CitiSquare Newark Update 01/06/22

First Phase Approved for Massive Newark Development

The Newark Planning Board has just approved the first of nine phases for an 11-building, mixed-use project, known as CitiSquare Newark. While Jersey's development boom has seen officials sign off on several ambitious projects around the state recently, the sheer scale of this one puts it in a class of its own.

Developed by Accurate Builders & Developers, the 10.5-acre site will ultimately contain 4,000 rental apartments, 200 affordable housing units, 100,000 square feet of retail space, a hotel, office space, restaurants, and parking for nearly 2,000 vehicles. 

Designed by Ian Bader Architects, the first phase of the project involves constructing two 18-story towers. These structures will be connected at the base, and contain 568 residential units combined. The units will be offered in studio, one, two, and three-bedroom configurations, with some affordable housing available as well. In addition, the towers will have around 22,000 square feet of retail space and 15,000 square feet of tenant amenities. Phase 1, just by itself,  will total a whopping 579,615 square feet.

Most of the new development will be constructed on the former site of Riverfront Stadium. Originally built in 1998, the 8-acre venue was home to the city's minor league baseball team, the Newark Bears until the team folded in 2013. The stadium was then bought by Lotus Equity Group in 2016, and eventually demolished in 2019 after early plans emerged to redevelop the property. This move became a topic of controversy among some Newark residents, who speculated that Lotus didn't actually intend to follow through with its plans anyway and that tearing the ballpark down was an unnecessary tactic meant to drive up the property's redevelopment value. To an extent, this turned out to be correct because shortly afterward, Lotus sold the site to Accurate.

CitiSquare will eventually be comprised of seven 18-story, one 19-story, and three 37-story towers. After all phases of construction are carried out, the full development will total 4.25 million square feet. Accurate plans to break ground on the project early this year, however, an estimated completion date is yet to be announced.


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