A recently unearthed development that would revitalize an abandoned warehouse near Lincoln Park generated some buzz last month, but a likely redevelopment plan in the works means Newark’s zoning board won’t hear the proposal until early 2019.
Just weeks ago, Jersey Digs reported on a new residential proposal from Newark-based M&M Development. The company acquired a former jewelry factory at 84-92 Parkhurst Street for $975,000 earlier this year and have worked with Jersey City-based C+C Architecture to draw up plans to adaptively reuse and enlarge the building.
The plan, dubbed Goldsmith Lofts, would salvage the existing four-story shell and expand a new eight-story section off the back of the building into what is currently a parking lot. 58 total one- and two-bedroom units would be included in the project, along with 11 basement parking spots and 22 spaces for bikes. According to M&M’s website, 11 of the units are slated to be affordable.
New renderings have been revealed for the project that was initially slated to go before the zoning board on September 20. However, the application was carried to last week’s September 27 meeting and now won’t be heard until next year, but there’s an explanation for that development.
Lawyers for M&M told TapInto that officials in Newark are currently working on a new redevelopment plan for the area, which is slated to be called either Gateway South or the Lincoln Park South Redevelopment Plan. The current zoning of the area is likely to change in the near future as a result, although a plan has yet to be approved and the city has not stated any timeline for the changes to be enacted.
As a result, M&M requested the hearing for Goldsmith Lofts be adjourned to March 2019. Parts of the project are likely to be reassessed, including a possible increase to parking included in the proposal.