This was apparently approved at yesterdays meeting.
200-204-206-208 Market Street
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Love the design, especially the base
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Newark is getting some really interesting towers! Glad to see unique and modern towers rising in NJ
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46-Story Residential Tower Moves Forward Near Newark’s Prudential Center
A stretch of Downtown Newark that is mostly known for historic buildings could soon be home to a modern sky-high apartment complex. The project would rise just steps from one of New Jersey’s most prominent entertainment venues and has recently taken a step forward.
KS Group, a local developer with several Newark projects in the pipeline, recently released some images of what would amount to their largest endeavor yet. The company has big plans for several plots of land at 200-206 Market Street, which are currently home to older structures that have sat vacant for at least two decades.
The properties are directly north of the Prudential Center and located within the Four Corner Historic District, which is listed on both state and federal designations. The company envisions a project they are calling The Newark Summit Tower on the plots, which would require demolition of the existing buildings.
Details on the project emerged during a meeting of Newark’s Landmark & Historic Preservation Commission on October 4. The committee issued the green light to begin demolition work at the property, which includes much of a current surface parking lot on neighboring Edison Place.
Newark Summit Tower is listed as “in planning” on the KS Group’s website and is designed by INOA Architecture, a firm that has worked on several other prominent Newark developments including Halo.
The first two floors of Newark Summit Tower would feature retail space under the current proposal, with the next two stories set to consist of a parking garage with 136 spaces. The remainder of the project would include 579 residential units plus amenity spaces on the 4th floor and the rooftop.
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