Four New Towers Will Rise at Newport

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JERSEY CITY-It already contains more than 16 million sf of mixed-use space on several hundred acres along this city’s waterfront, but Newport, as the planned community is called, is about to get a bigger. Plans have been unveiled for four new high-rise towers that will add more than 900 residences and a 429-key hotel to the mix.

“Two decades ago we stood on this site and promised to transform abandoned rail yards, terminals and river piers into a showcase of retail, residential, office and leisure facilities,” said Richard LeFrak, chairman and president of the Lefrak Organization, yesterday at the groundbreaking for two of the four new towers. LeFrak’s late father Sam and partners Melvin and Herbert Simon of Melvin Simon & Associates initiated the Newport project in June 1986.