Three properties that sit adjacent to each other in Newark’s Ironbound section could become the site of the latest development to be built within close walking distance of Newark Penn Station and Riverfront Park.
A company called KS Jefferson, LLC submitted a proposal to the City of Newark that calls for constructing a five-story building at 33-39 and 41 Madison Street along with 28 Jefferson Street in the East Ward. The LLC is associated with the same Market Street address as KS Group, a firm that has already proposed a number of other developments around the city.
This project would include 80 residential units and 17 parking spaces, according to the developer’s application. Site plans from Inglese Architecture + Engineering that were released by Newark’s municipal government show that there would be four studios, 65 one-bedroom units, 11 two-bedroom units, a bike room, and a rooftop gym and terrace.
The premises currently include a private surface parking lot but were once the site of passenger railroad tracks connecting the old Central Railroad of New Jersey terminal on Broad Street with Jersey City.
In order to proceed with this development, KS Jefferson, LLC is looking to receive preliminary and final site plan approval from the Newark Central Planning Board. The board is scheduled to hear the plans during its meeting today, October 4, at 6:00 p.m. over Zoom.
Note to readers: The dates that applications are scheduled to be heard by the Newark Central Planning Board and other commissions are subject to change.