Newark

48-Unit Residential And Retail Conversion Planned At Five-Story Office Building, 579 Broad Street, Newark

6:00 am on November 9, 2016 By Reid Wilson

New Orleans-based Redmellon Restoration and Development is planning to convert the five-story office building at 579 Broad Street, located on the corner of Central Avenue in downtown Newark, into a mixed-use building with 48 residential units. The ground floor will contain 5,591 square feet of retail space on the ground floor. The residential units throughout the rest of the building will be rental apartments, Jersey Digs reported. Eminent Investment Group is the current property owner, as Redmellon has not closed on the sale of the property at this time. A construction timeline has not been disclosed.

Seven-Story, 90-Unit Residential Building Proposed At 161 Bellair Place, Newark

1:00 pm on November 4, 2016 By Reid Wilson

New Jersey-based developer Rose Agency has proposed building a seven-story, 90-unit residential building at 161 Bellair Place, on the corner of Montclair Avenue in Newark’s Forest Hill section, a neighborhood located in the city’s North Ward. The project would include a parking garage on the first two floors, Jersey Digs reported. The property is currently occupied by a single-story storage facility and a commercial building. The Branch Brook Park station on the Newark Light Rail is three blocks away. The Newark Zoning Board of Adjustment, which must approve to the project for it to move forward, will be presented plans on November 10.

216-Unit Redevelopment Proposed For Abandoned 25-Story Building At 440 Elizabeth Avenue, Newark

11:00 am on October 21, 2016 By Reid Wilson

The Ishay Group is proposing to redevelop the long-vacant, 25-story, 246,600-square-foot Carmel Towers building at 440 Elizabeth Avenue, also known as 203-221 Meeker Avenue, in Newark’s South Ward. The dilapidated tower would contain 216 residential units ranging from one- to three-bedrooms, Jersey Digs reported. Amenities would include a lounge, entertainment room, pool, fitness center, roof deck, and community garden. Mancini Duffy Architecture is behind the renovation’s design. The project must first be approved by the Newark Central Planning Board, which is scheduled to hold a meeting on October 24.

Reveal For Two-Story, 24-Unit Supportive Housing Project At 93-101 14th Avenue, Newark

7:00 am on October 5, 2016 By Reid Wilson

A rendering has been revealed of the New Community Corporation’s planned two-story, 24-unit supportive housing project at 93-101 14th Avenue, located in Newark’s Central Ward. All of the project’s apartments will be studios housing homeless individuals suffering from mental illness, Jersey Digs reported. The building, called A Better Life, is receiving financing from various local, state and federal agencies and organizations. Jersey City-based LWDMR Architects is behind the architecture. A groundbreaking ceremony was recently held at the site, which has long been vacant, and completion is expected next year.

Reveal for Five-Story, 84-Unit Mixed-Use Building Planned at 73 Clay Street, Newark

1:00 pm on September 2, 2016 By Reid Wilson

A rendering has been revealed of the five-story, 84-unit mixed-use building planned at 73-87 Clay Street, located on the corner of Spring Street in the Lower Broadway section of Newark, New Jersey. Dubbed Spring Street Commons, it will host 7,500 square feet of commercial-retail space on the ground floor, in addition to a 21-car parking garage, Jersey Digs reported. It’s not known if the apartments will be condominiums or rentals, but the latter is more likely. The site is currently occupied by two low-rise industrial properties, both of which must first be demolished. Newark-based Paris Real Estate Inc. is the developer. The project was approved by the city’s Central Planning Board back in June of 2015.

Nine-Story Building Constructed as Part of 160-Unit Mixed-Use Redevelopment, 609 Broad Street, Newark

6:00 am on July 26, 2016 By Reid Wilson

L+M Development Partners’s mixed-use conversion of the four-story, 400,000-square-foot Hahne & Co. building, located at 609 Broad Street, at the corner of New Street in downtown Newark, is in the final stages of construction. Photos of the construction progress can be seen in a Jersey Digs report. Construction appears to have wrapped on the outside of the existing four-story structure, which will contain a mix of residential, retail, office, and community space. A new nine-story building — located at the corner of Halsey and New streets — is currently receiving its façade. The new construction component will feature ground floor retail space and residential units above. Between the two building, there will be 75,000 square feet of retail space, 160 apartments (40 percent of which will be set aside as affordable housing), and 100,000 square feet of community and community use space (50,000 square feet of which will be institutional and dedicated to Rutgers University). Whole Foods Market is expected to open their new 30,000-square-foot store in the building in 2017, which is when the rest of the project should be complete.

246-Unit Residential Conversion Planned at 20-Story Office Tower, 540 Broad Street, Newark

11:00 am on May 9, 2016 By Reid Wilson

New York-based L&M Development has acquired the 20-story, 436,000-square-foot New Jersey Bell Headquarters Building, an office building located at 540 Broad Street in downtown Newark, for $16.51 million. The developer plans to convert the building into 246 residential units, according to NJ Advance Media. The basement will be fit with a fitness center, a bowling alley, and storage space. The rest of the building will become apartments, except for the fourth floor, which will remain an operational Verizon switch station. Connecticut-based Amara Associates is designing the project. The building is listed on the U.S. National Register of Historic Places.

Developer Plans 1,000-Unit-Plus Mixed-Use Project At 450 Broad Street, Newark

10:00 am on March 28, 2016 By Reid Wilson

New York-based Lotus Equity Group has acquired the Bears and Eagles Riverfront Stadium at 450 Broad Street, in Downtown Newark, for $23.5 million, NJ Advance Media reports. The 6,014-seat stadium (and presumably the four-story parking garage to the south), located two blocks from the New Jersey Transit’s Newark Broad Street station, is expected to be demolished to make way for a mixed-use tower. The development could accommodate between 1,000 and 1,500 residential units and will contain commercial spaces. The commercial uses haven’t been finalized yet, but plans include a possible hotel and retail space. A construction timeline has not been disclosed. The baseball stadium was construction only 17 years ago.

Deal Reached For Triangle Park Multi-Building Mixed-Use Development, Newark

11:00 am on March 22, 2016 By Reid Wilson

Early last year, the Newark City Council approved plans to build a 2.5-acre park in the city’s downtown. It would connect Prudential Center to the Ironbound’s Peter Francisco Park by bridging over Newark Penn Station, but it would also serve as the centerpiece of a multi-building mixed-use development of the surrounding vacant blocks. Last week, the city of Newark struck a deal with Edison Properties and J&L Parking Corporation to development the buildings, Newark Patch reports. Details on the new buildings are sparse, but there will be a significant number of residential units, retail space, and possible office space. Construction is expected to commence later this year and completion is tentatively set for July of 2018. The Newark Community Economic Development Corporation will head the construction of the park, being designed by MKW + Associates.

26-Story, 169-Unit Mixed-Use Project At 40 Rector Street Lands Financing, Newark

12:30 pm on August 20, 2015 By Reid Wilson

Following the approval of a 30-year tax abatement and a false ground-breaking in 2013, Boraie Development is now expecting to begin construction on a 26-story, 169-market-rate-unit mixed-use building at 40 Rector Street, in downtown Newark, a few blocks north of Penn Station. The existing six-story building will expand, and 8,500 square feet of retail will be located in the base. According to NJ Advance Media, Goldman Sachs is financing the majority of the project, dubbed One Riverview, and permits are currently be acquired to begin construction.

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