Under the city's transformation plan, 504 families citywide chose vouchers in 2001, and an estimated 991 families will be relocated
with vouchers in 2002.
SRA Realty, a long-time building tenant, expanded and relocated
on the 11th floor, leasing 4,350 square feet.
Other corporations which have relocated
from New York to Newport Tower within the past year include First Chicago Trust Company, whose 1100-plus employees moved to Newport in August; cable television giant USA Networks; the Federal Deposit Insurance Corporation; international computer software and services company LEGENT (sic) Corporation; international cargo carrier Solar International Shipping Agency; and Bristar Commodities, Inc.
In particular, Dean Witter signed for 162,000 square feet at Jersey City's Harborside Financial Center, relocating employees from elsewhere in Jersey City and from Manhattan while PR Newswire Associates also relocated
from Manhattan leasing 23,086 square feet.