Numerous demographic and economic factors are combining to make redevelopment the new normal. Millennials are seeking live/work/play environments and are postponing the purchase of homes and sometimes even cars. The “drive til you qualify” strategy of homeownership — trading a long commute for a big new house in a far-flung, car-dependent exurb — has fallen victim to the Great Recession. What do these trends mean for New Jersey’s suburbs? And what even counts as a “suburb” anyway? Panelists will discuss these trends and their likely implications for New Jersey communities.
Track Sponsor: New Jersey Economic Development Authority
Panel sponsor: Edison Properties
Session Category : Planning & Design