Newark

Last week, the Third Annual CAPRE Newark Commercial Real Estate Summit brought stakeholders together to discuss development in Newark, which currently has over 7,000 units in the pipeline.

The new owner of an old industrial property in Newark’s Ironbound neighborhood is scheduled to seek approval today to construct a five-story development with apartments and retail space on the premises.

Rafael Holdings has sold their 20-story Newark office building, which also includes an 800-car parking garage that sits on three developable acres of land.

Last month, NJPAC appeared before Newark’s historic preservation commission to plead its case for demolishing a protected landmark. They even hired an expert to badmouth a famous mural that NJPAC had originally commissioned and praised.

The City of Newark is expected to sell a property in the Weequahic neighborhood so that a 75-unit apartment complex can be created.

MX-3 zoning is back in Newark’s Ironbound neighborhood after previously being struck down by a judge. Now, a developer wants to use the new zoning to build a 133-unit development.

The company most associated with Manhattan’s Bryant Park no longer has a role in the operation of Military Park in Downtown Newark.

24 Jones, a 152-unit Class A apartment community in Newark, New Jersey was recently sold for $36.5 million.

A developer is looking to build a mixed-use project near The Home Depot in Newark.

The battle between the past and the present recently came to blows when developer KS Group came before the Newark Historic Preservation Commission to present plans for the Newark Summit Tower in the Four Corners Historic District.