Newark CEDC is excited to announce the development of 22 acres of vacant downtown Newark property to create the Triangle Park Project, connecting the Ironbound, Penn Station, and Prudential Center areas. The project will include public, open spaces, and much-desired commercial and residential units, all of which will boost Newark’s tax base. Also included in the project will be a half-mile-long footbridge providing easy access between Newark’s Peter Francisco Park in the Ironbound section of the City, Penn Station, and the Prudential Center.
The City of Newark will oversee the project, while the Newark Community Economic Development Corporation will manage the design and development of the park's public, open-space and footbridge. Edison Properties and J&L Parking Corporation will oversee development of the commercial and residential units. In February 2015, the Newark City Council unanimously passed legislation paving the way for development.