As revitalization has begun to head west in Newark, the path has been cleared to redevelop a long-vacant lot on a corner of Central Avenue into a modern complex with a sizable retail component.
Newark’s Zoning Board granted approvals last month to completely revamp several parcels at 573-581 Central Avenue. The lot sits at the road’s corner with South 12 Street in the city’s Fairmount section.
The property is owned by Naimor Realty, an East Orange-based company that has a slew of other projects scattered around more residential sections of the Brick City. Plans for their latest endeavor were drawn up by Newark-based Comito Associates.
The future at 573 Central Avenue involves the rise of a five-story building with 40 residential units plus 17 parking spaces. Naimor was not required to include any parking component in their project under current regulations but chose to do so for the convenience of their future tenants.
12 bicycle spots are also included in the complex, which will feature 10 apartments on each floor breaking down as 4 studios, 20 one-bedroom apartments, and 16 two-bedroom spaces. The ground floor of the property will boast a 4,000-square-foot retail space fronting Central Avenue.
Amenities to be featured at the future development include a common rooftop deck, a gym and fitness facility in the building’s basement, and charging stations for electric vehicles. A groundbreaking date for the project has not yet been announced.
