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Published on Feb 10, 2012
Mayor Cory Booker joins Governor Chris Christie, CEO of Goldman Sachs Group, Inc., Lloyd Blankfein, RBH Group Managing Member Ron Beit, Chairman and, Berggruen Holdings President Nicolas Berggruen; CEO of BCDC Lyneir Richardson, Deputy Mayor for Economic Development Adam Zipkin; Sr. Vice President of Prudential Sharon Taylor; and Newark-born and nationally renowned architect Richard Meier at a groundbreaking for Teachers Village, a mixed-use development in downtown Newark that will create three new schools, a daycare center, more than 200 moderately-priced rental apartments for Newark teachers, and more than 20 on-street retail establishments which will include restaurants, medical offices and local and national stores. Other attending guests included former Governor James Florio, Essex County Executive Joseph N. DiVincenzo, Assemblyman Albert Coutinho and Assemblywoman L. Grace Spencer.
Retail tenants will be able to begin building out their spaces by the end of this year and open for business in the summer of 2013, and the first residents will be able to occupy apartments in the fall of 2013. The residential units cover about 200,000 square feet, and the units are being pre-marketed to Newark-based teachers.