Residential & Mixed Use
Construction set to begin for 84-unit rental project in Newark

A development group is set to break ground on 84 new apartments just north of downtown Newark, a project that will revitalize a busy corner just off Interstate 280.

Office
Newark’s construction boom is bolstered by a long-awaited change in perception, CBRE says

Experts say Newark is enjoying not only a surge of new private-sector investment, but also a level of interest that is helping to break the stigma that has plagued it for decades.

Office
Lotus project banks on Newark’s rising profile, intrigue of timber construction

Lotus Equity Group hopes to tap into the intrigue of a mass timber office building as it markets plans for Riverfront Square, a sweeping mixed-use project at the site of the former Newark Bears stadium. The developer and its marketing team, led by brokers with Cushman & Wakefield, are also banking on the rising interest in Newark as a destination for new office users, following recent high-profile deals and the city’s selection as a finalist for Amazon’s second headquarters.

Event Coverage
New development, Amazon bid highlight potential for Newark office market

Despite high overall vacancy and a recent slowdown in leasing, Newark is starved for modern Class A office space — creating an opportunity for developers that can capture that demand.

Office
Korman details plans for 500,000 sq. ft. timber office tower at Newark stadium site (RENDERINGS)

Lotus Equity Group has unveiled new details about its massive redevelopment plan for the former Newark Bears stadium — including what it says will be the largest mass timber office building in the United States.

Residential & Mixed Use
N.Y. firm eyes 2.3M sq. ft. redevelopment of Newark stadium

A developer has closed on its acquisition of the former Newark Bears baseball stadium in the state’s largest city, paving the way for it to redevelop the site into a sprawling mixed-use neighborhood.