effort268 OP t1_ivtxfl6 wrote on November 10, 2022 at 4:13 PM

NJPAC towers breaking ground next Fall.

The next phase of NJPAC’s development of its downtown campus includes a mixed-used complex with a 24-story, 350-unit apartment tower and commercial space at its base. The $180 million project, 20% of which will be reserved for people with low and moderate incomes, is scheduled to break ground in Fall 2023 and be completed 30 months later.

felsonj t1_ivub3zc wrote on November 10, 2022 at 5:42 PM

This is very much a believe-it-when-I-see-it sort of thing.

effort268 OP t1_ivuuybs wrote on November 10, 2022 at 7:51 PM

I think it's going to happen. All new apartments in Newark are being fully leased very quickly. The demand is here and the land is relatively cheap considering NJPac owns the land.

Kalebxtentacion t1_ivv0v9t wrote on November 10, 2022 at 8:30 PM

Facts, I work at the restaurant at one theater square, sometimes I do parking for the restaurant inside the garage and the amount of black people that live in this building is crazy, so I really don’t wanna hear anything about gentrification or people getting kicked out, not every white person can afford a place like this and not every black person can afford a place like this. I think future generations of people of color will be able to live in these new developments.

ScrollHectic t1_ivvwj80 wrote on November 11, 2022 at 12:14 AM

The Fireman's Insurance Building next to NJPAC is also being renovated by Berger Organization. I spoke with someone coming out of there the other day (security maybe?, no uniform but familiar with the bldg) and he said the work has started. I heard talk a while back during an investor tour with NJPAC that it was going to be converted to residential but I don't know if those are the current plans. Berger I think only does office and hotels... and is painstakingly slow about renovating. Admittedly, they did a good job with Tryp hotel and the Robert Treat is holding up well. I wish they would relight the Military Park Bldg. It was, IMO, the prettiest bldg at night when illuminated.

effort268 OP t1_ivwluls wrote on November 11, 2022 at 3:34 AM

K rather have residential than offices so this is would be amazing