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Thread: Newark Development

  1. #9691

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    Quote Originally Posted by poppad View Post
    My point was not that the condos would be worth millions like the ones in Jersey city, but that their is no concentration of condos in downtown newark aside from society hill (in University heights) and the crappy units at 111 Mulberry. There needs to be an opportunity for middle class individuals to invest in downtown Newark, not just developers getting tax breaks.
    I would agree that Newark needs more condo stock downtown, but it might be too soon to call for them, not in great numbers at least. Newark's downtown has a commercial history and its residential stock is just starting to increase. A lot of what anchors a traditional residential neighborhood doesn't exist in sustainable numbers yet (though they're slowly coming online).

    Additionally, there is a lot of growth left in the rental market (NY/NJ rental market is liquid hot right now). Not saying rentals and condos can't happen simultaneously, condos would just be a harder sell downtown. Rentals offer a safer/easier return-on-investment for developers at this point.

    Once downtown reaches residential density, and the anchors are in place, developers will more than likely want to push further for condos, and, most definitely higher-density/taller development.

  2. #9692

    Default 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








    Of note, Ironside Newark is the first speculative office building project (no major anchor tenant already in place) to be built in decades.


    Grammy Museum Experience




    Redevelopment across from the arena on Broad Street (Teachers Village is right behind this block)




    Newark Museum new (original) front entrance




    Audible office space (6 floors) in former church




    Barcade (across from Washington Park and Rutgers Business School)



    The minor league baseball stadium which is the site of a huge redevelopment plan (~1,500 units, significant retail space, possibly another speculative office building) is just to the left of Barcade's building).


    540 Broad Street (former Verizon building) residential redevelopment - 260 units






    One Theater Square - 22 floors, 245 units (second pic has the Wyndham Tryp Hotel project in the foreground)








    One Rector Street - 23 floors, 169 units




    McGovern's Tavern



    The tavern will be completely renovated and expanded into the building on the right; the existing single story structure will gain two floors and will be residential along with the adjacent 3 story structure.

    Rutgers-Newark is building its new honors housing dorm right behind it; McGovern's was wisely spared from demolition.

  3. #9693

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    Quote Originally Posted by coralridge View Post
    are the housing units at Hahnes available for purchase/lease yet? If yes, anybody know how they're doing? Also, any word on proposed hotel at Military Park?
    Hahne's is fully leased.

  4. #9694

    Default This is great

    Zoning Changes Could Bring Taller Buildings Near Newark’s Waterfront

    By
    Jared Kofsky -

    September 7, 20170





    The proposal earlier this summer to change zoning restrictions in one part of Newark’s Ironbound neighborhood will not be the only modification that City officials are planning to make to such regulations.

    According to City records, an amendment is planned to Newark’s River Public Access and Redevelopment Plan in order to allow buildings to be up to 25 stories tall where only 10-story structures are permitted at this time and to allow 40-story high-rises where buildings only up to 30 floors are currently allowed. This impacts sections of the city close to the Passaic River, specifically parts of the Ironbound close to Market Street and Raymond Boulevard, the eastern area of Downtown Newark near Route 21/McCarter Highway, and the area of Lower Broadway by the river that is south of Clay Street.

    Newark’s River Public Access and Redevelopment Plan | Credit: City of Newark


    Plus, the plans also call for reclassifying the properties at 930 McCarter Highway and 10-18 Passaic Place, which are owned by the Newark Housing Authority (NHA), from being open space districts into Mixed-Use 2, which permits “medium density, residential, office, [and] retail.” Similarly, the properties west of Market Street in the East Ward between Raymond Boulevard and Jefferson Street would be converted from Mixed-Use 1 into Mixed-Use 2. The tracts containing private parking lots at addresses such as 994-998 Raymond Boulevard and 183-197 Commerce Street at would be converted from Mixed-Use 2 into Mixed-Use 3 (MX-3), which includes “high-density residential, office, and retail.”

    The ordinance states that “it has been determined by the Planning Department and the Department of Economic and Housing Development that the redevelopment area and the economic vitality of the City will be enhanced by the proposed amendment.”

    The proposed amendment was approved by the Newark Central Planning Board during its meeting on August 7th and was passed on first reading by the Newark Municipal Council during its special meeting on August 22nd. It still must receive final approval before it is adopted.


