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Conversion of Firemen’s Insurance Building to Affordable Housing

Sector: Power Transmission • Location: Newark, New Jersey, United States

Source: Real Estate NJ – The Voice of New Jersey Commercial Real Estate

Project
Planned

The project involves converting the historic Firemen’s Insurance Building at 10 Park Place in downtown Newark into 196 residential units for lower- and moderate-income renters, along with 6,647 square feet of ground-floor commercial space. The 10-story building will be renovated with new utility systems, reconstructed floors for residential layout, new elevator cabs, and upgrades to the basement a

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The project “Conversion of Firemen’s Insurance Building to Affordable Housing” is an infrastructure initiative in the Power Transmission sector, located in Newark, New Jersey, United States. Taiyo aggregates data on it from Real Estate NJ – The Voice of New Jersey Commercial Real Estate.

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planned

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Description

Description

The project involves converting the historic Firemen’s Insurance Building at 10 Park Place in downtown Newark into 196 residential units for lower- and moderate-income renters, along with 6,647 square feet of ground-floor commercial space. The 10-story building will be renovated with new utility systems, reconstructed floors for residential layout, new elevator cabs, and upgrades to the basement and roof for resident amenities. The project is adjacent to the New Jersey Performing Arts Center and near Newark Light Rail service.

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Source reliability

High

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URL

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