First details on another Namdar building along Homestead Place, this time at 32-40 Cottage St. & 703-707 Newark Ave.
648 apartments, 350 bike parking.
Offices on the second and third floors, and 9,112 sq ft of retail on the first and third floors.
Current state of the sites:
Some renderings:
Some axonometric diagrams and elevations:
Some axonometric diagrams and elevations.
Understand they basically do the same exterior design so they can build these fast, but gosh wish they varied it just a little bit more. (Edit: actually looks like they want the end of Homestead to visually look like one large building, so this makes a bit more sense). Also, interesting that the abstract massing for the Homestead “End-Cap” building is clearly taller than this one. Looks around ~350ft or so. Hopefully they release some renders for that as well soon.
If you’re talking about 701 Newark, the elevations and axonometric drawings have been out for a while and it was already approved by the Planning Board last August. The height is 402 ft.
Yes that one! An update rendering would be nice. They definitely have not started on it yet. The parking lot there is still active.
Due to the income restricted units included in 701 Newark, it is not financially feasible without state funding (NJ EDA’s Aspire program). While similar projects got Aspire funding in Hoboken and Newark, I’m not so sure this one will succeed due to the recent falling out between Mayor Fulop and Phil Murphy.
We may need to wait a while for it to happen. Possibly until the next governor is in office.
this must be going up right next to it
Yes it’s next door. It’s a shame they couldn’t come to an arrangement to sell or joint venture with 38 Cottage St, which has rights to build 27 floors instead of 8 floors.
