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.
The Chetrit Group is now the owner of 260 South Street, a forthcoming high-rise complex on the Lower East Side of Manhattan, following a $70 million acquisition loan from Madison Realty Capital. The waterfront development will eventually include 64-story and 74-story towers in the Two Bridges section of the neighborhood.
Joe Coffee is the newest addition to the Stella, a 28-story residential tower at 10 Lecount Place in downtown New Rochelle. The retail store is the brand’s premiere location in Westchester and represents a strong period of growth and expansion for Joe Coffee, which currently operates 24 brick-and-mortar stores in Manhattan, Brooklyn, and Queens.
Newark’s historic Walker House at 540 Broad Street is now home to a local brewery and a 22,000-square-foot indoor rock-climbing gym, the latest phase of a multimillion-dollar redevelopment plan led by LMXD, Prudential Financial Inc., and Goldman Sachs Urban Investment Group. Located in the heart of downtown, Newark Local Beer and Method Climbing + Fitness sit below 20 stories of rentals that debuted in 2020.
L+M Development Partners, Type A Projects, and MSquared recently closed on $42 million in construction financing to complete a 78-unit affordable housing project in Newark, New Jersey. The property will occupy a portion of an existing residential complex at 250 Georgia King Village in the city’s Fairmount neighborhood.
