Property owner Chestnut Global Enterprises has placed the development site at 115 Chestnut Street, located on the corner of Hermon Street in Newark’s Ironbound district, on the market for $3.96 million, Jersey Digs reported. Plans for a five-story, 72-unit residential building, called Vesey Street Commons, are fully approved. The apartments would range from one- to two-bedrooms, if a new developer were to follow the latest permits. The 28,988-square-foot plot is currently vacant. Until roughly a decade ago, it was occupied by an industrial building utilized by the Wilson Imperial Company.
Construction is currently underway to redevelop the dilapidated four-story industrial property at 118-126 Green Street, on the corner of New Jersey Railroad Avenue in Newark’s Ironbound district, into a five-story structure with 64 residential units. The project, dubbed Textile Lofts, will also feature ground-floor commercial-retail space and a laundromat, Jersey Digs reported. The apartments will range from one- to two-bedrooms. Roseland, N.J.-based J&L Companies and an anonymous LLC are the developers. Bergen County, N.J.-based Inglese Architecture + Engineering is the architect. A construction timeline has not been revealed.
Newark, N.J.-based F.M. Renaissance is planning to redevelop the dilapidated, four-story former Murphy Varnish Works industrial complex at 127 Chestnut Street, located on the corner of McWhorter Street in Newark’s Ironbound district.
Construction is wrapping on the four-story, 60-unit residential project under development at 359 Halsey Street, located on the southern end of downtown Newark, N.J. The 63,030-square-foot building is dubbed The Residences at Symphony Hall and will contain a mix of one- and two-bedroom rental apartments, Jersey Digs reported. All of the apartments will be affordable, and 25 percent of them, or 15 units, will be designated to individuals with mental illness, homelessness or disability.
Newark-based New York Garden Associates is proposing a seven-story, 79-unit residential building at 18-26 New York Avenue, in Newark’s Ironbound district. The project would also include a parking garage on the ground floor, Jersey Digs reported. The developer is seeking multiple variances for the project, which must be approved by the city’s Zoning Board of Adjustment. The board heard the proposal earlier this month. The block-thru development site, which consists of seven lots, is vacant.