    Newark Riverfront Park Expansion map | Credit: Newark Riverfront Revival


    This news comes as Newark’s riverfront is seeing redevelopment for the first time in decades after resident access to it was largely blocked or restricted. The first phase of the Essex County-owned Riverfront Park along Raymond Boulevard and the Passaic River has been open for several years now. Construction is also underway to expand the recreation area further upriver, first past Newark Penn Station to the Bridge Street Bridge, and then all the way north to 4th Avenue in the North Ward. The existing park regularly hosts events such as concerts, boat rides, and kayak tours.

    The expanded park, which is being designed by High Line architect James Corner, willinclude a boathouse, a floating dock, a stage, an amphitheater, a beach area, pathways for pedestrians and bikes, playgrounds, athletic fields, and more. In order to develop this “world-class waterfront park,” the City is planning to gain ownership of property along the waterfront “by purchase or condemnation,” including a lot on Jersey Street.

    In June, plans by the City to create MX-3 zoning just east of Newark Penn Station in a small portion of the Ironbound were made public. As part of the plans, high-rise multifamily buildings could be built up to 15 stories tall on several properties that currently only permit structures up to eight floors high. The proposal, which was supported by nearly the entire Newark Municipal Council and Mayor Ras Baraka, still requires approval from the Newark Central Planning Board for it to move forward.

    It has been opposed, however, by many local activists and groups, including the Ironbound Community Corporation, PLANewark, and The Newark Advocates, largely due to concerns over a possible decline in affordable housing availability in the neighborhood. For example, the NHA is still seeking to demolish the 275-unit Terrell Homes public housing complex near the Passaic River, and the agency has already demolished or closed several other housing developments across the city, including Baxter Terrace and Felix Fuld Court. Nearly 15,000 people are currently on the NHA’s wait list, according to records from the authority.

    ---------------------------------------------------------------

    from jerseydigs:

    https://jerseydigs.com/zoning-changes-brings-high-rises-to-newark-waterfront/?utm_content=buffer64b80&utm_medium=social&utm_sou rce=twitter.com&utm_campaign=buffer

  5. #9695

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    Great photo update BTW ^^

  6. #9696

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    Quote Originally Posted by 66nexus View Post
    Great photo update BTW ^^
    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 from Dino BBQ.

    Regarding the above article, those zoning changes better go through. The NIMBYs in the Ironbound are welcome to move to the leafy suburbs, or Forest Hill in Newark, if they have a problem with dense development in the state's largest city. That said, they certainly should keep an eye on things; I can understand they fear gentrification and rightfully so.

  7. #9697

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    So if this goes through the waterfront could turn into a Newport-lite, which isn't a bad thing.

  8. #9698
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    Quote Originally Posted by Brick City View Post
    That said, they certainly should keep an eye on things; I can understand they fear gentrification and rightfully so.
    It's understandable they fear gentrification, but they're seriously misguided. Currently you can build 8-story buildings in the blocks near Penn Station in the Ironbound, and if the NIMBYs win, they'll block a change allowing that to go up to 15 stories. Do they really think that 8-story buildings will cause less gentrification than 15-story buildings? Hoboken is more gentrified than Jersey City, despite having very few buildings above 8 stories. Same for places like Greenwich Village and Park Slope and Brooklyn Heights. Preventing tall buildings did nothing to stop gentrification in those communities.

  9. #9699

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    Does Newark even have a current masterplan? I hope they don't kill the waterfront park with these so-called tall buildings the way they did with the Claremont tower. Less of that, please.

  10. #9700

  11. #9701
    Forum Veteran West Hudson's Avatar
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    Newark's probably in a better position for HQ2 than most cities, but it's still lacking the type of tenant base that Amazon's probably looking for. Although there are plenty of tech companies in Manhattan, that's a good 20+ mins from Newark, and alot of the people who work at Google, Facebook, etc. live in Brooklyn/LIC/Astoria (and dislike NJ), so a commute to Newark would be a hike for them. But hey, it's possible, and if it does happen it will give another jolt of growth to an already thriving RE development scene in Newark, Harrison, JC, and other surrounding areas.

  12. #9702

    Default Expansion of University Heights

    New Jersey Institute of Technology Plans to Expand Campus in Newark

    By
    Jared Kofsky -

    September 25, 20170



    NJIT Campus | Credit: NJIT

    One of Newark’s four major colleges is joining forces with a local agency and a developer in order to increase its presence in the city’s University Heights neighborhood.

