Triangle Park

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

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.

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53 West 53rd Street

82-Story, 139-Unit Residential Supertall Rising At 53 West 53rd Street, Midtown

It was in September of 2015 that YIMBY last brought you a construction update on the 82-story, 139-unit supertall residential tower underway at 53 West 53rd Street, in Midtown. At the time, foundation work was well underway at the site, and now the structure is up two stories above street level, as seen in photos by Tectonic (h/t Curbed). The luxury tower, dubbed 53W53, is being designed by Ateliers Jean Nouvel. Thierry Despont is designing the interiors of the residential units. The apartments will come in one- to six-bedroom configurations, and the largest listing is currently a seven-bedroom penthouse. Amenities include a pool, a library, a wine vault, a fitness center, and a lounge. The Museum of Modern Art (MoMA) will also be located on the bottom floors of the building. Hines and Pontiac Land Group are the developers, and completion is expected in 2017.

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