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Photograph of Newark Museum of Art, via newarkmuseumart.org

Museum Parc Mixed-Use Development Breaks Ground In Newark, New Jersey

Newark officials and cultural leaders recently celebrated the groundbreaking for Museum Parc, a $94 million mixed-use development located on Central Avenue between Washington Street and University Avenue in Newark, New Jersey. Developed in partnership with LMXD, MCI Collective, and MSquared, with support from the City of Newark and the New Jersey Housing and Mortgage Finance Agency, the project is being built as an extension of the Newark Museum of Art’s existing campus. The development will introduce 250 mixed-income apartments across two buildings, 2,300 square feet of retail space, and new indoor and outdoor museum areas. Construction is expected to complete by 2027.

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Conceptual rendering of 1470 Amsterdam Avenue, via nyc.gov

Financing Secured For $445 Million Manhattanville Renovation In Harlem, Manhattan

The New York City Housing Authority (NYCHA) has secured $445 million in financing to overhaul Manhattanville Houses, a public housing development in Harlem, Manhattan. The project, which is part of NYCHA’s Permanent Affordability Commitment Together (PACT) initiative, will renovate 1,272 apartments across six residential buildings, improving living conditions for more than 2,600 residents. The conversion of these units to Project-Based Section 8 housing under the federal Rental Assistance Demonstration (RAD) program ensures continued affordability while allowing private partners to fund critical repairs. Construction is already underway and is led by Gilbane Development Company, Apex Building Group, and West Harlem Group Assistance, with ELH Mgmt LLC overseeing property management and Goddard Riverside providing on-site social services.

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