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In Newark, choice of residential projects trumps one big building, panelists say

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Wasseem Boraie of Boraie Development: "Residential consumers are not going to come to a huge city for one project."-(AARON HOUSTON)

If critical mass is what Newark needs to fuel its long-awaited renaissance, the city is well on its way to achieving that.That was one message last week from commercial real estate leaders at the Newark CRE Summit, an event highlighting economic development in the state’s largest city. Speaking on a panel focused on new construction and investment opportunities, a group of industry insiders said Newark finally has something it had been missing in recent years: a collection of simultaneous projects that will both create a market and provide options to prospective residents.