Newport is a 600-acre (2.4 km2) master-planned mixed use community in Jersey City, New Jersey, consisting of retail, residential, office, and entertainment facilities. Located on Jersey City's Hudson River waterfront, the new development is located opposite the World Financial Center in lower Manhattan. Development of Newport began in the 1980s, as a $10 billion project led by Samuel J. LeFrak and his firm, The LeFrak Organization.[1]
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Newport is well-served by transportation links to New York City, including the adjacent Holland Tunnel for access to lower Manhattan, as well as having good connections to the rest of New Jersey via the New Jersey Turnpike. Public transportation consists of the Hudson-Bergen Light Rail and the PATH, which has stops in Newport (Pavonia-Newport and Newport respectively) and a BillyBey Ferry Company stop in Newport. The area is also served by several New Jersey Transit bus lines as well as some private bus lines.
Part of the Newport community is the Newport Centre Mall, a large traditional indoor shopping complex anchored by Macy's, JC Penney, Sears and Kohl's. Outside the mall and around the Newport area are a variety of primarily neighborhood oriented restaurants (known collectively as "The Restaurants at Newport") and retail stores[2] (known collectively as "The Newport River Market") including a number of notables such as a Target store which opened in 2004,[3] Staples[4] and Best Buy.[5]
Newport's approved master Redevelopment Plan contains an 'as-of-right' entitlement to build 9,000 units of residential housing. Newport currently includes 10 high-rise rental apartment buildings comprising approximately 4,000 households. Construction of these buildings began in 1985. Newport's 10th rental apartment building, "The Aquablu," was completed and occupied in 2009. Newport also includes 3 high-rise condominium apartment buildings comprising approximately 900 additional households. Construction of these condominium buildings began in 1987. The most recent condominium building, known as "The Shore Condominiums at Newport, North Tower" was completed in 2008. Several adjacent residential buildings just south of Thomas Gangemi Drive are often advertised by real estate professionals as being in Newport, but are actually located outside thereof.
The Residential Buildings within Newport: - John Adams - George Washington - James Madison - Thomas Jefferson - James Monroe (condo) - Riverside - Atlantic - East Hampton - South Hampton - Pacific - Shore Condominiums, South Tower (condo) - Shore Condominiums, North Tower (condo) - Aquablu
These buildings offer magnificent views of Midtown and Downtown New York City. Adjacent to these buildings is the Newport waterfront, which runs along the Hudson River and offers ferry rides to New York.
In addition, the Newport Management also has two buildings located in Hamilton Park in its Portfolio. They are "The Lincoln" and "The Roosevelt".
Newport's approved master Redevelopment Plan contains an 'as-of-right' entitlement to build 1,200 hotel rooms. A 187-room hotel known as the Courtyard by Marriott Jersey City-Newport opened just south of Newport in 2000. A 429-room full service hotel known as the Westin Newport, Jersey City opened at the beginning of 2009.[6]
The "Newport Office Center" consists of 8 buildings which in total amount to over 5,000,000 square feet (460,000 m2) of Class A commercial office space. The first of these buildings, 111 Town Square Place, was built from the remnants of an abandoned warehouse in 1989 and contains both office and data centers. The most recent building, 100 Town Square Place was completed in 2003. Hundreds of different companies have headquarters or back-offices at Newport. These range from transportation companies such as EVA Air [7] and Jet Airways [8] to major financial institutions such as JPMorgan Chase which fully occupies two entire buildings in the Newport Office Center.
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