s ▁aud ien ces ▁and ▁day time ▁commercial ▁demand . ▁The ▁estimated ▁$ 1 1 6 ▁million ▁cost ▁was ▁offset ▁by ▁$ 3 8 ▁million ▁New ▁Jersey ▁Econom ic ▁Development ▁Author ity ▁Urban ▁Trans it ▁tax ▁cred its ▁and ▁federal ▁tax ▁cred its ▁for ▁inclusion ▁of ▁afford able ▁housing ▁for ▁artists . ▁▁ ▁The ▁project ▁had ▁been ▁long ▁delayed ▁and ▁stood ▁to ▁lose ▁tax ▁cred its ▁by ▁ 2 0 1 7 ▁if ▁invest ment ▁in ▁construction ▁was ▁not ▁started . ▁Const ruction ▁broke ▁ground ▁in ▁November ▁ 2 0 1 6 . ▁and ▁the ▁project ▁was ▁completed ▁in ▁late ▁ 2 0 1 8 . ▁ ▁Living ▁Dow nt own ▁The ▁project ▁was ▁conce ived ▁as ▁part ▁of ▁a ▁continued ▁effort ▁to ▁increase ▁the ▁resident ▁population ▁in ▁the ▁heart ▁of ▁Dow nt own ▁New ark . ▁It ▁is ▁near ▁the ▁restored ▁Ele ven ▁ 8 0 ▁at ▁Raymond ▁Bou lev ard , ▁the ▁Union ▁Building , ▁the ▁▁ ▁former ▁H ah ne ▁and ▁Company ▁flags hip ▁store , ▁the ▁New ▁Jersey ▁Bell ▁Head quarters ▁Building , ▁and ▁the ▁American ▁In sur ance ▁Company ▁Building ▁as ▁well ▁as ▁the ▁newly ▁constructed ▁ 5 0 ▁R ector ▁Park . ▁As ▁of ▁ 2 0 1 9 , ▁the ▁Griff ith ▁Building , ▁long ▁proposed ▁for ▁re development , ▁remains ▁vac ant . ▁ ▁New ark ▁Light ▁Rail ▁service ▁opened ▁as ▁July ▁ 1 7 , ▁ 2 0 0 6 , ▁at ▁the ▁N J P AC / Center ▁Street ▁station , ▁connecting ▁the