New Jersey Transit Connectivity, Plus Looking at Newark & Jersey City Pre-Boom
Location, timing, and clear foresight are important in the world of real estate investing and development. In the early 1990s, if you stood on the waterfront in Jersey City — now often referred to as NYC’s “sixth borough” — you probably wouldn’t have imagined the “Wall Street West” skyline that exists today.
Instead, you would have seen abandoned rail yards and decaying warehouses. Most investors looked at the grit and saw a liability. But there were a few who had a vision. They looked at the PATH trains and the proximity to Manhattan and saw an inevitability — the “Jersey Boom”.
The same thing happened in Newark’s Ironbound district over the last decade. The common denominator in every great New Jersey urban “boom” isn’t just about real estate — it’s about infrastructure.
At Forte, our investment thesis for Paterson is built on this exact blueprint. We aren’t just developing a building; we’re investing in a neighborhood at a turning point, supported by the public infrastructure work already underway.
— Shauzab Ladha | Founder & CEO, Forte
Why We’re Watching Paterson Now.
Known as the “Silk City,” Paterson was once the undisputed center of the silk industry, producing nearly half of all manufactured silk made here in the United States. With its proximity to New York City, the 77-foot-high waterfall on the Passaic River, which provided immense hydropower, and its skilled workforce, at its peak in the 1800s, Paterson became a go-to destination for specialized workers.
We believe Paterson may be entering a new era. Here are the signals that inform our view.
Infrastructure Investments Create New Economic Opportunities
The value of real estate is, at its core, a function of accessibility. For years, Paterson was perceived as “further” from the economic engine of New York City and the opportunity the city provides, than its geography suggested. That perception is changing.
The recent completion of the first track of the Portal North Bridge Project in March 2026 is one of the most significant infrastructure upgrades the area has seen in years. By replacing a century-old swing bridge that frequently malfunctioned and bottlenecked the entire Northeast Corridor, NJ Transit hopes to make the commute more reliable as the project is completed. The full project is estimated to be completed in 2027.
For a Paterson resident, this means a reliable, sub-55-minute commute to New York Penn Station via Secaucus. As a result, we are seeing a new class of “transit-dependent by choice” renters — people who are seeking a less costly transit by avoiding the $14+ tolls of the Lincoln Tunnel and GWB, a more productive use of their time, and a more environmentally conscious commute.
The Next Era for Paterson, New Jersey
Private Sector Investment Opportunities in Paterson Today
The state of New Jersey and federal agencies have already poured the concrete — figuratively and literally. They have upgraded the Broadway Bus Terminal, one of the state’s busiest hubs, and funded the “Paterson One Square Mile” safety and beautification initiative.
But here’s the thing — the private sector has been slow to keep pace. Paterson has historically seen fewer than 250 new Certificates of Occupancy per year in the past five years. This is a massive lag between public infrastructure improvements, and new housing supply. This is where the opportunity lies for Forte.
Now, we invite you to join our community of Forte Investors to support the growth, housing and economic development of Paterson, New Jersey before its inevitable next chapter.
This article was produced with content support from Storyworthy Studios.
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