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Article: Jersey's new retail corridor chiseled out of Gold Coast.(Retail Markets)
- Article from:
- Real Estate Weekly
- Article date:
- May 9, 2007
- Author:
CopyrightCOPYRIGHT 2007 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A rash of retailers has carved a whole new corridor along the foot of Jersey's Palisades Cliffs in a phenomena driven by a housing boom that continues unabated along the Garden State's aptly named Gold Coast.
"In New Jersey, retail corridors are highway driven. Apart from Newport, all the malls are along Routes 4 and 17. But because of the high concentration of residences, the Gold Coast is becoming more and more of a retail corridor in its own right, even though it's not along a highway," said Chuck Lanyard, principal and director of brokerage services at the Goldstein Group, one of the leading retail firms in the state.
"It's just far enough away from ...