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 | Aug 17, 2020
New Sydney towers will have the world’s first AI-driven facade system
SOM and Fender Katsalidis are designing the project.
Mixed-Use | Aug 4, 2020
San Jose’s new tallest building tops out
Steinberg Hart designed the project.
Mixed-Use | Jul 27, 2020
$92 million reconstruction of St. Petersburg Municipal Pier completes
Rogers Partners, ASD | SKY, and landscape architect Ken Smith Workshop designed the project.
Mixed-Use | Jul 22, 2020
Skanska selects Pickard Chilton to design innovative office tower in Bellevue, Wash.
The 800,000-gsf mixed-use project is located at 10660 NE 8th Street.
Mixed-Use | Jul 21, 2020
Phase one of The Orbit masterplan detailed for Innisfil, Ontario
Partisans is designing the project.
Mixed-Use | Jul 20, 2020
J. Small Investments, Lyda Hill Philanthropies have unveiled plans for a 23-acre mixed-use development in Dallas
The vacant campus was purchased from ExxonMobil Oil Corporation in 2015.
Mixed-Use | Jul 17, 2020
Ryan Companies breaks ground on 122-acre Highland Bridge redevelopment in St. Paul, Minn.
The community’s goal is to provide 100% renewable energy to its houses and businesses.
Mixed-Use | Jul 15, 2020
1928 hotel reimagined as new residential and cultural hub in Merced, Calif.
Page & Turnbull designed the project.
Mixed-Use | Jul 14, 2020
Apartments and condos occupy what was once a five-story car dealership
Wisznia | Architecture+Development designed, developed, and is managing the project.
Mixed-Use | Feb 21, 2020
SB Architects to design Fort Lauderdale’s FATVillage mixed-use destination
The project will build upon the existing FATVillage Arts District.
