JERSEY CITY (METRO NEW YORK), NEW JERSEY
THE CENTER OF OPPORTUNITY Just across from Manhattan on the banks of the Hudson River, Newport Centre is a dynamic hub for top-performing retail, upscale living, major corporations and rapid transit. Its strategic location in the heart of Jersey City s burgeoning Newport Hudson Waterfront makes Newport Centre the county s premier shopping destination. The center offers tax-free pricing on apparel, making it a magnet for fashion-forward shoppers. Newport Office Center, which includes eight towers and is located directly across the street, is ranked as having the 13th highest office density in the country and houses 30,000 office employees of which 97% shop at Newport Centre. Newport s economic sphere is now one of the fastest growing as Fortune 500 companies such as Forbes Media, Chase Manhattan Bank, JP Morgan, UBS, VF Sportswear, and others continue to bring their business to the area. Jersey City s unemployment rate has dipped to 4.1 percent, the lowest the city s jobless rate has been in 25 years.
MASS-TRANSIT GATEWAY Positioned directly above terminals for the PATH train and Hudson Bergen Light Rail adjacent to the Holland Tunnel, Newport Centre benefits from an impressive built-in commuter gateway base to and from the city. On average, more than six million consumers travel through Newport Centre weekly. Light Rail 280,000 weekly riders Path 5,449,000 weekly riders Holland Tunnel 90,700 vehicles daily
THE BUSINESS OF BUSINESS A substantial workforce of young, upwardly mobile professionals make up the significant daytime population. More than 79,000 potential shoppers work within one mile of Newport Centre. A total of 17 million square feet of office space is within walking distance. Eight buildings with 5.6 million square feet of office space are directly across the street, housing more than 50 major worldwide corporations, including: JP Morgan Chase HSBC Cigna Healthcare UBS Financial Services Citi Group Fidelity Investments ABN Amro Mellon Bank Charles Schwab U.S. Trust Royal Bank of Scotland In addition, Forbes Media leased 93,000 square feet in Newport Office Center III, just steps from the mall, that will add 350 jobs in the next 10 years.
DESTINATION SHOPPING The center is in close proximity to six area hotels. Many professionals who travel on business stay at those hotels during the week. Spouses and children will often stay at the hotel and shop at Newport Centre, sightsee in New York City (10-minute trip via PATH located across the street from the mall) or visit local attractions such as the Statue of Liberty, Liberty Science Center, or Ellis Island. Jersey is becoming an attractive alternative area for New York City visitors to stay as they are able to avoid paying premium NYC hotel rates while having convenient access to Manhattan. Jersey City has emerged as a destination of choice and is the fastest-growing metropolitan area in New Jersey.
WEALTHY SURROUNDINGS A thriving residential market surrounds Newport Centre in Hoboken. Just one stop north, the average household income tops $117,000. More than 51% of households earn more than $100,000, ranking Newport Centre third in the Simon portfolio for households with $100K+ within three miles. 19 apartment and three condominium towers provide high-rise luxury living with breathtaking views of New York City and are located within several blocks from the mall. 21 new residential buildings are being developed, including 9,000 units under construction and 37,000 more approved for future development.
EVOLVING OUR STYLE Newport Centre is in the middle of a significant, multistage repositioning within a strong and diverse market. A plan to increase the quality of retailers, increase market share, and grow value began in 2013 with the opening/remodel of 20 new retailers. A multimillion-dollar Dining Pavilion renovation followed in 2014 along with the addition of nine new retailers. A new grand entrance was created in late 2015 along with the opening of The Cheesecake Factory. The plan continued with the addition of a 25,000-square-foot Zara store in 2016. Sam Fox s Zinburger Wine & Burger Bar concept will open Summer 2017.
BY THE NUMBERS Anchored by Four Department Stores Macy s, JCPenney, Sears, Kohl s Square Footage Newport Centre spans 1,140,000 square feet. Three Levels Boasting more than 130 specialty stores. Restaurants and Entertainment Home to a recently renovated 11-screen AMC Theatre and a redesigned 1,000-seat Dining Pavilion with 20 eateries. Sit-down restaurant options include The Cheesecake Factory, Panera Bread, and Zinburger Wine & Burger Bar opening in 2017.
