Newark holds topping-off ceremony for ‘Shaq Tower 2’

Newark holds topping-off ceremony for ‘Shaq Tower 2’

NEWARK, NJ — Mayor Ras J. Baraka, Gov. Phil Murphy, and partners Shaquille O’Neal and Boraie Development held the topping-off ceremony for 777 McCarter on June 13. The ceremony took place on Edison Place between McCarter Highway and Mulberry Street in Newark. Built under Newark’s inclusionary zoning, with 20 percent of the 370 apartments affordable, […]

Newark launches website to enable people to search for affordable housing

NEWARK, NJ — To address a major difficulty for people seeking affordable housing in Newark, Mayor Ras J. Baraka launched a housing locator site, www.newarkhousingsearch.com, which enables prospective tenants to find affordable housing in Newark, completely free of charge, through detailed listings. The site offers users the ability to search listings along a variety of […]

Baraka announces projects to be built under Affordable Newark initiative

NEWARK, NJ — On May 12, Newark Mayor Ras J. Baraka announced the projects that will be built under Affordable Newark, a $20 million housing initiative targeted to Newark families earning a yearly income of $32,000 or less, which is 30 percent of the area median income for a family of four, in a press […]

Redevelopment project to create affordable housing, health care clinic

Redevelopment project to create affordable housing, health care clinic

NEWARK, NJ — L+M Development Partners, Type A Projects and MSquared announced March 3 the closing on $42 million in financing for the development of 78 affordable rental apartments that will serve low- and moderate-income households in the Fairmount neighborhood of Newark in partnership with University Hospital. The project, developed under the New Jersey Housing […]

Baraka established 5-year goals to create, preserve affordable housing

NEWARK, NJ — As part of Newark’s Equitable Recovery Summer, Mayor Ras J. Baraka announced on Aug. 9 a set of affordable housing goals to guide the city’s housing and development efforts over the next five years — including the allocation of American Recovery Plan funding. He made the announcement of Newark’s five-year affordable housing […]

Baraka announces two development teams for Fairmount Commons project

Baraka announces two development teams for Fairmount Commons project

NEWARK, NJ — Mayor Ras J. Baraka announced March 3 the selection of two teams to redevelop 3.28 acres of city-owned land near the historic West Side High School in the city’s West Ward in accordance with the Fairmount Commons Redevelopment Plan. The first of the selected teams is a partnership between RPM, a New […]

East Orange senior apartments to be redeveloped

East Orange senior apartments to be redeveloped

EAST ORANGE, NJ — National affordable housing developer Community Preservation Partners announced Aug. 7 its first rehabilitation project in New Jersey: a $123 million overhaul of the Norman Towers senior apartments in East Orange in a joint venture with L+M Development Partners. CPP and L+M purchased the property for $94 million and will invest more […]