Jersey City real estate icon announces he’s taking step back from billion-dollar business

  • 📰 njdotcom
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

'That place which didn’t exist is going to be there in 20 years, 50 years, and 100 years, it is still going to be there.'

When Richard LeFrak and his father, Samuel, surveyed Jersey City, they thought the desolate train yards near the Holland Tunnel might be a good spot for a Kmart.

More than 40 years ago neither even dared to imagine that his company’s development of 600 acres of what is now Newport would help transform the city into “sixth borough of New York City” status and trigger the city’s economic revival. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 282. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines