Urby’s next residential community will soon debut at 155 Washington Street in Newark, New Jersey. Known simply as Newark Urby, the property will comprise 250 rental apartments ranging from studios up to three-bedroom floor plans.
To complete the project, URBY teamed up with LMXD, a newly formed affiliate of L+M Development Partners. Rather than demolish the existing 18-story property at 155 Washington Street, the development team opted to repurpose the structure, formerly owned and operated by Rutgers University. The project scope included renovation of podium levels to support retail use and a new lobby, conversion of the tower volume for residential use, and replacement of the existing façade with gray cladding, large windows, and decorative uplights.
In 2019, total development costs for Newark Urby were estimated at $91.5 million.
“We’re excited to bring Urby to the vibrant, convenient, and cultural hub of Newark,” said founder and CEO of Urby David Barry. “The development reflects the brand’s commitment to thoughtful design, engaging programming, and community connection that creates unique experiences for residents.”
Rendering of the Newark Urby rooftop terrace – Illustration by Tangram 3DS
When complete, outdoor amenity spaces will include a lush rooftop terrace, a dog run, and a ground-floor courtyard with barbecue grills and ample seating. Inside the property, Newark Urby offers a state-of-the-art gym, multiple lounge areas, and co-working space.
The ground floor of the building will also contain 4,000 square feet of retail, a 4,000-square-foot Rutgers-Newark welcome center, and a public café, a signature component of Urby communities throughout the development portfolio.
“Newark Urby represents our ongoing commitment to supporting the overall growth and success of Downtown Newark and we are proud to see our collective vision for this underutilized site come to fruition,” said managing director at LMXD Sam Chapin. “With modern residences, state-of-the-art amenities, and retail and public space, Newark Urby successfully combines high quality living with a community-focused approach.”
Leasing for the property will launch later this summer.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Be the first to comment on "Construction Nears Completion at Newark Urby, 155 Washington Street, in Newark, New Jersey"