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.
The Newark Planning Board has approved an 11-building mixed-use complex located on the former Newark Bears & Eagles Riverfront Stadium campus. The 10.5-acre development site hugs the shore of the Passaic Riverfront and will be completed in nine distinct phases as CitiSquare Newark.
Fairstead and LIHC are working in partnership to complete major upgrades and facility improvements across 13 affordable housing buildings in Newark, New Jersey. Referred to as the Essex Plaza portfolio, the collection of buildings comprises 691 affordable apartments, many of which are reserved for senior households.
The New Jersey Performing Arts Center (NJPAC) in Newark has big plans to diversify its campus with residential developments and a dining venue, as well as the construction of an arts and education center. The proposed buildings are part of the performing center’s goal to become a city lifestyle destination and further the cultural hub’s impact on the downtown neighborhood. L + M Development Partners has teamed up with NJPAC and Larchmont for the 7.3-acre campus expansion. Skidmore, Owings & Merrill is responsible for the design of the buildings and streetscapes. NJPAC purchased the property from the state of New Jersey in December 2018.
