property values fell so I could snap it up dirt cheap. Now that I'm here the area is changing and I can enjoy a nice uptick in my home's value when I sell 10 years from now
In the meantime my wife enjoys a 22 minute commute from our place to NYC for work and I enjoy a nice 10 min bus ride to work as well for a zero stress commute to work. Plus the Obama credit and my dirt cheap interest rate made it a no brainer. Plus I have a nice garage to store my car and use it just for groceries so I save on gas, tolls and wear and tear.
Already the park is being developed across the street from us
NJIT is ramping up for the next phase of development adjacent to us to open a better living space for Greek students
Downtown the Seton Hall dorms are being built to attract more students
Richardson Loft is finishing for more rental options across from the Arena
Harrison is on track for redevelopment of the Harrison Path station and the arena is coming along nicely
Rutgers is opening their business school on Broad st. and building new dorms to attract more students.
The waterfront on the Passaic river is being developed now.
The new Blue ribbon Robert Treat academy is opening in Aug 2009 3 blocks from us
Broad Street station is being redeveloped from NJIT to the station
The ironbound especially ferry st is being redeveloped as well and looks really good compared to what it was 3 years ago.
The Science park Highschool has been built and the fields next to it are gorgeous.
Shaquille O'neals tower is being built across from the waterfront
The condos next to NJ pac is being planned as well for phase 2.
The whole downtown and University Heights is about to change and see an influx of people. Luckily I'm on the outeredge so I can enjoy my piece and quiet in a less congested area but still walk downtown
The area around the arena is being cleaned up as well.
The notorious Baxter Terrace is going away too and replaced with loss income housing that will be better organized and maintained.
A new police station is opening at the base of the New NJIT dorms
Plans are being developed to open a grocery store next to society hill in the open space
The only project that makes me cringe is the cleanup of the passiac river itself which I think may not happen in our lifetime as it is that bad
Cesspool? Not all of Newark but keep bashing it as I'm itching to buy more property especially now that NJ has urban tax credit so more development will be started.
And here is a hint for all the out of townies, instead of paying to park at Penn station. You can park for free all weekend behind Horizon Blue Cross Blue shield. There are a ton of cameras so your car will be safe.
Sources:
http://www.dranoffproperties.com/art...evelopment.pdf
http://gateway.njit.edu/news/index.php
http://newarksriver.wordpress.com/
http://business.rutgers.edu/default.aspx?id=1581
http://www.njfuture.org/index.cfm?ct...m&ThisItem=925
http://blog.tstc.org/2009/07/02/nj-e...ub-tax-credit/
http://www.buttonfactorylofts.com/
http://www.roberttreatacademy.org/page145.html
http://brickcityurbanfarms.org/
http://farm4.static.flickr.com/3454/...2fa18b9e_b.jpg
http://www.comitoassociates.com/
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