With the goal of reviving its blighted downtown, Newark, N.J., has launched a major development project known as Teachers Village.
The six-building complex, scheduled for completion in 2015, will include three new charter schools, some 215 middle-income apartments for teachers, and retail shops. It will take up most of a city block and is projected to cost $150 million.
Rents for the apartments are expected to range from $700 to $1,400 a month, according to The Star-Ledger. The apartments will be open to Newark’s regular public school and charter school teachers.
