Newark Residential Building Wins Prestigious Urban Land Institute Award

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hahne and company building newark awardsHahne & Co., Newark’s department store turned residential rental building, was awarded the Urban Land Institute’s 2017 Jack Kemp Excellence in Affordable and Workforce Housing Award. Mosaic on the Riverway in Boston and Wildflower Terrace in Austin were also recipients. Awarded by a jury of industry leaders annually, the award is reserved for developments that designate some or all of the units as affordable housing.

Hahne & Co. department store was built by Goldwin Starrett who founded the architecture firm Starrett and Van Vleck and also designed the classic facades of iconic department stores Bloomingdale’s, Lord & Taylor, and Saks Fifth Avenue in Manhattan. In 2015, after being vacant since the late ‘80s, L+M Development Partners and Prudential Financial, Inc. partnered to restore the 400,000 square foot space and construct a 120,000 square foot addition.

Now a modern, mixed-use building, offering 160 apartments (64 affordable units), retail, and cultural space, Hahne & Co. exemplifies the award criteria: affordable, innovative, close to jobs and transportation, and quality of design among others.

Mr. Jack Kemp was a former Secretary of the U.S. Department of Housing and Urban Development and “this year’s winners honor the spirit of Jack Kemp and reflect his signature qualities of compassion for others, pragmatic efficiency, and entrepreneurial spirit in meeting the housing needs of all America’s citizens,” said Jury Chairman J. Ronald Terwilliger.

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