NEWARK | 930 McCarter | FT | 25 FLOORS

New York Under Construction
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Apologies for the paywall. The project was awarded $90M in tax credits.

https://product.costar.com/home/news/334074684

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Cranes are up. Screenshots via R/Newark

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Credit: NewNewark

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New rendering.

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Credit: 930 McCarter Highway Construction Projects - Newark, NJ | BLDUP

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Extra document:

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Screenshots from R/Newark

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That building has a huge parking deck. It’s astonishing that it is so close to the light rail and connections to other transit yet has a parking deck that is about as long as the building is tall. Also, 1/2 of Newark is comprised of parking lots.

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$90M in tax credits is $272k per unit…a jaw dropping number.

Not sure any of these projects in Newark could happen without huge subsidies.

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I saw this from the train yesterday and wondered what it was. Thanks. :slightly_smiling_face:

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https://www.reddit.com/r/Newark/comments/1i93jc8/930_mccarter_hwy_facade_change/#lightbox

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