Real Estate

Ironside Newark to offer retail and loft-style offices a block from Penn Station

e3a5165c525e4b478d0e_Ironside1.jpg
An artists' rendering of Ironside Newark.
6330d522fc61b27e89ba_Ironside2.jpg
Newark city officials joined with Edison Properties in a ceremonial groundbreaking of Ironside Newark. Credits: Ilya Arbit
b41445c564f7dc7d01ae_Ironside3.jpg
A shot from the roof of Ironside Newark that will soon be converted into Mulberry Commons. Credits: Ilya Arbit
e3a5165c525e4b478d0e_Ironside1.jpg

After many years of sputtering along, the Mulberry Commons Park (formerly known as Triangle Park) redevelopment is now one step closer to becoming a reality.

The Warehouse building that overlooks the future site of the park is slated to become a key feature of the future recreational area with expansive retail space and a mix of loft-style and penthouse office environments.

The project is being billed as Ironside Newark.

Sign Up for E-News

The 456,000 square foot facility will feature two bottom floors of retail and restaurant facilities that will face out into the future park, while the top six floors will hold commercial areas and a glass-enclosed green area as well as access to a rooftop terrace with views of downtown Newark and New York City.

Edison Properties, the developer for the project, invited Mayor Ras Baraka and other elected officials to the groundbreaking ceremony of the project.

Michael Sommer, executive vice president of development at Edison Properties kicked off the ceremony by re-affirming Edison’s commitment to the improvement of the quality of life for Newark residents.

He touted the partnerships that have been made with local officials, organizations and businesses to assure that everything goes smoothly. Furthermore, he commended Mayor Baraka for his leadership and support of the impending development near Prudential Center.

“We are incredibly bullish about this project and about Newark today,” said Sommers. “The market overall is obviously cooperative and given the fact that we are introducing a very unique type of product - loft style office - in this location in between Penn Station and the arena, makes us really excited about what’s to come.”

The building is slated to be completed in the fall of 2018.

Robert Selsam, executive chairman of Edison Properties, said that with places like Jersey City and Hoboken seeing impressive growth with the market there becoming increasingly more competitive over the past few years, now is a great opportunity to invest in the movement to revitalize downtown Newark.

Businesses that choose to locate in Ironside Newark will also be able to take advantage of not only the strategic location, but also the expansive dark fiber network running directly underneath Newark streets.

The fiber optic cable is a cost-effective way of obtaining high-speed Internet service for future Ironside Newark tenants without having to install costly cable underground.

The developers are also pursuing a Wired Certified Platinum designation from WiredScore in the interest of attracting tech-based and creative enterprise tenants who may be looking for a new space.

Not only would the construction create potential new jobs for Newark residents, Selsam said, but it would also create jobs in the long run in the companies that become future tenants of Ironside Newark.

The assurance ought to allay some of the concerns that local residents have had about unemployment in Newark. Nonetheless, Selsam said the idea isn’t to make Newark a carbon copy of typical gentrified neighborhoods but rather integrate new development to an already vibrant city.

“Newark should be its own unique place. It’s not going to be a direct competitor to Brooklyn or Manhattan but it has got its own characteristics. It’s a self-contained city,” Selsam said. “It should be a major regional center.”

Baraka said that he expects this project to be a major catalyst in the continuing transformation of this critical downtown area, as part of his long-term vision for the future growth of Newark.

He praised Edison properties for their long-standing commitment to the city of Newark and its residents and thanked their leadership for being important partners in the realization of having Newark become a true, modern 24/7 city. The attention that Newark is getting from developers today is long overdue, the mayor said.

“We have been waiting for 30-40 years to get the kind of development to happen in our city that happens all over the country and we want it to happen in Newark,” Baraka said. “The residents are embracing it.”

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Newark

He Grew Up In James Baxter Terrace. Today, He Ushers in a Newark Condo Complex

July 19, 2018

NEWARK, NJ - Hassan Keith grew up in the city’s James Baxter Terrace public housing, and now he's come back to unveil a 24-unit condominium complex on Clinton Avenue he helped build. 

Keith teamed up with the NFL's Mike Adams to form the Mid-Atlantic Investment Alliance development company along with two others. Today, they cut the ribbon on the new Lofts at ...

Mothers Mobilize in Newark to Protest Trump Family Separation Policy

June 22, 2018

NEWARK, NJ - A group of New Jersey mothers took time to come to Newark with the kind of loved ones recently taken from other mothers: their children.

"It's unconscionable that our government is stealing children from their parents and locking them up in cages," said Christina Liu, a Montclair mom holding her baby daughter, commenting on President Donald Trump's recent ...

Market Street Patrol Building May Be Named After Late Undersheriff

June 28, 2018

NEWARK, NJ — The death of Essex County Undersheriff Kevin Ryan on June 20 was a "devastating loss" for the department and for the county’s sheriff, Armando Fontoura.

“He was like a son to me. He was always the first one on the scene. He was always there to help. It’s just devastating. There is not much more I can say," Fontoura said in a ...

Girl Scouts Heart of New Jersey Opens Camp DeWitt Conference Center and Activity Building

July 2, 2018

HILLSBOROUGH, N.J. – If you don’t know by now, Girl Scouts is much more than cookies, crafts, and summer camp.

In fact, the Girl Scouts Heart of New Jersey say they should host your next professional business conference, special event, or any other big celebration in which you are looking to seriously impress.

Look no further than Camp DeWitt in Hillsborough, the site of ...

Upcoming Events

Carousel_image_8fd7ffdcf0e8abaaca95_lincolnpark

Fri, July 27, 10:00 AM

Lincoln Park, Newark

Lincoln Park Music Festival Sustainable Health ...

Carousel_image_705db43167d2ae62207f_arjc_2018moviesunderthestars_tap1200x800

Thu, August 16, 5:00 PM

Branch Brook Park, Newark

Movies Under the Stars

To Our Current and Future Representatives

July 17, 2018

To Our Current and Future Representatives - Wherever They May Be:

We can never forget we are a nation of immigrants. 

We cannot fall prey to fear, ignorance and anger when we  have been historically driven by freedom and justice. 

We must have the courage and will to fight hate, bigotry and prejudice. 

We must not wake up to what we hoped was a bad dream and ...

A Statewide Solution on Disposable Bags Aids the Fight Against Litter

June 29, 2018

The New Jersey Clean Communities Council (NJCCC) just released the results of a year-long visual litter study that shows that nearly 10 percent of all litter on our roadways and highways is in the form of plastic and paper bags.

There is no doubt that these bags are of significant and ongoing environmental concern, creating an even more difficult job for our clean communities volunteers across ...