Site excavation and foundation work is now underway for Halo, a three-tower high-rise development that will eventually be one of the tallest buildings in Newark, New Jersey. Located at 289-301 Washington Street, the 38-, 42-, and 46-story towers will comprise a mix of rental apartments, residential amenities, and a multi-level parking garage. The tallest tower will top out at 573 feet.
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.
New renderings from Great Point Studios, a film and television studio investment company, are the first to reveal a new production studio in Newark, New Jersey. The production studio will replace Seth Boyden Terrace, a partially abandoned 12-building housing complex formerly operated by the New Jersey Housing Authority located between Weequahic Park and Newark Airport.
Fairstead and LIHC Investment Group have announced plans for a six-story mixed-use development at 127 Orchard Street in Newark, New Jersey. Part of Essex Plaza, a 13-building residential complex, the new structure will replace a surface-level parking lot and yield 365,000 square feet with 241 units. Forty percent of these will be set aside as affordable units for households and individuals at 60 percent area median income (AMI). In practice, that equates an annual income of $64,400 for a four-person household.
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.