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Project Management

Riverfront Park

Riverfront Park, Newark, NJ
Newark CEDC is leading the development of the Riverfront Park expansion. Once completed, Riverfront Park will be two miles long and over 36 acres of parks and walkway. The park will extend from Brill Street in the East to Bridge Street in the Northwest. Design features such as a boat house and performance space are being explored. Newark CEDC is committed to bringing a world class riverfront walkway and park experience to the city of Newark.

Triangle Park

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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.

Private Development

Newark is booming! After several attempts, the development boon is finally taking root in downtown and throughout the city’s neighborhoods. In addition to longstanding anchors such as the New Jersey Performing Arts Center, Prudential Center Arena and Gateway complex, there are several major new developments that have recently opened or are currently under construction that are rapidly revitalizing the city and making it a place to live, work and play.

  • Marriott opened a new hotel in 2012 and was quickly followed by the Indigo Hotel on the same block in 2014. Currently a Tryp by Wyndham is under construction and at least three hotels are in the planning phases for the downtown.

  • Military Park has recently been refurbished and now sports a new restaurant – Burg – and half million-dollar carousel.

  • Across from the park, Prudential opened a new 22 story tour in 2015 and the renovation of the historic Hahne’s building will be home to 160 residential units, retail arcade, office space, Rutgers University and a Whole Foods.

  • Up the street, Bears Stadium has been sold to make way for over 1,000 residential units across from where Audible.com is planning an expansion to hire 350 additional employees.

  • Further south, Triangle Park will redevelop 22 acres of mostly vacant surface parking into open space and mixed-use developments.

  • At the same time, Newark CEDC is spearheading the redevelopment of the city’s riverfront park which will boast over 30 acres and two miles of walkway when completed.

Outside of downtown, Springfield Avenue marketplace is home to a brand new Shop Rite in addition to more retail and residential spaces. NCEDC is working to bring to market 30 market rate units in the James Street Historic District as well as 27 affordable housing units and gallery space for artists on Clinton Avenue. The Ironbound neighborhood is booming with small scale multi-unit buildings on Elm Street, Bruen Street, New York Ave, Polk Street and more. All this is without mentioning the transformative project on tap such as Four Corners Millennium.

Joint Ventures

Newark CEDC partners with private developers through joint venture agreements to bring critical anchor projects to the city. If you are a developer interested in a city-owned parcel, please don’t hesitate to contact us here.

Summaries of exciting projects will soon be available here. Check back often!