A company with loads of experience building affordable housing throughout New Jersey has finally begun work on a block-long residential development in Newark’s North Ward.
Montclair-based RPM Development quietly broke ground earlier this year on a project located at 109-119 Broad Street. The property spans over 0.76 acres and is nestled in the city’s Mount Pleasant neighborhood just a short distance from Branch Brook Park.
RPM was the company behind Jersey City’s Whitlock Cordage revitalization and their latest Newark endeavor is dubbed Lantana. The company purchased the property way back in 2010 and the endeavor has taken years to come together, heating up in 2018 after it was awarded tax credits from the New Jersey Housing and Mortgage Finance Agency.
Patch reported last September that Newark awarded additional federal funds through the HOME Investment Partnerships Program to Lantana and an eagle-eyed reader sent us some images earlier this year that showed the project breaking ground. The five-story complex is set to include 60 affordable units and the development registered for LEED Certification late last year. The architect for the project is Inglese A+E.
RPM recently provided an update on the progress of Lantana via its social media accounts. Structural steel and decking at the site have been completed and workers are now preparing for the podium slab installation.
Despite the progress, official renderings of Lantana have never been released and RPM Development has not responded to our inquiries seeking additional details about the project. A completion date for Lantana has not been announced.