Posted May 30, 2019, 2:32 AM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,844
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Project Update: Rendering revealed for 155 Washington Street (Rutgers University-Newark redevelopment)
Quote:
More than a year after we first revealed that there were plans to bring major changes to a property in Downtown Newark, Jersey Digs has learned new information about the $73 million transformation that is in the works for 155 Washington Street.
The 18-story building on the Rutgers University-owned property, which was once used as a parking garage, is expected to be adaptively reused by Larchmont, New York-based L+M Development Partners and Newark-based Prudential Financial’s 155 Washington Street Urban Renewal, LLC into a development with between 220 and 225 market-rate residential units, institutional space, and retail space. There are also plans for a new four-story building on the premises with 29 units. Now, under a request that we filed with the public university under New Jersey’s Open Public Records Act (OPRA), copies of the site plans and renderings, along with the ground lease signed by Rutgers and the LLC, have been released.
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Jersey Digs
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