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 | Aug 16, 2016
Goettsch Partners completes mixed-use tower in R&F Yingkai Square
The 66-story building is now the 7th tallest completed building in Guangzhou.
High-rise Construction | Jul 26, 2016
Perkins+Will unveils plans for what will be Atlanta’s second-tallest tower
The 74-story 98 Fourteenth Street will be a mixed-use building with retail space and luxury residential units.
Mixed-Use | Jul 18, 2016
Studio Libeskind designs jagged mixed-use tower for Lithuania’s capital
The glass facade, and spaces for restaurants, a luxury hotel, and offices will lure visitors and tenants.
Retail Centers | May 10, 2016
5 factors guiding restaurant design
Restaurants are more than just places to eat. They are comprising town centers and playing into the future of brick-and-mortar retail.
Mixed-Use | May 1, 2016
A man-made lagoon with a Bellagio-like fountain will be the highlight of a mixed-use project outside Dallas
Construction will soon begin on housing, retail, and office spaces.
Mixed-Use | Apr 24, 2016
Atlanta’s Tech Square is establishing The ATL’s Midtown district as a premier innovation center
A much anticipated, Portman-developed tower project will include collaborative office spaces, a data center, and a retail plaza.
Mixed-Use | Mar 2, 2016
Spiral forms dominate SWA’s planned mixed-use complex in China
The 1 million-sm development is expected to serve as a destination for Chengdu, Southwest China’s largest city.
Mixed-Use | Feb 22, 2016
Goettsch Partners and Lead 8 win design competition for Shanghai mixed-use complex
The designers stressed walkability and green space to attract visitors.
Mixed-Use | Feb 18, 2016
New renderings unveiled for Miami Worldcenter master plan
The ‘High Street’ retail promenade and plaza is one of the largest private master-planned projects in the U.S. and is set to break ground in early March.
Green | Feb 18, 2016
Best laid plans: Masdar City’s dreams of being the first net-zero city may have disappeared
The $22 billion experiment, to this point, has produced less than stellar results.