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.

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.