Over the last few years, after decades of surface parking lots being developed in the heart of New Jersey’s largest city, Newark has started to see new buildings rise where cars used to be left. Now, a private parking lot that is situated between two of Newark’s busiest corridors could be replaced with one of the largest mixed-use projects to be proposed for the city as of late.
Documents submitted to Newark’s municipal government outline a proposal for a 22-story development called “22 Fulton” at 16-18, 20, 22, 24, 26, 28, 30, and 32 Fulton Street, a site located near Broad Street, McCarter Highway, and the Newark Light Rail tracks.
An application to the Newark Landmarks and Historic Preservation Commission by Fulton Street Newark, LLC, a firm with ties to the Park Place-based Berger Organization, describes this as a $176 million project that could be completed as soon as the first quarter of 2024.
The development is slated to consist of 396 residential units, 4,800 square feet of retail space, 106 parking spaces, a co-working lounge, and a courtyard, according to site plans from Beyer Blinder Belle that were released by the City of Newark. A terrace and “Ballantine Lounge” would also be included on the 22nd floor.
Nearly half of the units would each include one bedroom, while 41 percent would be studios and 11 percent would be two-bedroom units, the plans show. Floor maps indicate that some “affordable” units would be spread throughout the building.
Fulton Street Newark, LLC’s proposal is scheduled to go before the commission during a Zoom meeting today, Wednesday, October 6, at 6:00 p.m.
The premises are situated within close walking distance of 50 Rector Park and One Theater Square, both of which are relatively new towers that are primarily residential
Although no visible progress has been made on a handful of other projects that were proposed nearby, including the planned hotel at 56 Park Place and the adaptive reuse of the Griffith Building, details of other developments in the vicinity like Boraie’s 25-story tower along the Passaic River have surfaced recently.
Note to readers: The dates that applications are scheduled to be discussed by the Newark Landmarks and Historic Preservation Commission and other governing bodies are subject to change.
