{"id":769,"date":"2018-06-26T19:07:08","date_gmt":"2018-06-26T19:07:08","guid":{"rendered":"http:\/\/newarkspeaks.com\/?p=769"},"modified":"2018-07-07T17:18:01","modified_gmt":"2018-07-07T17:18:01","slug":"renderings-revealed-for-ambitious-riverfront-square-development-in-newark","status":"publish","type":"post","link":"https:\/\/newarkspeaks.com\/index.php\/2018\/06\/26\/renderings-revealed-for-ambitious-riverfront-square-development-in-newark\/","title":{"rendered":"Renderings Revealed for Ambitious Riverfront Square Development in Newark"},"content":{"rendered":"
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The planned revitalization of the former Newark Bears Stadium into a mixed-use community is arguably the biggest project in the Brick City, and the look and feel of the plan is now clearer following the release of full site renderings.<\/header>\n<\/div>\n
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The development, known as Riverfront Square, kicked off in October 2016 when a 7.5-acre tract at 450 Broad Street was\u00a0purchased\u00a0by Lotus Equity Group for $23.5 million. The company later acquired another property at 422 Broad Street adjacent to NJ Transit\u2019s rail tracks, bringing the project\u2019s total footprint to about 12 acres.<\/p>\n

\"Riverfront
Riverfront Square, Newark. Site plan courtesy Lotus Equity Group.<\/figcaption><\/figure>\n

Lotus Equity announced their intentions to tear down the former minor league baseball stadium on the site and replace it with a vision that included office buildings, residential housing, retail, pedestrian plazas, and open space. The first component they will construct resembles three buildings linked by atriums and will be America\u2019s\u00a0largest timber office complex\u00a0when completed, but the initial phase of the project will also include two residential buildings and a 2,923-space parking garage.<\/p>\n

The look of each of the residential components in the first phase could not be more different; the first utilizes a curved design, while the second features more rectangular architecture and is split up between four buildings linked by courtyards. The second phase of Riverfront Square will develop the land abutting the rail tracks into two buildings, with the tallest being slated for office use and the other for a 240-room hotel.<\/p>\n

\"Riverfront
Riverfront Square, Phase 1. Rendering courtesy Lotus Equity Group.<\/figcaption><\/figure>\n
\"Riverfront
Riverfront Square, Phase 1. Rendering courtesy Lotus Equity Group.<\/figcaption><\/figure>\n

The third and final phase of the development will consist of a tall, skinny, glass-heavy residential tower along Broad Street, almost directly next to the 494 Broad Street building. All told, the\u00a0most recent version<\/a>\u00a0of the project is set to include a total of 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.<\/p>\n

\"Riverfront
Riverfront Square, plaza area. Rendering courtesy Lotus Equity Group.<\/figcaption><\/figure>\n

The ambitious project\u00a0views itself<\/a>\u00a0as the Hudson Yards equivalent for the Garden State and seeks to be a true urban work\/play\/live development in New Jersey. Riverfront Square\u2019s buildings are designed by four different architects: Michael Green Architecture, Practice for Architecture & Urbanism, TEN Arquitectos, and Minno & Wasko. Riverfront Square is being marketed by Cushman & Wakefield and no specific timeline has been set for the commencement of construction.<\/p>\n

\"Riverfront
Riverfront Square, street view. Rendering courtesy Lotus Equity Group.<\/figcaption><\/figure>\n

The release of the development\u2019s renderings comes at a time when Newark\u2019s Downtown core has quite a bit going on; another major redevelopment at the\u00a0Westinghouse site\u00a0near Broad Street Station has recently been proposed, and projects currently under construction like\u00a0Shaq Tower\u00a0and\u00a0One Theater Square\u00a0are just blocks from Riverfront Square. Newark\u2019s\u00a0application\u00a0to lure Amazon is still in the running as a finalist, and other developments like the mixed-use\u00a0Vibe\u00a0project and the redevelopment of the\u00a0Paramount Theater\u00a0have injected some serious life into the city.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The planned revitalization of the former Newark Bears Stadium into a mixed-use community is arguably the biggest project in the Brick City, and the look and feel of the plan is now clearer following the release of full site renderings. The development, known as Riverfront Square, kicked off in October 2016 when a 7.5-acre tract […]<\/p>\n","protected":false},"author":2,"featured_media":864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":""},"categories":[13,2],"tags":[],"yoast_head":"\nRenderings Revealed for Ambitious Riverfront Square Development in Newark - NEWARK SPEAKS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newarkspeaks.com\/index.php\/2018\/06\/26\/renderings-revealed-for-ambitious-riverfront-square-development-in-newark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renderings Revealed for Ambitious Riverfront Square Development in Newark - NEWARK SPEAKS\" \/>\n<meta property=\"og:description\" content=\"The planned revitalization of the former Newark Bears Stadium into a mixed-use community is arguably the biggest project in the Brick City, and the look and feel of the plan is now clearer following the release of full site renderings. 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