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Thread: Newark Development

  1. #9226
    Forum Veteran Newarkguy's Avatar
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    Quote Originally Posted by towerpower123 View Post
    All of the following are from my blog,
    http://urbanismvsmodernism.blogspot....l?view=sidebar

    NJIT Integrated Sciences




    NJIT Events Center and new power poles









    NJIT Parking Deck













    NJIT Central King Building







    Rutgers Life Sciences II





    Hahne's Building and extension























    Military Park Carousel (in front of BURG)



    40 Rector Street/ aka Shaq Tower
    Interior demolition is progressing slowly but surely.



    1 Center Street/NJPAC Tower site
    No groundbreaking yet...



    Rockplaza Lofts


    The building with the Moneygram advertisement will be gut-renovated to apartments and retail.


    Four Corners by RBH Paramount Theater site
    This is the site of the rumored Frank Gehry designed hotel. The long lasting retail in the theater front is no longer in business likely in preparation for the project.

    RBH Group's Teacher's Village









    127 Halsey Street

    Rendering of 127 Halsey Street from Loopnet
    http://www.loopnet.com/Property-Reco...102/Idn8KRv5g/

    While looking through RBH's site for hints of future projects, I found something really interesting.
    The image above shows the more likely scenario than the image at the bottom. The difference is one block, and both are looking north on Halsey Street. It is the only way to see the IDT building in the distance (currently occupied by Audible.com) and the red building, which is the Newark Public Schools office, formerly a huge department store. Both images show the exact same building with Esprit as a retail tenant. The closest ones are in Manhattan and in suburban malls. Not even Jersey City has been able to draw that designer label in. However, it would not be the first time RBH has exaggerated the tenants in renderings.

    The difference between the two renderings is the placement of the building. The lower one suggests the building is on Market Street, replacing the building with Pretty Girl and GAP Outlet as retailers. Those are large 6 story buildings which I highly doubt RBH would demolish them unless absolutely necessary. Wider buildings tend to be easier to reuse than narrower ones. The upper rendering suggests that the building is a block further, on Halsey Street between Branford Place and Market Street. That site is occupied by a series of two story buildings containing Dr. Jays facing Market Street and a suit shop and hat shop facing Halsey Street. The taller mass of the building replaces at least part of a building on Branford Place that has the Rent-A-Center, although it is further down. The two glass placeholders would be on Market Street. This would be the better location for the rendered 9 story building as it would fill that critical and very noticeable gap between Market Street and Teacher's Village. RBH already owns the sites. A third rendering seems to confirm the facade and serves as a header on the RBH homepage.




    All 3 images are screenshots of http://www.rbhgrp.com/services.html and http://www.rbhgrp.com/index.html (one of the quickly scrolling images and the stationary header.)

    All of the above (except for the previous 4 renders are on my blog,
    http://urbanismvsmodernism.blogspot....l?view=sidebar
    Forget that rendering. Its old RBH concept Ideas. The old Macy's & Bambergers building is in the distant background (& So is Market st.). Look carefully at the street sign above the white car. (The bright rectangle over the white car & left of ESPRIT) IT SAYS "WILLIAM STREET".

    The new charter schools occupy that corner. Teachers village is there now.
    Last edited by Newarkguy; March 4th, 2016 at 02:02 AM.

  2. #9227
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    So someone has bought the Newark Bears Stadium and plans on building a luxury skyscraper on it...

  3. #9228

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    Quote Originally Posted by Nexis4Jersey View Post
    So someone has bought the Newark Bears Stadium and plans on building a luxury skyscraper on it...
    Awesome!! Could it be a new tallest for Newark?

  4. #9229
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    Quote Originally Posted by KMD1227 View Post
    Awesome!! Could it be a new tallest for Newark?
    I don't know the exact details , but its huge news... A few other large announcements will be coming soon...a lot of the parking lot near Penn are on the chopping block...