    During its meeting at 6:30pm at City Hall tonight, the Newark Central Planning Board will hear two applications for Preliminary and Final Site Plan approval with variances regarding a proposed new development by the New Jersey Institute of Technology (NJIT), the Newark Housing Authority (NHA), and Claremont Properties, in the Central Ward. The applications were filed by Stephen R. Sciaretta of CP-Lock Street, LLC and Claremont Properties, a Far Hills, Somerset County-based group that also goes by Claremont Companies. The properties in question, which include 209-221 Central Avenue, 11-21 Hoyt Street, 64-68 Sussex Avenue, and 20-22 Lock Street, are located just across the street from the William S. Guttenberg Information Technologies Center on NJIT’s main campus.

    Site of proposed project | Credit: Google Maps

    Currently, the tracts contain a parking lot and multiple industrial buildings, but according to legal notices, these structures are set to be removed. In their place, the notices state that there are plans for a new five-story mixed-use development that would include retail and office space, as well as a six-story parking garage that would have 430 spaces within. 107 of the parking spots would be reserved for the new building, but the remainder would be “non-public private parking,” according to the notice.

    Claremont has been involved in several projects in Newark over the decades, according to the company’s website, including the renovation of Symphony Hall, Montgomery Heights, and the Essex County College parking garage.

    However, this is not the only project that NJIT, NHA, and Claremont are planning in this area. Plans were revealed in the winter for a new “mixed-use project consisting of office space, collegiate space, retail, [and] parking” for 17 tracts just across Lock Street from these properties at 243-245 Central Avenue. The Newark Municipal Council adopted a resolution in January to sell the properties, which include NJIT faculty parking lots and a facility used by the Newark Department of Water and Sewer Utilities’ divisions of water supply and sewers, to Claremont for $2.794 million. The funding was largely required to be given to Newark’s Redevelopment Acquisition Dedicated Trust Fund, though 10% was to be put in the City’s Affordable Housing Trust Fund.

    NJIT records show that the Institute’s Board of Trustees approved a land exchange with Claremont on July 20th, in which it gave away 20-22 and 27 Lock Street in exchange for 13-15 and 19 Lock Street.

    The draft for the NHA’s 2018 Annual Plan calls the latter project ‘Claremont at Central Ave.’, and states that the project would award 22 residential units to the authority. A certificate of occupancy is slated to be issued in December 2018. The report also mentions that the NHA “intends to apply for disposition approval to develop a potential office space complex” at the site of a warehouse along Lock Street near Baxter Park.

    Plus, the NJIT Board of Trustees also approved a proposed public-private partnership with Claremont during its July 20th meeting in order to acquire the building at 200-214 Warren Street from the NHA. The structure used to contain the Warren Street Elementary School and American History High School. Records from NJIT show that the Institute partnered with Claremont because the NHA required purchasers of former schools to acquire at least two buildings, and NJIT only needed this one. However, Claremont was also buying the former Burnet Street School and another property, according to the resolution, and agreed to buy the Warren Street building as well in order to demolish and sell it for $4.5 million to NJIT. Subsequently, NJIT and Claremont will construct a mixed-use development on the premises, which could include the school’s Enterprise Development Center.

    ----------------------------------

    from jerseydigs:
    https://jerseydigs.com/njit-claremont-expand-newark-campus/

  13. #9703
    Forum Veteran Newarkguy's Avatar
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    NO! ENOUGH OF THESE COLLEGES WASTING VALUABLE REAL ESTATE!

    What happened to Science Park? The Norfolk Street City Subway (NLR) station is RIGHT THERE!
    There should be dense medium & high rises there FILLING CITY COFFERS, not more tax exempt land to further strain Newarkers!

  14. #9704
    Forum Veteran Newarkguy's Avatar
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    Im also opposed to demolishing Warren street school! Such beautiful architecture to be
    replaced with NJIT buildings...the UGLIEST designs are in the NJIT design ...and that awfull exclusive superblock.

  15. #9705

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    Quote Originally Posted by Newarkguy View Post
    Im also opposed to demolishing Warren street school! Such beautiful architecture to be
    replaced with NJIT buildings...the UGLIEST designs are in the NJIT design ...and that awfull exclusive superblock.
    I have to agree that NJIT's architecture is awful. Many of their buildings are just plain ugly.
    Last edited by scrollhectic; September 30th, 2017 at 02:59 PM.

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