The Central Ward holds the most diverse set of development in Newark. From commercial, to residential, University, Hospital, Transportation, Office and Park, the wide array of development tools in our reach are vast. Downtown is the largest downtown in the state of New Jersey. Its assets include 60,000 office workers, the headquarters of five major corporations, five university campuses, and one of the best public transit systems in the nation among mid-sized cities.
The daytime population of Newark is over 400,000, including a workforce of 47,000 people living within one half mile of the intersection of Broad and Market Streets. This has contributed to the largest (Central Ward be the greatest) volume of commercial spaces and proposed residential developments.
Newark, the “Gateway City” is the state’s largest city and an important economic center for the region. It is home to Port Newark, which, combined with the Elizabeth Marine Terminal, is the largest port of the East Coast and 3rd largest port in the country; has the largest education center in the state with over 50,000 students and faculty at its five colleges and universities. Newark is headquarters to numerous corporations such as, Prudential Financial, PSE&G, Panasonic Corporation of North America, and Audible.com. One of the common denominators of the above mentioned institutions is that they are primarily located in the Hub of Newark, which is its Central Ward.
Newark has been building upon its competitive assets leading to its current revitalization. Newark’s growing popularity coupled with the dedicated leadership of the Newark Community make it an ideal time to leverage the current momentum to enhance Newark’s burgeoning economy, and to increase the quality of life for all Newark’s residents.