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Paramount Assets has full approvals in place to restore a Newark property that will expand the building by three floors and add a sizeable storefront to the stretch.
The Spingarn Building in Downtown Newark and the neighboring building at 186 Market Street are each the subject of applications calling for the adaptive reuse of their upper floors into residential uses.
The Newark Landmarks and Historic Preservation Commission is expected to hear a plan associated with Paramount Assets that calls for bringing a major mixed-use development near Prudential’s headquarters.
This 29-unit Downtown Newark development by a firm associated with Paramount Assets would sit between two of the company’s other projects.