A company that bought one of Newark’s northeasternmost properties last year is planning to turn the site into a multi-family development.
Plans for the “862 Broadway Residences” are scheduled to be heard by the Newark Zoning Board of Adjustment this Thursday, December 3. Located at 862-868 Broadway more than three miles north of Broad and Market, the project would be five stories tall and contain 29 residential units if approved, according to the developer’s application.
Site plans from the Studio for Urban Architecture & Design that were released by Newark’s municipal government show that there would be one-bedroom and two-bedroom units throughout the building along with a common lounge and terrace on the fifth floor.
The application indicates that this project is expected to include 24 parking spaces. New Jersey Transit’s 13 bus to Downtown Newark, Irvington, Nutley, and Clifton stops nearby at the corner of Broadway and Verona Avenue.
Applicant 862-868 Broadway, LLC acquired the parcel for $520,000 in the fall of 2019, according to sales records. The application’s disclosure statement states that Hirsch Eissenberg and Moty Brisk each own 50 percent of the LLC.
Vulcan Basement Waterproofing previously occupied the existing one-story commercial building on the premises.
The property is situated just a block south of the former Boonton Line, which could be converted into the Essex-Hudson Greenway. If completed, the greenway project would allow people to walk or bike east to Jersey City or west to Montclair. This development is one of at least three this year to be proposed for the part of the North Ward that is closest to the old railway.
The Newark Zoning Board of Adjustment’s virtual meeting begins at 6:00 p.m. The developer is seeking to receive preliminary and final site plan approval with a number of variances.
Note to readers: The dates that applications are scheduled to be heard by the Newark Zoning Board of Adjustment and other commissions are subject to change.
