What is the latest status of the project “Penn Plaza East Redevelopment”?

The status recorded for “Penn Plaza East Redevelopment” is planned.

What is the budget and commercial profile for the project “Penn Plaza East Redevelopment”?

Taiyo normalizes the budget of “Penn Plaza East Redevelopment” to USD 500000000.

Where can I verify the source and access all details for “Penn Plaza East Redevelopment”?

This Taiyo project page references TAPinto along with the original URL (https://www.tapinto.net/towns/newark/sections/development/articles/nj-transit-horizon-plan-redevelopment-of-penn-plaza-east-would-include-1-000-apartments-on-waterfront). Taiyo standardizes official data into a consistent, searchable project profile.

Penn Plaza East Redevelopment

Sector: Residential • Location: Newark, New Jersey, United States

Source: TAPinto

Project

Planned

Redevelopment of two landmark office buildings at 1 and 3 Penn Plaza East in downtown Newark into 1,000 apartments, retail space, and a new 250,000-square-foot headquarters for Horizon Blue Cross Blue Shield of New Jersey. The project is a two-phase mixed-use development adjacent to Newark Penn Station, aiming to contribute to economic growth and urban revitalization.

Status: Prospective
Sector: Residential, Commercial
Location: Newark, New Jersey, United States of America
Updated: 22 Jul 2026
Source: TAPinto

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Project Information

4 Q

The project “Penn Plaza East Redevelopment” is an infrastructure initiative in the Residential sector, located in Newark, New Jersey, United States. Taiyo aggregates data on it from TAPinto.

Participants

Not available for this record.

Status

Original status	planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Redevelopment of two landmark office buildings at 1 and 3 Penn Plaza East in downtown Newark into 1,000 apartments, retail space, and a new 250,000-square-foot headquarters for Horizon Blue Cross Blue Shield of New Jersey. The project is a two-phase mixed-use development adjacent to Newark Penn Station, aiming to contribute to economic growth and urban revitalization.
Original sector	Built Sector
Budget

Location

Country	United States of America (USA)
State	New Jersey
City	Newark

Source

Source	TAPinto
URL

More Details

Record type	Project
Sector	Residential, Commercial
Article published date	2025-12-05

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