One Theater Square, Newark’s first ground-up luxury residential high-rise since 1960, has officially opened.
The 22-story mixed-use glass tower features 245 studio, one-, two-, and three-bedroom units. 24 of the units are set aside for affordable housing. Each apartment unit features granite and stainless steel throughout. A fitness center with a yoga studio, game room, culinary kitchen, outdoor deck with a fire pit, and 285-car garage. Also included is 12,000 sf of ground-floor retail.
See Also: Developers are harkened for major revitalization project in Pittsburgh
The building is part of the larger ongoing revival in Newark and was awarded $33 million in Urban Transit Hub Tax Credits from the State of New Jersey. The project also arranged for $12 million in project funding from the City of Newark through a Revenue Allocation Bond, a parking tax grant, and HOME funds.
Dranoff Properties is the project developer.
Related Stories
Mixed-Use | Apr 7, 2021
New mixed-use rental community breaks ground in Chicago’s Bronzeville neighborhood
The building marks the latest phase of the Oakwood Shores revitalization plan.
Mixed-Use | Mar 24, 2021
Austin United Alliance’s proposal selected for redevelopment of Chicago’s Austin-Laramie State Bank site
The winning scheme was chosen from among six others.
Mixed-Use | Mar 22, 2021
Mixed-use, mixed-income development under construction in Salt Lake City
KTGY Architecture + Planning is designing the project.
Mixed-Use | Mar 9, 2021
47-story residential and office building set for San Francisco’s new ‘Hub’
Solomon Cordwell Buenz designed the project.
Mixed-Use | Mar 8, 2021
Chicago’s South Side to receive new Entrepreneurial and Community Hub
SOM and TnS Studio will lead the design.
Mixed-Use | Feb 24, 2021
Skanska completes primary construction work on Nashville’s largest ever mixed-use project
Gresham Smith is serving as architect-of-record for the entire project and is part of the design team with Pappageorge Haymes and Gensler.
Mixed-Use | Feb 22, 2021
Mixed-use development will occupy former manufacturing industrial site near the Chicopee River
Paul A. Castrucci Architects is designing the project.
Reconstruction & Renovation | Feb 18, 2021
Connecticut’s Swift Gold Leaf Factory becomes a community job incubator
Bruner/Cott Architects designed the project.
Mixed-Use | Jan 21, 2021
3XN and IttenBrechbühl to design a wooden tower in Switzerland
The project will be located in Lausanne, Switzerland.
Mixed-Use | Jan 20, 2021
Union Square’s first ground-up development in two decades completes
MBH Architects, in collaboration with Page & Turnbull, designed the project.
