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24 Jones, a 152-unit Class A apartment community in Newark, New Jersey was recently sold for $36.5 million.
A student housing complex was previously envisioned in University Heights, Newark, but a project called "Summit Street Residences" is now planned.
The Newark development would consist of everything from retail space to a movie room.
James Street Commons Historic District, whose residents had fought to save the nearby school for over a decade, was named one of the most endangered places in the state.
A decade-long battle to save a landmark in Newark’s University Heights nearly ended in demolition. Frantic phone calls to lawyers and city officials managed to stay the wrecking ball in the eleventh hour — for now.
A complex with 212 apartments, commercial space, and community space that is planned for Newark may receive a 25-year tax abatement.
The City of Newark could sell a small University Heights lot to a developer for just over $10,000 as part of a plan to build a student housing complex in the area.
A site across from Newark’s relatively new Baxter Park Apartments near the NJIT campus is the subject of a proposal calling for a 15-story mixed-use building with more than 200 residential units.
While Downtown has gotten all the attention as Newark’s hub of commercial redevelopment, University Heights has quietly become one of the city’s hottest up-and-coming residential neighborhoods.