  5. #9230

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    Quote Originally Posted by Nexis4Jersey View Post
    So someone has bought the Newark Bears Stadium and plans on building a luxury skyscraper on it...
    Wait what? Is this true? Where did you hear this? As a huge baseball fan this is a sad sight to see. I went to quite a few games there, but I guess it was bound to happen. Does NJIT know about this as they are still tenants there. I guess I will have to say good bye to seeing minor league baseball ever come back to the city. Oh well, we still got college basketball, hockey, and mls right across the river. I cannot wait to see what will happen. This could be huge for downtown and even the north ward as that really can cause some type of interest on the empty lot next to the Burger King. Keep us posted, and hopefully the Star Ledger picks up the story because this can really show investors that Newark has finally went from a maybe to a definite.

    Also, does anyone know when alot of the retail in the teacher's village will finally open. I drove by yesterday on my way to work and just saw alot of them still saying coming soon. I hope they open soon. They will really add some much needed luxury retail in the city. I think I saw a salad shop was one of the stores "coming soon". However, I want to see these businesses open because lets face it. It will provide much needed jobs for residents in the city. So its a win win. Hopefully someone has a few answers for me. Again, I am happy and sad to hear that the baseball stadium was bought. Let's see what happens.

  6. #9231

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    Quote Originally Posted by Nexis4Jersey View Post
    So someone has bought the Newark Bears Stadium and plans on building a luxury skyscraper on it...
    So you mean to tell me that someone is taking on the $30 million debt owed on the stadium, to build a luxury skyscraper? That's half the cost of the Shaq tower. And besides, with all the red tape and problems securing tax breaks/financing, building a skyscraper in this town is like pulling teeth. Sorry for being so pessimistic but I'll believe it when I see it.

  7. #9232

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    Quote Originally Posted by Nexis4Jersey View Post
    So someone has bought the Newark Bears Stadium and plans on building a luxury skyscraper on it...
    Quote Originally Posted by Nexis4Jersey View Post
    I don't know the exact details , but its huge news... A few other large announcements will be coming soon...a lot of the parking lot near Penn are on the chopping block...
    I highly doubt the Riverpark Stadium tower. I think that site across from Broad Street Station, the Advance site next to the Gateway Center (behind Newark Legal Center), and a couple infill sights will happen far sooner than demolishing that stadium.

    As far as the parking lots around Penn, a number of them will disappear soon for the recently agreed upon plans for Triangle Park. A few more in the Ironbound (Iberia) will disappear in about 2 years of so, depending on when they sell those lots.

    The only things in the planning board plans are the addition of a parking lot for a 5 story building with 10 stores at the corner of Broad Street and Clark Street just north of I-280 (near at least two other planned 5 story buildings), and a new 8 unit apartment building in the Ironbound
    http://planning.ci.newark.nj.us/wp-c...PB_160307a.pdf

    As I have been saying several times before, Newark's development boom is finally occuring, but it will be a majority of smaller infill buildings that will begin to occur together in noticeable clusters. Big-ticket projects tend to be seriously delayed in Newark, but the recent activity will prove the economics of building in Newark. Once Triangle Park truly occurs and Shaq and NJPAC begin rising, there will be a flurry of larger developments. Until then, the developers are still to wary, not knowing what caused the others to fail.

  8. #9233

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    Quote Originally Posted by section08 View Post
    So you mean to tell me that someone is taking on the $30 million debt owed on the stadium, to build a luxury skyscraper? That's half the cost of the Shaq tower. And besides, with all the red tape and problems securing tax breaks/financing, building a skyscraper in this town is like pulling teeth. Sorry for being so pessimistic but I'll believe it when I see it.
    It's being reported in NJ.com, so the rumor is true. Looks like Newark is getting another residential tower. Purchase price was $26 million.

    And obviously the new developer isn't responsible for the previous owner's debts. Why would that ever be the case?

  9. #9234
    Forum Veteran West Hudson's Avatar
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    Quote Originally Posted by ASchwarz View Post
    It's being reported in NJ.com, so the rumor is true. Looks like Newark is getting another residential tower. Purchase price was $26 million.