IN GOOD COMPANY Distinctive. Classic. Delicious. Many fine brands have chosen Newport Centre as their preferred location in the Jersey City market. A X Armani Exchange adidas Coach Express Forever 21 GODIVA LOFT Panera Bread Starbucks Swarovski Teavana Victoria s Secret Zinburger Wine & Burger Bar (Coming Soon)
POSITIONED TO SUCCEED Newport Centre is located in Jersey City, New Jersey, across the Hudson River from Manhattan. Its convenient location provides easy access to all forms of mass transportation Newport PATH Station (services Manhattan s Wall Street area and Penn Station), Hoboken train and ferry terminals, and the Hudson-Bergen Light Rail service. Additionally, it is located next to the Holland Tunnel, which connects Manhattan to Jersey City. 2016 2021 2016 2021 595,448 611,112 235,701 243,341 2016 $88,624 2021 $101,479 2016 214,314 2016 $381,274 Information as of 5/1/17. Source: SPG Research; trade area demographic information per STI: PopStats (2016).
Boonton Fairfield 16 Totowa Little Falls West Paterson 80 Elmwood Park Garfield Lodi Maywood 13 Teaneck Hackensack Bogota Englewood Englewood Cliffs 87 Pelham Manor Florham Park ison Chatham 8 Summit 7 Leonia Hasbrouck Heights North Caldwell Clifton Cedar Grove Wallington Ridgefield Park West Caldwell Fort Lee Little Ferry Caldwell Verona 11 Ridgefield Carlstadt Essex Fells Montclair Roseland 2 Nutley East Rutherford Cliffside Park 3 Bloomfield 280 West Orange Belleville Lyndhurst Guttenberg Livingston North Arlington West New York 95 Secaucus Orange East Orange Union City 4 East Newark Kearny South Orange Harrison Hoboken 495 Millburn Maplewood Newark Irvington 5 1 Jersey City 78 15 278 TRADE AREA BOUNDARY 12 w Providence Springfield Hillside New York Heights Mountainside Kenilworth Roselle Park Cranford Westfield Garwood Roselle Elizabeth 10 Bayonne Fanwood Linden 6 Rahway 278 Colonia Plainfield Iselin Avenel Carteret 14 N 0 5 Metuchen 9 Edison 17 Fords Woodbridge Sewaren Pth Ab TRADE AREA & COMPETITION Simon Centers Competition Port Reading 1 Newport Centre 2 American Dream Meadowlands (Future) 3 City Place at the Promenade 4 Harmon Cove 5 Hudson Mall 6 King's Plaza 7 Livingston Mall 8 The Mall at Short Hills 9 Menlo Park Mall 10 The Mills at Jersey Gardens 11 Promenade Shops at Clifton 12 Queen's Center MILES 13 The Shops at Riverside 14 Staten Island Mall 15 Westfield World Trade Center 16 Willowbrook 17 Woodbridge Center
NEW YORK CITY HOBOKEN HUDSON RIVER NEWPORT PLAZA NEWPORT CROSSING AMC LOEWS NEWPORT CENTRE 11 1-78 TO HOLLAND TUNNEL SEARS KOHL S MACY S THE CHEESECAKE FACTORY NEWPORT CENTRE JCPENNEY 6TH ST. LUIS MUNOZ - MARIN BLVD. N AERIAL OVERVIEW
NEWPORT PKWY. NEWPORT OFFICE CENTER V NORTH GARAGE NEWPORT OFFICE CENTER IV ZINBURGER WINE & BURGER BAR (COMING SOON) WASHINGTON BLVD. NEWPORT OFFICE TOWER PATH TRAIN THE LIGHT RAIL NEWPORT OFFICE CENTER III THE CHEESECAKE FACTORY SOUTH GARAGE THE WESTIN KEY DEPARTMENT STORES RESTAURANT RETAIL THEATER KOHL S MACY S 6TH ST. SEARS JCPENNEY HOLLAND TUNNEL ENTRANCE AMC LOEWS NEWPORT CENTRE 11 (LEVEL III) WEST GARAGE ABOVE N SITE PLAN SITE PLAN
UNIQUE OPPORTUNITY Newport Centre presents a unique opportunity for your brand. Please contact the following leasing professional for more information. Tom Hanchar (317) 263-7120 thanchar@simon.com
225 West Washington Street Indianapolis, IN 46204 (317) 636-1600 simon.com Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).