Today's QuantumListing Hot Spot is Newark, NJ. Newark holds a warm spot in my heart. My four grandparents all chose Newark as their first home when they came to the United States last century in the teens and twenties. My father's father had a grocery store there, which my father helped grow into a public company. My mother's father had a butter and egg business, and her mother had a retail store, the Novelty Kiddie Shop. I was born in Newark, and lived there my first year. Phillip Roth chronicled the Weequahic section where we lived in many of his books. And like many other characters in Roth's books, my family moved from the city when they could.
During the 90's my development partnership, DKH, built Ferry Plaza on Ferry Street in the Ironbound section. I have a great picture at my office of then Mayor Sharpe James holding my infant son, Ben, at the ground breaking ceremony. Ben is now almost 22. Once the center was leased up, we rarely had any vacancy. We subsequently brought in Urstadt Biddle Properties as partner in the center, and they're doing a fantastic job managing it.
Newark has been steadily working toward reclaiming its dominant role in northern New Jersey. The New Jersey Performing Arts Center (NJPAC) has made the city a cultural center for the region, and the Prudential Center is home to the NJ Devils as well as many other events and concerts. Newark has a growing roster of restaurants, new apartments and other businesses. Its beautiful and historic Penn Station and proximity to Manhattan make it a great place to work and live.
So for all of these reasons, we've chosen Newark as the epicenter of today's QuantumListing Hot Spot.
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