Luxury condos coming to Newark
One might be forgiven for waiting on getting excited about this project after the developer’s former project, the Mulberry Street Redevelopment Project, was summarily halted in court over improper use of eminent domain.
That aside, we’re really psyched to see new construction in the city. While meeting a fellow Newarker over breakfast, I remarked that it was strange not to ever see construction cranes in Newark. Sure, they happen from time to time, but they’re not constantly around like in Jersey City or Manhattan.
Calling it the trailblazer Newark needs to move ahead, the $19.8 million residential and commercial structure on Ferry and Magazine streets will offer 67 residential units, 12 retail units and 77 parking spaces. “The Continental” is slated to be constructed by next summer.
“The beauty of this project is also the fact that it’s located in the neighborhood that needs this type of development,” said East Ward Councilman Augusto Amador. “It’s in an area that has been, to a certain extent, forgotten and now be ginning to be attractive.”
The four-story structure — a mixed use urban infill project — will feature a roof garden, private balconies and a state-of-the-art exercise room, said Dean Marchetto, the project’s architect and designer.
For more information about the Continental, check out the project website at ferrystreetcondos.com.