450 Broad Street

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

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.





626 First Avenue

Two-Towered, 800-Unit Residential Complex Tops Out At 626 First Avenue, Murray Hill

It was in December that YIMBY last brought you a construction update on the two-towered, 800-unit residential development under construction at 626 First Avenue, between East 35th and 36th streets in Murray Hill. The residential towers – now standing 41 and 48 stories – have since topped out, as seen in photos by Tectonic. The apartment units should average 906 square feet apiece and will be accompanied by 94,700 square feet of amenities, including a 38,000-square-foot public park. There will also be 4,100 square feet of ground-floor retail space. JDS Development Group is the developer of the 825,000-square-foot complex, and SHoP Architects is behind the design. Completion is expected in early 2017.