NEWARK, NJ | Riverfront Square Megaproject | 12 ACRES | Mixed Use

The biggest redevelopment project in the Garden State just got its official renderings released. The planned redevelopment by the Lotus Group of the disused Bears Baseball Stadium in downtown Newark now includes property adjacent to the railyards, making the total size of the project 12 acres.

The plan includes America’s largest timber office complex, as well as a residential and retail component with pedestrian plazas and open space in between. On top of that a 240 room hotel is planned for projects 2nd tallest building.

The project itself will consist of three phases, with the tallest building, consisting soley of office space, to be completed in the second phase.
In total their will be 2,526 residential units, 48 live/work units, over 2.2 million square feet of office and commercial space, a 240-room hotel, 102,144 square feet of retail, and five acres of open space.

Source:
https://jerseydigs.com/riverfront-square-development-newark-renderings-revealed/

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Great find! This would be huge for Newark. I was already excited to see what they did with this space but this was more than I anticipated

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the phase 2 office tower has my interest piqued.

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Lets hope it rises soon!

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The wavy building and the rows of building blocks make this plan look like it came out of bad 1960’s urban renewal.

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I go to school in Newark and the last thing the city needs is another huge superblocks The urban design of this is just terrible. I hope the design of the individual buildings become more finalized and detailed in the coming months/years. Teachers Village on the other side of downtown is a great precedent

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Riverfront Square will stitch Newark, New Jersey’s tech corridor together

Could Newark, New Jersey, be the Northeast’s next big tech hub? It already boasts the region’s most advanced fiber-optic network and serves as home to digital giants like Audible.com, an Amazon company. No wonder it was a top contender for HQ2. Though it didn’t win the bid, one major project that’s been in planning for three years could raise the city’s status to the next level.

otus has tapped TEN Arquitectos, Michael Green Architecture, Minno & Wasko, and Practice for Architecture & Urbanism (PAU) to design individual buildings for the 12-acre site as part of a masterplan by PAU. Built out in seven phases, the project will sit atop the old Newark Bears baseball stadium, which will be demolished later this year to make way for the first housing structure, a curved linear building built over a five-story, mixed-used base clad in brick. Designed by PAU, the elongated structure will be set at the edge of Riverfront Square along the Essex Freeway.

In an interview with AN in 2017, Vishaan Chakrabarti of PAU said the city lacks a “connective tissue” to link its many cultural and educational institutions together. Riverfront Square, he said, will be a sort of “renaissance for Newark” with a focus on tech. Initial renderings reveal the first four phases of construction, which will add 1,300 workforce housing units and half-a-million square-feet of commercial office space to the site. Phase 1 of construction is set to break ground this summer.

An upcoming development in the heart of downtown Newark promises to be a vital, mixed-use community for innovative companies. Riverfront Square, envisioned by local firm Lotus Equity Group, will be built steps away from the Passaic River and feature up to 2.3 million square feet of office, residential, hospitality, cultural space, and more within the city’s burgeoning tech sector, the Broad Street Corridor.

At the core of the development will be a mass timber building, touted as the tallest of its kind in the United States, by Vancouver architect Michael Green. The 12-story office structure appears in renderings to be three separate structures, but in reality, the building features a continuous floorplate connected by a full-height atrium. With 500,000 square feet of office space, it will also include ground floor retail, a café, and restaurants to help ignite what the developers want to become a 24/7 district. It will be built on the site’s southwestern corner.

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Credit: Jersey Digs

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ugh, the developer is trying to low ball them on affordable housing units.

I’m pro redevelopment of this lot. However, I believe excluding affordable units would only serve to accelerate gentrification to a level that aggressively marginalizes the local community.

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I’ll believe when i see groundbreaking. I see so many great Newark projects get proposed just to see the thread on the project dead years later

It’s about 30 minutes to Penn Station from Broad St. station and a few blocks from Whole Foods. This site has a lot going for it. They need to reclaim the Passaic waterfront and make it a pleasant place to spend time to make it a development generator like the High Line.

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Newark slaps wage mandate on resi megaproject
Deal paves way for 4,200-unit development
:slight_smile:

The developer behind a big Newark project is playing ball with local unions.

Accurate Builders and Developers will pay union wages for its CitiSquare Newark development, NJ.com reported. In exchange, the Newark City Council approved a tax break and other financial help for the massive undertaking on the Passaic waterfront.

The council Tuesday unanimously approved an ordinance containing a property tax abatement. Also, $18 million in assistance will be spread across nine phases of the $2 billion project.

The CEO of Accurate, Jack Klugmann, attended Tuesday’s meeting but did not comment on the approval or provide further details about the project. A construction timeline hasn’t been released publicly.

The Newark Planning Board late last year approved the 11-building complex newark-takes-big-swing-with-11-building-complex/ at a site where the defunct Newark Bears onced played. The project stretches across more than eight acres.

The project’s first phase is to include two 18-story buildings connected by a one-story structure. The phase will include a restaurant, retail space, amenities and 598 homes.

The scope of the full project is vast. CitiSquare Newark will include 4,200 units, 3,000 parking spaces, wellness and co-working amenities and 100,000 square feet of commercial space, divided into office suites, retail, dining and a hotel. About 10 percent of the housing units will be affordable.

Last May, the developer scored a $395 million loan from Madison Realty Capital. Part of the loan was used to acquire properties at the site, where Lotus Equity Group once envisioned a timber residential skyscraper that never materialized.

Bears & Eagles Riverfront Stadium at 450 Broad Street was built in 1999 for $34 million, but the team struggled to draw fans and folded after 14 years. The owners put all of the assets on the market and vacated the 6,200-seat stadium, which was sold in 2016 for $23 million and razed in 2019.

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Very interesting…

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