The most ambitious residential project to hit Newark in almost a century has hit a major milestone as the initial portion of the modern Halo development has reached its highest point.
Jersey Digs broke the news on the project back in early 2021, which emerged after years of changes to plans. The property, situated at 289-301 Washington Street on the outskirts of Downtown, was home to a surface parking lot for many years.
Acier Holdings obtained a $90 million construction loan to finance Halo last year and construction officially began last summer. Hudson Meridian Construction Group is undertaking the build-out and recently released some images as the first 38-story tower has reached its apex.
The first phase of Halo is rising on the northernmost portion of the property and will be the shortest of the three towers. Designed by INOA Architecture, the initial tower will include 297 units, breaking down as 156 studios, 84 one-bedrooms, and 57 two-bedrooms.
The second and third portions call for another 42-story building and a 46-story tower, with the entire complex including a total of 949 residential units connected by a six-story base.
The entirety of the project development will yield 1,075 total apartments in a mix of studio, one-bedroom, and two-bedroom layouts, as well as a suite of amenities and a 343-vehicle parking garage. The Halo complex is set to feature automated parking, terraces, “garden level amenities,” and a sky lounge that includes rooftop pools.
The first tower of Halo is now officially the second tallest building in Newark behind only the National Newark Building, which was built way back in 1932. It has passed the height of the recently completed Shaq Tower II, which held the designation for less than a year after construction wrapped.
The tallest 46-story section of Halo is set to supplant the National Newark Building as the city’s highest edifice, a designation that building has held for close to a century. The first phase of Halo is expected to be fully constructed by the end of 2024.
