Essex County News

One Theater Square in Newark Slated to Open in 2018

600e6febe6bc1eba8f25_OTS.jpg
One Theater Square, celebrated as the city's most luxurious residential high-rise, is slated to open next year Credits: Elana Knopp
41906f68cb59b1d4b8be_OTS1.jpg
The new mixed-use buidling will include 245 apartments and 16,000 sq.-ft. of high-end retail space Credits: Elana Knopp
9494a20bdefc3bf348c3_OTS3.jpg
Developer Carl Dranoff thanked the project's partners in a topping-off ceremony atop the luxury high-rise yesterday Credits: Elana Knopp
8934f0424da42b3ee244_OTS4.jpg
One Theater Square sits directly across from NJPAC at 2 Center Street in the heart of downtown Credits: Elana Knopp
13ecac9617aba200fd3f_OTS5.jpg
NJPAC CEO John Schreiber lauded the One Theater Square project at a topping-off ceremony yesterday Credits: Elana Knopp
600e6febe6bc1eba8f25_OTS.jpg

NEWARK, NJ - September 20 marked a milestone for the City of Newark, as One Theater Square—the first new upscale residential high-rise to be built in the city since 1960—celebrated its topping-off ceremony at 2 Center Street in the heart of the city's downtown district.

Recognized as the most luxurious residential development in the city’s history, the 22-story building, located on a 1.2-acre site directly across from the New Jersey Performing Arts Center, has already begun to transform the city’s Arts district, providing jobs and boosting local businesses.

The project represents the culmination of a three-decade effort to bring a new vision of Newark to fruition.

Sign Up for E-News

The building is slated to open in the summer of 2018, with the high-rise expected be the centerpiece of a neighborhood that has grown up around NJPAC.

One Theater will be comprised of 245 studio, one, two and three-bedroom apartments, ranging in size from 585 to 1,700 square-feet. Twenty-four of the units are designated affordable housing units.

The building will include five-star amenities, including a 24-hour concierge, signature restaurant, fitness center, outdoor deck a three-story parking garage.

The ground floor will include 16,000 feet of retail space, with parameters established to limit those to upscale retailers to further enhance the neighborhood.

Newark Mayor Ras Baraka joined project developer CEO and founder of Dranoff Peoperties Carl Dranoff, NJPAC CEO John Schreiber, state and local officials, business leaders and the project’s trade and construction workers atop the high-rise for the signing of a 30-foot ceremonial steel beam by 90 workers and 50 dignitaries to be included in the structure as a time capsule honoring their combined efforts.

Special mention was made of project workers Keesha Green, a 20-year ironworker who worked on the project and was noted as the first female ironworker in her union, along with Darrel Coleman, a laborer and shop steward on the job site since the groundbreaking a year ago.

Dranoff noted the “blood, sweat and tears” of those that helped bring the project to completion.

“Today we celebrate this milestone by honoring the men and women who got us here,” Dranoff said.

Active efforts to develop One Theater Square started in 2005, with funding received at the time to help cover certain predevelopment costs.

Dranoff Properties was selected as the developer in 2008 as the result of a competitive request for proposals, with the developer working with NJPAC since that time to advance the project to completion.

 “One Theater Square draws upon our extensive experience developing large-scale residential properties in arts and cultural districts that help transform neighborhoods into vibrant communities,” Dranoff said. “The striking look of its curved glass front and 22-impressive stories signals a new era for Newark, blending its rich history with a bold, new vision for its future. With our topping off completed we look forward to opening our doors to apartment residents and retailers beginning in early summer.”

The city has seen a revitalization in recent years with the development of new and innovative mixed-use projects such as the Hahne's building and Teachers Village, with many more in the works.

Dranoff noted that the project has had steady partners throughout several administrations, beginning with former mayors Sharpe James and Cory Booker.

Baraka said that the completion of the project signified a touchdown for the city.

“This building is going to have one of the most profound impacts the city has had,” he said.

Schreiber congratulated Dranoff and his team for the innovative new development.

“Is this a great day in Newark?” he said. “As the Arts Center celebrates twenty years and almost 9,000 performances, topping off construction of One Theater Square is a glorious milestone for the bright future of NJPAC and the city of Newark."

From the beginning, NJPAC was intended to be a central element in the economic development of Newark and an active player in creating a vision for the neighborhood.

As part of an agreement with the state, it was mandated that NJPAC develop the land around the center.

Financing for the project depended partially on the state’s Urban Transit Hub Tax Credit initiative, begun under former Governor Jim McGreevy and later reconfigured under former Governor Jon Corzine, to create a program to help fund residential development.

The New Jersey Economic Opportunity Act under Governor Chris Christie was created out of three different programs that ultimately provided $33 million in tax credits for the project.

After NJPAC facilitated the acquisition of $33 million in tax credits from the New Jersey Economic Development Authority under its Urban Transit Hub Tax Credit program, the city loaned $11,830,000 to the project, primarily using proceeds of its Airport Rental Car Tax aimed at urban development.

The City and EDA have also issued a $1.5 million Redevelopment Area Bond.

New Jersey Manufacturers and Horizon Blue Cross bought the state’s $33 million in tax credits, with Prudential lending money against the tax credits to enable construction to go forward.

“A new Newark is emerging,” Dranoff said. “This is the building that Newark has been waiting for, and Newark deserves it.”

