A development team has unveiled plans to renovate and expand an 18-story tower in downtown Newark, under a $91 million project that will create 250 apartments and commercial space.
A growing restaurant chain is coming to downtown Newark, having signed a lease at the 456,000-square-foot commercial and retail building known as Ironside Newark.
A physical therapy practice is coming to Edison Properties’ Ironside Newark project, marking the latest retail tenant at the revitalized historic commercial building.
The COVID-19 pandemic has threatened to stall many development projects nationwide, including those under the federal Opportunity Zone program, but experts say those investments could gain new momentum after a series of recent steps by regulators.
A proposed 370-unit apartment tower in Newark has secured a 30-year tax abatement, as city officials move to advance a series of planned developments despite the pandemic.
Office leasing in New Jersey slowed significantly in the second quarter, with renewals and extensions accounting for most of the activity as tenants navigated the coronavirus crisis.