    And obviously the new developer isn't responsible for the previous owner's debts. Why would that ever be the case?
    The site next to the stadium was designated for an office tower labeled "Liberty Plaza" back in 2008...if that site was part of the deal, that rumor makes sense, but I can't imagine the stadium getting demo'd to make way for a resi tower. I mean heck, they can't even get NJPAC started even though it's on a piece of land that was handed over basically for free, scaled down, and granted tens of millions in tax breaks, all during the most robust period of multifamily development in our country's history.

    2008 office tower proposal: http://www.nj.com/essex/index.ssf/20..._be_built.html

  10. #9235

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    Quote Originally Posted by West Hudson View Post
    The site next to the stadium was designated for an office tower labeled "Liberty Plaza" back in 2008...if that site was part of the deal, that rumor makes sense, but I can't imagine the stadium getting demo'd to make way for a resi tower. I mean heck, they can't even get NJPAC started even though it's on a piece of land that was handed over basically for free, scaled down, and granted tens of millions in tax breaks, all during the most robust period of multifamily development in our country's history.

    2008 office tower proposal: http://www.nj.com/essex/index.ssf/20..._be_built.html
    This proposal has nothing to do with the adjacent site. NJPAC has nothing to do with this site either.

    Just because something isn't built (say the NJPAC site) doesn't mean that something won't be built going forward. And there are millions of reasons developers wait on a project, most of which have nothing to do with whether or not there's a market for the project. There are Manhattan sites that have lain fallow for decades; doesn't mean that there isn't extreme demand for housing in Manhattan.

  11. #9236

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    Quote Originally Posted by ASchwarz View Post
    It's being reported in NJ.com, so the rumor is true. Looks like Newark is getting another residential tower. Purchase price was $26 million.

    And obviously the new developer isn't responsible for the previous owner's debts. Why would that ever be the case?
    OK excuse the semantics, but isn't it really bad for both Essex County and the City of Newark's credit rating if the $30 million owed to the bonds to pay for the stadium's construction is written down as bad debt? Or are they going to continue paying while the stadium is demolished? If either are true the residents are going to riot. Either way, could you please provide a link to the story on NJ.com? I cannot find it anywhere on their page or Twitter. Thank you Aschwartz.

  12. #9237
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    I plan on doing a 11.6 mile walk in Newark and surrounding areas in 2 weeks... Covering 1 project in East Newark , 10 Projects in Harrison , 17 Projects in The Ironbound , 9 Projects in Downtown Newark and 9 Projects in University Heights... I will also cover Journal Sq , Jersey City Heights , Hoboken , Newport - JC , Exchange Place , The Powerhouse district , Liberty Harbor - JC and Historic Downtown - JC all in one day.. I will post how many projects I will photograph on those threads...

    -Downtown Newark
    -University Heights
    -The Ironbound
    -East Newark
    -Harrison

  13. #9238

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    Quote Originally Posted by ASchwarz View Post
    It's being reported in NJ.com, so the rumor is true. Looks like Newark is getting another residential tower. Purchase price was $26 million.

    And obviously the new developer isn't responsible for the previous owner's debts. Why would that ever be the case?
    I have been looking for this article for an hour to absolutely no success. Please find it and post it.

  14. #9239

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    Google Earth/Maps 3D imagery of Newark has updated to about 6 months ago.

  15. #9240

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    Quote Originally Posted by towerpower123 View Post
    I have been looking for this article for an hour to absolutely no success. Please find it and post it.
    I have heard the same thing from people up at NJIT but basically the whole deal sounded shady. The way I understand it is that whomever ran the bidding used NJIT's bid to get the final winner of the bid to pony up more cash and that it felt like a rigged bid. As I understand it the developer is looking at the site for a potential casino so I doubt the stadium gets demolished any time soon. I would imagine whomever bought it would wait on legislation to be approved then get some sort of designation and state/local financing before demo to build out the site. If these options fail I wouldn't be surprised to see it sold over to NJIT or another developer.

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