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  1. Replies
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    Shaq tower coming along: ...

    Shaq tower coming along:

    https://i.imgur.com/VdKrVai.jpg?1


    Progress on former Verizon building residential conversion (they are completely replacing the windows):
    ...
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    1. Yes, topped out and cladding starting to be...

    1. Yes, topped out and cladding starting to be installed.
    2. Looks like foundation and lower level steel is already in.
    3. Not sure, no news I've seen lately. Pretty sure that's an RBH property and...
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    I understand the earlier projects (NJPAC and...

    I understand the earlier projects (NJPAC and Hahnes) were the beneficiaries of many credits and subsidies. However, the Verizon renovation and the huge stadium redevelopment project appear to be...
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    Thanks nexus, I'll try to get more this fall once...

    Thanks nexus, I'll try to get more this fall once the Devils season gets going. There are some other infill projects scattered throughout downtown, including a couple on Market Street moving east...
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    Photo update from Friday, 9/1/17

    This was also posted on a Devils forum - guessing many of the posters here already know some of the details posted below.

    Ironside Newark, Mulberry Commons and 2 new Edison parking lots
    ...
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    I agree there isn't much displacement in Newark...

    I agree there isn't much displacement in Newark like there was in Brooklyn and Hoboken. Also understand it can be argued it's unfair that one unit is paying less than its neighbor. But I'm not really...
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    What makes you think even much improved downtown...

    What makes you think even much improved downtown Newark is in any position to support million dollar condos just yet? If we're comparing to JC, the downtown there is awash in high end rentals....
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    Edison Properties broke ground on the warehouse...

    Edison Properties broke ground on the warehouse conversion, now called Ironside Newark, by Mulberry Commons and the arena:

    [COLOR=#333333][FONT=Arial]
    ...
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    http://nypost.com/2017/03/02/is-newark-the-new-bro...

    http://nypost.com/2017/03/02/is-newark-the-new-brooklyn/

    Pretty good synopsis of downtown developments from the Post. According to the article, the Verizon building residential conversion (265...
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    Not sure which building used to be McCrorys off...

    Not sure which building used to be McCrorys off the top of my head. Kresges is an office building and to my knowledge had been occupied as that for years now, certainly well before the recent...
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    The plans I've seen (pretty detailed with...

    The plans I've seen (pretty detailed with interior layout) show gut and reno, no additional floors. Keep in mind the building is around 20 floors as is so not far off from the new towers. I did not...
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    Yes, Shaq tower is the same as One Riverview...

    Yes, Shaq tower is the same as One Riverview located at 36 Rector Street. I drove through Newark today and can happily report that there is meaningful progress finally occurring at the site. A...
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    The NJPAC tower, last I checked, is an active...

    The NJPAC tower, last I checked, is an active construction site. Regardless, it's fully funded and definitely going forward. I asked a planning official about Boraie/Shaq tower yesterday and he said...
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    Mulberry Commons (formerly Triangle Park) update

    I went to an event hosted by the Devils last night at the Rock which was a presentation and public comment session regarding the park that will replace the parking lots in front of the arena. The...
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    The arena has had the same affect on its...

    The arena has had the same affect on its district. Although it's often the case that arenas are not worth the investment, I think in Newark it was desperately needed to kickstart development, draw...
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    There would have to be a dramatic shift in public...

    There would have to be a dramatic shift in public opinion, or very inaccurate polling, for the north Jersey casinos to go through at this point.
    ...
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    I'm as big a Newark booster as you'll find, but...

    I'm as big a Newark booster as you'll find, but still think a casino is Newark will be a disaster. It is likely an academic point as it seems the public is poised to soundly reject the proposal to...
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    NJBiz editorial lauding the NJPAC project (they...

    NJBiz editorial lauding the NJPAC project (they at least seem to think it is imminent) and calling for more residential development:
    ...
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    It looks like 2 Theater Square has raised the...

    It looks like 2 Theater Square has raised the majority of its financing. On July 7th, the City Council passed a resolution authorizing a loan not to exdeed $11.83m to the redeveloper. The resolution...
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    The project to convert the former Verizon...

    The project to convert the former Verizon building into market rate residential (with 20% affordable units) is moving forward. It received approval from the planning board in June and the City...
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    The parking garage behind City Hall will...

    The parking garage behind City Hall will definitely be used by the Devils - in fact, it was part of the deal made between the team and the city resolving their past issues. I believe the team will...
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    I did a brief driving/walking tour around...

    I did a brief driving/walking tour around downtown Newark yesterday; took some pictures which I will try to get uploaded later. For now, a narrative summary:



    Not sure if previously posted...
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    Some new development and renovations are planned...

    Some new development and renovations are planned for the apartment towers across from City Hall on Broad Street:

    http://www.placenj.com/2016/07/new-development-planned-for-newarks.html
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    Your suspicions are justified, but I am a bit...

    Your suspicions are justified, but I am a bit more optimistic given that the buyer paid $23.5m for it. Doubt they are putting that kind of money up to let it sit fallow for awhile.

    The buyer,...
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    I am hoping these large scale commercial projects...

    I am hoping these large scale commercial projects will result in both jobs for Newark residents and solid ratables for the city.
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