Newark

L+M Development Partners and Prudential Financial to Renovate Zion Towers, at 515 Elizabeth Avenue in Newark, New Jersey

7:00 am on July 1, 2019 By Sebastian Morris

L+M Development Partners and Prudential Financial have teamed up to complete a sweeping renovation of Zion Towers, an affordable housing block in Newark, New Jersey. In a recent announcement, the two firms also revealed a successfully brokered deal with the New Jersey Department of Community Affairs to extend the property’s Section 8 contract for an additional 11 years to facilitate necessary financing to begin capital improvements within.

Rendering of Walker House (CetraRuddy / Inglese Architecture & Engineering)

Landmarked Walker House Begins Leasing at 540 Broad Street in Newark, New Jersey

7:00 am on May 12, 2019 By Sebastian Morris

Leasing has launched for Walker House’s rental properties at 540 Broad Street in downtown Newark, New Jersey. Developed in collaboration by L+M Development Partners, Prudential Financial, and Goldman Sachs Urban Investment Group, the landmarked 1929 Art Deco building was renovated to create 211 apartments and a full suite of residential amenities. The 20-story structure’s conversion was overseen by Inglese Architecture & Engineering and CetraRuddy, and will include a fitness center and yoga studio, a library lounge, a private catering kitchen and dining room, a game room, storage areas, and a crowning rooftop terrace with outdoor cooking areas.

After A Decade of Failures, Newark’s New Construction Boom Finally Takes Off

8:00 am on August 17, 2018 By Jacob Felson

Until 2017, residential development in downtown Newark was largely a figment of developers’ imaginations. Over the decade prior, proposals were ambitious but financing was scarce. The one project that had gained financing, Eleven80, a rehabilitation-and-reuse of a long dormant former office building, had gone into foreclosure in 2009, reemerging several years later as a diamond in the rough, Downtown’s lone successful project. Meanwhile, supporting retail was extremely limited.

Ironside Newark, design by Perkins Eastman

New Renderings for 500,000 Square Foot Office Project “Ironside Newark”

7:30 am on March 15, 2018 By Andrew Nelson

The city of Newark is making slow but steady progress towards adding new urban infill, including large low-slung developments. One such example is 110 Edison Place, inside the city’s downtown area. Edison Properties purchased the building from North Caldwell-based Berkowitz Company for $7 million, allowing them to build nearly half a million square feet of new office space.

Plans Unveiled For New Newark Residential Tower Dubbed “Vibe”

7:00 am on February 16, 2018 By Jordan Beeche

New plans have been unveiled for a residential tower located at the intersection of Halsey and Williams Streets, in Newark, New Jersey. The project, dubbed “Vibe,” is being built by Strategic Development Partners, and is set to bring 256 new residential units to market.

Michael Green Architecture _ Lotus Equity Group 1

Renderings Revealed for Country’s Largest Timber Office Building in Newark, New Jersey

7:30 am on February 6, 2018 By Andrew Nelson

Renderings are out for an 11-story timber office building proposed for the Riverfront Square development in Newark, New Jersey. The site is located next to New Jersey Transit’s Broad Street station, which is less than a twenty-minute commute to Midtown Manhattan. The project is part of a larger 11.8-acre mixed-use development, as well as Riverfront Park, designed by James Corner Field Operations. Lotus Equity Group will be responsible for the development.

Residential Development Site at 115 Chestnut Street Placed on Market, Newark, N.J.

6:30 am on February 14, 2017 By Reid Wilson

Property owner Chestnut Global Enterprises has placed the development site at 115 Chestnut Street, located on the corner of Hermon Street in Newark’s Ironbound district, on the market for $3.96 million, Jersey Digs reported. Plans for a five-story, 72-unit residential building, called Vesey Street Commons, are fully approved. The apartments would range from one- to two-bedrooms, if a new developer were to follow the latest permits. The 28,988-square-foot plot is currently vacant. Until roughly a decade ago, it was occupied by an industrial building utilized by the Wilson Imperial Company.

Five-Story, 64-Unit Mixed-Use Redevelopment Underway at 118 Green Street, Newark, N.J.

2:00 pm on February 13, 2017 By Reid Wilson

Construction is currently underway to redevelop the dilapidated four-story industrial property at 118-126 Green Street, on the corner of New Jersey Railroad Avenue in Newark’s Ironbound district, into a five-story structure with 64 residential units. The project, dubbed Textile Lofts, will also feature ground-floor commercial-retail space and a laundromat, Jersey Digs reported. The apartments will range from one- to two-bedrooms. Roseland, N.J.-based J&L Companies and an anonymous LLC are the developers. Bergen County, N.J.-based Inglese Architecture + Engineering is the architect. A construction timeline has not been revealed.

Four-Story, 46-Unit Mixed-Use Redevelopment Approved at 127 Chestnut Street, Newark

6:30 am on February 3, 2017 By Reid Wilson

Newark, N.J.-based F.M. Renaissance is planning to redevelop the dilapidated, four-story former Murphy Varnish Works industrial complex at 127 Chestnut Street, located on the corner of McWhorter Street in Newark’s Ironbound district.

Four-Story, 60-Unit Affordable Residential Project Nears Completion at 359 Halsey Street, Newark

6:30 am on January 26, 2017 By Reid Wilson

Construction is wrapping on the four-story, 60-unit residential project under development at 359 Halsey Street, located on the southern end of downtown Newark, N.J. The 63,030-square-foot building is dubbed The Residences at Symphony Hall and will contain a mix of one- and two-bedroom rental apartments, Jersey Digs reported. All of the apartments will be affordable, and 25 percent of them, or 15 units, will be designated to individuals with mental illness, homelessness or disability.

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