New Orleans-based Redmellon Restoration and Development is planning to convert the five-story office building at 579 Broad Street, located on the corner of Central Avenue in downtown Newark, into a mixed-use building with 48 residential units. The ground floor will contain 5,591 square feet of retail space on the ground floor. The residential units throughout the rest of the building will be rental apartments, Jersey Digs reported. Eminent Investment Group is the current property owner, as Redmellon has not closed on the sale of the property at this time. A construction timeline has not been disclosed.
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