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Gold Coast Makes A Comeback

Updated: Apr 22, 2023

Ferries came back -- from points in Jersey City, Hoboken, and Weehawken -- crossing to lower Manhattans financial district, and to midtown. Riding the waves was far more enjoyable than sitting in Holland or Lincoln Tunnel traffic.

New commercial communities began to form. The most notable were in downtown Jersey City, where in the 1980s two significant projects arose -- the Lefrak Organizations Newport Mall, the tallest building in New Jersey --the 42-story art deco 101 Hudson first occupied in 1992 by Merrill Lynch -- and Harborside Financial Center. Around the same time, a bit farther north in Weehawken, Lincoln Harbor, another commercial venture was born.

Things quieted in the early 1990s after the initial building boom. Then, as the economy grew stronger again through the 1990s, and Wall Street got busier. New businesses were created out of cyberspace on the now familiar World Wide Web and New Jerseys Hudson County shore was rediscovered.

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