Redevelopment Zoning Benefits

• Increased Residential Density Allowances
• Transit-Oriented Development Support
• Mixed-Use Multifamily Opportunities
• Potential Parking Reductions
• Adaptive Reuse Flexibility
• Long-Term Municipal Redevelopment Initiatives

Key Development Drivers

• Higher Density Potential: Redevelopment zoning allows for increased density and height, maximizing the number of residential units and enhancing overall project feasibility.
• Flexible Mixed-Use Opportunities: Encourages the integration of residential with retail, office, and community uses to create vibrant, walkable, and sustainable neighborhoods.
• Potential Financial Incentives: Access to PILOT programs, tax abatements, and other municipal incentives that can significantly improve project economics.
• Streamlined Redevelopment Process: Designated redevelopment areas provide a more predictable entitlement process and greater collaboration with the City of Newark.