Developer Proposes to Bring 81 Units to Branford Place Building

The project falls within the city’s Living Downtown Redevelopment Plan, an initiative headed by the city to foster investment and development in downtown Newark. The goal of the plan, officials said, is to bring development into the state’s largest downtown to provide jobs, additional revenue for city services and revitalize the area.

Plans are already in motion to begin renovation of Branford Place, a property that was at the center of a legal quarrel last year when the previous owner, Islamic Society of Essex County, sold it.

Paramount officials, according to a press release from October 2021, are planning to begin what they’re calling an “extensive renovation and conversion” of the 84,000-square-foot space. The 11-story structure, once the former Chamber of Commerce building, was purchased by Paramount in December 2020.

If constructed, the project would follow a boom of development in recent years Newark’s Central Ward.

One highly anticipated development project for the Central Ward includes the construction of “Museum Parc,” which will be headed by the Newark Museum of Art. Museum officials expect the project to be a “cultural hub" that will bring 250 apartment units, retail space and a gallery to the area, and to provide an innovative space to reimagine the downtown area for residents and visitors.

Another prominent development planned for the Central Ward is the highly-anticipated CitiSquare project, otherwise known as the Newark Bears and Eagles Riverfront Stadium redevelopment project. The overall project will consist of 4,200 residential units, approximately 100,000-square-feet of commercial space, amenity space, and 1,998 parking spaces.

The application for the Branford Place project is scheduled to be heard at the Central Planning Board’s April 4 meeting. The meeting will begin at 6 p.m.

Residents can access the meeting virtually via the link here: https://NewarkNJ.zoom.us/j/87699347693.

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published this page in News and Politics 2022-03-29 03:23:29 -0700