NEWARK, NJ — L+M Development Partners, Prudential Financial Inc. and Goldman Sachs Urban Investment Group today announced that the 263 residences at Walker House are now more than half leased.
Walker House is the historic 21-story home of NJ Bell at 540 Broad St. in the heart of Downtown Newark.
Walker House opened in June, and includes studios through three-bedrooms starting at $1,845 with one month free on a 13-month lease. Each residence includes stainless steel appliances, solid quartz countertops, full-height porcelain backsplashes, and in-home washers and dryers. Select homes include private terraces.
"With Newark's first rock climbing gym and the best brewery in town opening in the next few months, Walker House is quickly becoming one of Downtown's most sought-after addresses," said Sam Chapin, associate director at L+M Development Partners.
The restoration of the site designed by famed architect Ralph Thomas Walker included the renovation of its majestic lobby and brick-and-sandstone exterior, both of which were added to the U.S. National Register of Historic Places in 2005.
The building’s top floor is dedicated to resident amenities, a state-of-the-art fitness center and yoga studio, a library lounge, private catering kitchen, dining room and a game room. The amenity floor features a rooftop terrace with outdoor seating and dining. The pet-friendly, smoke-free building also includes bicycle storage, resident storage, a 24/7 doorman and a porte-cochere on Atlantic Street.
Walker House will also include a number of commercial and retail tenants, which will begin opening their doors this month. Newark Local Beer, a craft brewery and taproom, will open on the ground floor this spring, along with Bada Bean Cawfee. Method Climbing, the first indoor rock-climbing gym in Newark, will also be opening in the coming months on the ground floor and lower level. A UPS Store will also be located on the ground floor. In April, Walker House welcomed Per Scholas, the nationally-renowned tech training non-profit, to its office space.
The project fronts Washington Park and is across the park from the Newark Museum of Art. It also sits three blocks from the New Jersey Performing Arts Center and Express Newark, Rutgers University-Newark’s Arts incubator.