A MORE PROSPEROUS CITY
Economic Development Projects In Pipeline Soar to $1.5 Billion Since 1875, Prudential Financial has called Newark its home. The company hosted the official grand opening of its 20-story, $444-million office tower this fall.
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he City of Newark had over $1 billion dollars in projects under construction in 2011, 2012 and 2013. Today, the City has approximately $1.5 billion in additional projects moving forward in the pipeline. OFFICE PROJECTS MORE THAN HALF COMPLETE •• Prudential: 650,000 Sq. ft. (95% complete) •• Cablevision: 73,000 Sq. ft. (90% complete) •• Biotrial: 70,000 Sq. ft. R&D facility (50% complete) HOTEL PROJECTS SLATED TO OPEN BY 2017 •• Ironbound Hotel 94 rooms •• Home2 Hilton 115 rooms •• TRYP by Wyndham Hotel 100 rooms •• Homewood Suites 110 rooms •• Eurostar Newark 100 rooms
400,000 SQUARE FEET OF CONSTRUCTION MOVING FORWARD DOWNTOWN
50,000Sq. ft.
4 Corners Millennium
30,000Sq. ft.
Baxter Terrace, Phase 2
8,000Sq. ft.
Downtown Partners, I & II
70,000Sq. ft.
NJIT, Phase 2 (MLK Gateway Project)
8,000Sq. ft.
One Riverview at Rector Street
15,000Sq. ft.
One Theater Square
20,000 Sq. ft. Prudential 145,000Sq. ft.
Springfield Marketplace As part of the redevelopment boom in the Military Park section of Newark’s downtown, Nike opened a factory store in the fall.
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30,000Sq. ft.
Washington Park Tower
City of Newark • September 2015
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