A unique development has been approved for two properties near the federal buildings in Downtown Newark.
The tracts at 961-985 and 987-997 Broad Street between Court and West Kinney Streets are expected to become home to a five-story mixed-use building, according to a legal notice from the developer that was released last month. The development in question is largely expected to be an “affordable assisted living facility.” There are also plans for both a pre-school and a child care center on the premises along with an adult day care and other medical facilities. The building is expected to have the address of 991 Broad Street.
Back in December, per the notice, the Newark Central Planning Board granted developer 991 Broad Street, LLC’s application for Preliminary and Final Site Plan approval along with variances that are mostly related to parking, lighting, signage, and fencing.
The properties currently contain two apartment buildings, 2 Nevada Street and Court Towers. However, plenty of developable land can be found on the premises behind the buildings, including a vacant lawn and property that is used for parking.
It is not exactly clear who is behind 991 Broad Street, LLC, though the owners of both properties are registered out of the offices of the Jonathan Rose Companies in Midtown Manhattan’s Fred F. French Building.
Considering that it is expected to be an “affordable assisted living residential facility,” a project like this stands out from most other residential developments that were recently completed, are under construction, or are proposed for this section of the city. Particularly over the last few years, like Jersey City to the east, Downtown Newark has seen an increase in more traditional multi-family mixed-use developments, with the Broad Street corridor being no exception. Just within a few blocks of this property alone, the 87-unit 999 Broad complex was completed in 2016, an 84-unit building at 915-933 Broad Street is in the process of being built, and a 12-story development is planned near the corner of Hill Street.