Jersey Digs has learned that two developers are in the preliminary stages of a proposal to construct a new high-rise tower within a stone’s throw of the National Newark Building that would be the highest in Essex County if approved.
Although a source who spoke under the condition of anonymity was unable to release the exact address where this new 42-story building is being proposed, they confirmed that it would be on Broad Street in the middle of Newark’s Central Business District near the Four Corners, Prudential’s headquarters, and Military Park. It is set to contain 9,000 square feet of commercial space on the ground floor with 480 residential units on the upper floors. In addition, a rooftop amenity space would be provided for residents of the high-rise.
EXCLUSIVE: Developers Seek to Construct Newark’s Tallest Building | Jersey Digs