$30M Development with 250 Apartments and Art Gallery Might Come Next to Newark Museum

Development Planned Near Newark Museum Of Art
A development is proposed for more than a dozen tracts of land along Washington Street, Central Avenue, and University Avenue near the Newark Museum of Art. Map via Google Maps/Satellite View.

A group of properties that are located adjacent to the Newark Museum of Art might become home to two apartment buildings, one of which would include additional space for the museum.

NMA Owners, LLC submitted an application to the Newark Landmarks and Historic Preservation Commission in June that calls for constructing a mixed-use complex.

The application says that the development’s first building would be six stories tall and consist of a 4,000-square-foot art gallery for the museum and 90 apartments, while the second building would be 12 stories tall and contain 160 apartments and around 2,400 square feet of retail space. “Amenity space” would reportedly be included for residents in each building.

It is not yet known how the units would be priced. The development is expected to cost $30 million and could be completed in 2024 if approved, according to the application.

The application covers roughly a dozen tracts just south of the museum like 65, 67, 69, and 71 Washington Street, 61, 63, 65, 69, 71-73, and 75-83 Central Avenue, and 146 University Avenue. Most of these lots are used for surface parking, while the remainder of the site contains Horizon Plaza, which was developed over the last decade where two buildings used to stand.

Municipal tax filings list the museum or the museum association as the owner of the bulk of the premises.

NMA Owners, LLC is registered out of the same Larchmont, N.Y., address as L+M Development Partners. L+M has been involved in numerous Newark projects and proposals, including Hahne & Co., Urby Newark, Georgia King Village, and the massive complex that is planned next to the New Jersey Performing Arts Center.

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