Newark’s ‘Goldsmith Lofts’ Project Pushed to Next Year

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Goldsmith Lofts Parkhurst Street Newark 1
Proposed redevelopment dubbed Goldsmith Lofts, Parkhurst Street, Newark. Rendering courtesy C+C Architecture.

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.

92 Parkhurst St Newark Development
92 Parkhurst St, Newark. Photo via Google Maps.
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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.

Goldsmith Lofts Parkhurst Street Newark 2
Goldsmith Lofts, Newark. Rendering courtesy C+C Architecture.

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.

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3 COMMENTS

  1. This city acts as if developers are fighting to get in!
    Constantly imposing obstacles on developers seeking to building Newark. The problem in Newark is there still too much of the ghetto Lobby element. The ghetto Lobby is my reference to community organizers who oppose any Improvement they claim “will drive them” out despite the fact these residents have always hated living in Newark and have for generations taught their kids to move up and get out.

    • It seems to me you just like being a racist and using coded words. I don’t even understand how either or your post are related to this article?

  2. Unfortunately, Newark has reached the point of no return as far as maintaining its Crown as the Jersey’s largest city. Boring an unexpected event such as the city merging with the County government, Jersey City will soon surpass it as the state’s largest city just buy the fact that it’s becoming more and more like Manhattan and its population swells thanks to residential high-rises Newark can only dream of.

    If Newark becomes New Jersey’s second largest city, it will be tragic and permanent because the haters of Newark in New Jersey will finally have a new city to call their own and Newark will become the Forgotten Dumping Ground of all the low income e elements.

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