Similar to the development of Queens and Brooklyn, Jersey City gained traction in the ’80s when artists moved into the area for cheaper rent. Today, the coast is dominated by high-rise rental and condo towers, such as Crystal Point, which passed the 98 percent sales mark in March, according to The Marketing Directors. And, not unlike the east coast development of Long Island City, several large-scale communities, including Liberty Harbor and Newport, mark the waterfront in Jersey City.
These communities, which mostly attract renters, are hoping that their luring amenities and spacious units will keep residents happy and that the convenience of the PATH train — 50 cents cheaper than the subway, with a stop right inside the Newport community — will bring more of their friends from Manhattan.
“Eighty-five percent of Newport residents work in Manhattan, many in the financial services field with offices downtown,”
Article source: http://www.metro.us/newyork/life/article/1141246--neighborhood-profile-jersey-city
