Newark and mismanaging park space is as iconic of a duo as you can imagine

Seriously, wtf is wrong with them?

Ah the time of year where we lose half the park to a rickety chain link fence

68 1 bedroom apartments is nuts. Wtf ever happened to 2,3 bedroom apartments

Huh? He was already down here cause he made his fortune at Goldman Sachs. He never tried to make it politically in Massachusetts

Hopefully Newark will get a new mayor before the next decade lol

High inflation is the perfect time for a rent freeze that will protect tenants.

Definitely a upgrade for the area

Got it, thanks for the clarification! But the eviction moratorium obviously impacted EVERYONE right (both at the federal and the local Newark level), correct?

(Edited: also, how does this play into the article posted? Isnt the city wide freeze over? And the big question here is: Because the freeze was over a 12 month period, wouldn’t multiple raises be allowed even with rent stabilized ordnances? Thats the part I dont fully understand when reading the article)

The reason I mention this is if you look at MLS sale records and the RE market today in newark…with Principal & Interest + escrow payments, renting in every scenario is cheaper. Thats why i mention policy is critical because without private or local landlords having a decent chunk in the market…developers take over.

Again, I totally understand its a sensitive issue and judging by some of the “eff landlords” comments….I get it. But the alternative is what? Developers touting their chest, Newark losing tax revenue and then absolutely zero net gain in equity for residents….its kind of a mess.

Nah the guy you replied to is right. Building has to be four units or more and all buildings must be at least 30 years old to qualify for rent control.

I suspect a lot of people involved these projects dig the old school aesthetic for buildings in downtown area.

:)

All in for Mikey

But they did on the eviction moratorium, right? Also doesn’t Newark have the “allowable increase to not exceed 4% within a 12 month period” stipulation for all situations? (I could be wrong on this)

One thing to remember about Phil Murphy. He couldn't make it in his home state of Massachusetts so he had to come down here to finally be successful politically

Baraka doesn't want to govern/appeal to/rely on the suburbs for anything lol

they'll be adding floors to this building.

At most he's probably going to get a county level position. He hasn't done anything to really branch out to other communities other than the areas that keep electing him.

The way he has repeatedly screwed over economically depressed long time residents by not fighting waivers for affordable units in new construction. The way he did little to ease the concerns of well meaning people who fed the homeless at Penn station. The way he turned a blind eye to the homeless encampment behind the previously vacant baseball lot as they removed them.

He hurt himself. The man has done things to make out of state developers happy.

I know it's only 8am Tuesday 11/22 (haha!😂🤣) but did anyone attend the Monday hearing? I wanted to, but my Monday evening got unexpectedly hijacked.

Exactly why is there rent freeze when inflation is above 7%.

The more 'finished' render looks like it doesn't have the 3 extra floors. Whereas the hand drawn looking render has the 3 floors included. Anyone know the deal on that (of course assuming the 3 floors are included)? Maybe the more complete looking render is a phase 1?

The landlords and developers have arrived to respond.

Private landlords are typically not subject to rent control ordinances in NJ. There is a minimum number of 4 units and to be over 30years old to be subject to Newark's.

Why is every new development in NJ some shade of brown on brown.