One Theater Square, Newark’s first ground-up luxury residential high-rise since 1960, has officially opened.
The 22-story mixed-use glass tower features 245 studio, one-, two-, and three-bedroom units. 24 of the units are set aside for affordable housing. Each apartment unit features granite and stainless steel throughout. A fitness center with a yoga studio, game room, culinary kitchen, outdoor deck with a fire pit, and 285-car garage. Also included is 12,000 sf of ground-floor retail.
See Also: Developers are harkened for major revitalization project in Pittsburgh
The building is part of the larger ongoing revival in Newark and was awarded $33 million in Urban Transit Hub Tax Credits from the State of New Jersey. The project also arranged for $12 million in project funding from the City of Newark through a Revenue Allocation Bond, a parking tax grant, and HOME funds.
Dranoff Properties is the project developer.
Related Stories
Mixed-Use | Mar 9, 2021
47-story residential and office building set for San Francisco’s new ‘Hub’
Solomon Cordwell Buenz designed the project.
Mixed-Use | Mar 8, 2021
Chicago’s South Side to receive new Entrepreneurial and Community Hub
SOM and TnS Studio will lead the design.
Mixed-Use | Feb 24, 2021
Skanska completes primary construction work on Nashville’s largest ever mixed-use project
Gresham Smith is serving as architect-of-record for the entire project and is part of the design team with Pappageorge Haymes and Gensler.
Mixed-Use | Feb 22, 2021
Mixed-use development will occupy former manufacturing industrial site near the Chicopee River
Paul A. Castrucci Architects is designing the project.
Reconstruction & Renovation | Feb 18, 2021
Connecticut’s Swift Gold Leaf Factory becomes a community job incubator
Bruner/Cott Architects designed the project.
Mixed-Use | Jan 21, 2021
3XN and IttenBrechbühl to design a wooden tower in Switzerland
The project will be located in Lausanne, Switzerland.
Mixed-Use | Jan 20, 2021
Union Square’s first ground-up development in two decades completes
MBH Architects, in collaboration with Page & Turnbull, designed the project.
Reconstruction Awards | Dec 29, 2020
The reenvisioned Sazerac House: A delectable cocktail that's just perfect for the Big Easy
The 51,987-sf Sazerac House is an interactive cocktail museum, active distillery, corporate headquarters, and event venue, all under one roof, next to the historic French Quarter of New Orleans.
Mixed-Use | Dec 28, 2020
BIG designs new mixed-use development in Harlem
The project, dubbed The Smile, has recently completed construction.
Urban Planning | Dec 6, 2020
Ford lays out plans for mobility innovation district in Detroit
Its centerpiece is an abandoned train depot whose architecture and decay reflect two sides of this city’s past.