Business & Finance

Newark unveils $100 million investment near Prudential Center

35f984208297a5937b47_Mulberry-Commons_Phase-I-Axo1200x775.jpg
A rendering of Mulberry Commons.
35f984208297a5937b47_Mulberry-Commons_Phase-I-Axo1200x775.jpg

Since Prudential Center opened in October 2007, Newark officials have been promising a tantalizing bit of green space that would have stretched from Mulberry Street to a railroad trestle that crosses over Route 21.

But for the last decade, the promised Triangle Park has remained a vacant stretch of derelict blight, used mainly for parking cars.

Today, Newark officials rebranded Triangle Park as Mulberry Commons and promised a “transformative” (a favorite word of former Mayor Cory Booker) $100 million project that will turn the 22-acre parcel into a park flanked on either side by retail establishments and commercial spaces.

Sign Up for E-News

"The development of Mulberry Commons and the Mulberry Commons Park will be a major asset for the City of Newark," Mayor Ras J. Baraka gushed. "This project represents another step towards showing the best of what our City has to offer.”

Taxpayers will have to put up about 10 percent to fund the project, but Baraka promised the project would not only “enhance our tax base and boost our economy, but it will also bring jobs, commerce, housing and green space for all Newarkers to enjoy.”

Much of the land around the park is owned by parking lot magnate Jerry Gottesman, chairman of Edison Properties, who will be responsible for developing the office and retail side.

“The Mulberry Commons project is the culmination of a planning process that began in 2005,” Gottesman said. “At Edison Properties, we’re excited to continue working with the Mayor’s office and the City to move our new ‘Ironside Newark’ office and retail project forward to further the successful transformation of downtown Newark.”

One of the commercial properties will be developed by J&L Companies Inc.

“The Mayor, his team and the City Council should be commended for their efforts in getting this project off the ground,” said Jose Lopez, principal of J&L Companies, Inc. “The creation of the park, bridge connection, and the developments that will follow will usher in a new era of growth and revitalization for the area.”

The specific details of what Gottesman and Lopez will develop on their properties was not revealed.

Prudential Center, and more specifically those who attend events at the Rock, would benefit tremendously from the park and the addition of restaurants and bars.

“As Prudential Center prepares to celebrate 10 years in Newark this fall, we could not be more proud to be a part of the dramatic change that continues to take place around us,” said Hugh Weber, president of the New Jersey Devils & Prudential Center.

Anthony McMillan, CEO of the Newark Downtown District, said the park “will be highly programmed and impeccably maintained” by his organization. A pedestrian footbridge over Route 21, currently an unused railroad trestle, will connect the park to the Ironbound neighborhood.

“We look forward to giving residents, visitors, and commuters a clean, green, social environment that will essentially function as a both a shared backyard and a destination – a place to meet with friends, relax, and enjoy great events," McMillan said.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Newark

McGovern's summer renovation closing party celebrates change

June 16, 2018

It always takes a few seconds for your eyes to adjust when you walk into McGovern's Tavern in Newark, a downtown fixture since 1936.

But this Friday afternoon, there were two immediate sights that demonstrated something was different.

First, most of the photos, portraits, and articles that cover the bar's walls were removed, the relics of decades of history gone.

Second, you ...

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 ...

Newark men honored for serving as role models by the Marion P. Thomas Charter School Foundation

June 11, 2018

Newark, NJ—Three local men and one corporation received awards from the Marion P. Thomas Charter School (MPTCS) Foundation at its annual “Fathers for our Children” Awards Ceremony and Scholarship Fundraiser.

This year’s award recipients are Modia "Mo" Butler, political strategist; the late Dr. Fabian Rice of RWJ/ Barnabas Health’s ...

Essex County Undersheriff Kevin Ryan dies

June 20, 2018

Kevin Ryan, a former Assemblyman from Nutley who served as an Essex County Undersheriff, has died.

Ryan, 49, served for nearly two decades in the Essex County Sheriff's Office, rising to the rank of undersheriff. He also served a year beginning in January 2011 as State Assemblyman before redistricting changes.  

Ryan was a close confidante of Essex County Sheriff ...

Newark native releases debut single

June 22, 2018

ELIZABETH, NJ - Elizabeth resident and Newark native Gail Campbell has released a highly anticipated debut single, "Bloody Waters."

This first single for Campbell, has a Rock-N-Roll and soulful vibe and is currently available on Apple Music, Spotify, Deezer, Google Play, Tidal and all streaming services. 

The music, paired with Campbell’s soulful ...

Got junk? Rutgers students do

June 1, 2018

NEW BRUNSWICK - On a thin tripod of supports, the black charcoal grill sat on top of love seat that was half on the street, half on the curb, outside a Delafield Street apartment.

As the college year ends, and this generation of Rutgers students empty out of apartments, their well-used but now discarded remains line city curbs, and sometimes spill into ...

Newark native releases debut single

June 22, 2018

ELIZABETH, NJ - Elizabeth resident and Newark native Gail Campbell has released a highly anticipated debut single, "Bloody Waters."

This first single for Campbell, has a Rock-N-Roll and soulful vibe and is currently available on Apple Music, Spotify, Deezer, Google Play, Tidal and all streaming services. 

The music, paired with Campbell’s soulful ...

Hearing Loss Common in School-Aged Children

May 30, 2018

With close to 15% of U.S. children ages 6–19 experiencing hearing loss, New Jersey Speech-Language-Hearing Association (NJSHA) notes that May Is Better Hearing & Speech Month is the ideal time for parents to learn more about the sometimes-subtle signs of hearing loss, ways it can affect school-aged children, and where to find help.

“Some children are born ...

Ensure Safe Sleep While Traveling with Baby

June 6, 2018

As we approach the summer, there will be plenty of expected travel for families, from visiting grandma at the beach to heading out on a long, well-deserved vacation. 

When staying overnight at a friend’s or family’s place, it is important to maintain the same sleep practices as you do at home. Your baby should be sleeping in a safe, modern crib that meets the latest ...