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"New Urbanism" Bringing Balanced Development to Downtowns

BLOOMFIELD, NJ—The "new urbanism," with rising demand from millennials and empty nest Baby Boomers for urban "live-work-play" settings, is critical to successful development in the long term, according to Eugene Diaz, principal partner of Prism Capital Partners.

By Steve Lubetkin | Updated on December 14, 2015

BLOOMFIELD, NJ—The “new urbanism,” with rising demand from millennials and empty nest Baby Boomers for urban “live-work-play” settings, is critical to successful development in the long term, according to Eugene Diaz, principal partner of Prism Capital Partners.

“For the past several decades, regional municipalities have approached office, retail and multifamily development as distinct silos that should not be mixed together,” Diaz tells GlobeSt.com exclusively. “They are now re-thinking that strategy – and with good reason.”

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