 

 

 

 

 

 

 

 

 

TAP Into Another Town's News:

Sign Up for E-News

SOMA

Maplewood Police Blotter - Man Arrested for Package Thefts

April 20, 2018

April 5 - Shoplifting; At approximately 3:15 p.m. officers responded to the Extra Supermarket on Irvington Ave on a reported shoplifter. Jean Legerme, age 21 of Newark was detained by security for attempting to leave the store without paying for several items. He was arrested, taken into custody and later released after being charged on a summons.

April 5 - Shoplifting; At ...

South Orange Police Blotter - Theft and Burglary Reported

South Orange Police Blotter as of April 19

Theft - An East Orange resident reported that on Tuesday, April 17, at approximately 9:20 a.m., actor(s) unknown stole some tools from a construction site on Valley Street. The stolen tools, valued at over $500.00 were a Makita brand drill set and electrical saw.

Burglary to Auto - An Irvington resident reported that on Thursday, April ...

41st Annual SOMA Interfaith Holocaust Service and March of Remembrance Held on Sunday

April 19, 2018

MAPLEWOOD AND SOUTH ORANGE, NJ - The 41st Annual SOMA Interfaith Holocaust Service and March of Remembrance was held on Sunday, April 15. The march assembled in Spiotta Park on Maplewood Avenue in Maplewood, and was called to order with the blowing of the shofar.

Local elected officials who attended included Maplewood Mayor Vic DeLuca, Maplewood Township Committee member Dean Dafis, and ...

Water Main Break on Baker Street in Maplewood Wednesday Morning

MAPLEWOOD, NJ - Shortly after 5 a.m. on Wednesday, Maplewood police reported receiving a call from a commuter on his way to work who noticed a small geyser of water in front of 34 Baker St., next to the driveway to the Maplewood Country Club. 

According to Maplewood police, they requested assistance from New Jersey American Water to shut off the water, but as of 7:10 a.m., ...

Upcoming Events

Mon, April 23, 7:00 PM

First Congregational Church, Guild Room, Montclair

A Healthier New Jersey: The Murphy Administration ...

Government Health & Wellness

Tue, April 24, 6:00 PM

The Venetian , Garfield

Prepared For Life Dinner with Captain Mark Kelly

Other

Tue, April 24, 7:00 PM

Millburn Free Public Library, Millburn

Lenore Raphael Presents Ellington and More at ...

Arts & Entertainment

Carousel_image_0e6824bc1f15389361ec_medicaid_ramsey

Tue, April 24, 7:00 PM

South Mountain YMCA-Civic House, Maplewood

Medicaid Q & A - Hosted by Adamson Ramsey Homes

Health & Wellness Real Estate

Academy Heights Residents: No More Valley Street Development Until Master Plan Approved

April 22, 2018

This past Thursday, April 19th, the South Orange Development Committee considered a presentation from developers regarding the All Star Motors site on Valley Street between 3rd and 4th. The proposal is for a 61 unit dormitory/boarding house for college students, with 175 beds and limited parking on a lot that is partially zoned for two-family residential. About 20 Academy Heights neighbors ...

Essex County Announces Partnership with Nine Local Charitable Organizations

April 20, 2018

WEST ORANGE, NJ – Essex County will participating in nine special partnerships to increase awareness about and help raise funds for the American Cancer Society, American Heart Association, the Arc of Essex County, the New Jersey Children Alliance, Stop for Nikhil, The Valerie Fund, the Arthritis Foundation, the Saint Barnabas Medical Center's Neonatal Intensive Care Unit and ...

Kiburi Tucker Sentenced to 38 Months in Federal Prison

NEWARK, NJ - Kiburi Tucker, a longtime friend of Newark Mayor Ras Baraka and the business partner of a Newark woman who admitted to tax evasion last year, was sentenced today to more than three years in prison for wire fraud and tax evasion, federal authorities announced. 

Kiburi D. Tucker, 43, of Newark, pleaded guilty in November before Chief U.S. District Judge Jose L. Linares after ...

Amazon Works to End Stigma of “Free and Reduced” Meals at School

April 21, 2018

FLORENCE, NJ – There is a widely unknown problem in schools all over America: a stigma among many children who are eligible for free or reduced lunch.

Rather than face the peer pressure of receiving breakfast or lunch through this federal program, many choose to remain hungry.

To help eliminate the practice, Amazon has partnered with Share our Strength’s “No Kid ...

Endangered Bog Turtle Plods Through Senate Towards Official Designation as State Reptile

TRENTON, NJ - The endangered bog turtle is one step closer to being designated New Jersey's official state reptile, following State Senate approval of legislation sponsored by Senator Kip Bateman (R-Somerset, Mercer, Middlesex, Hunterdon) and inspired by students from Princeton.

Riverside Elementary School Students Kyle Grzmala and Hayah Mian, and their teacher Mark Eastburn, joined ...

Medicaid Q & A - Hosted by Adamson Ramsey Homes

April 23, 2018

Hosted by Susie Adamson and Bonnie Ramsey, Hearth Realty Group & Bethany Joseph, LSW, MPH, Elder Care Consultant

Please join us for the next installment in the SOMA Series on Tuesday, April 24, from 7 p.m. to 9 p.m. at the South Mountain YMCA Civic House at 124 Dunnell Road in Maplewood.

Confused about Medicaid? You're not alone!

Allison Busch Vogel has been practicing Elder ...

Author Visit: Peter Golden at Millburn Library

The Millburn Free Public Library is pleased to welcome acclaimed journalist, novelist, and historian Peter Golden on Wednesday, May 2, 2018, at 7:00pm, to discuss his new book, Nothing is Forgotten.

Featuring Peter Golden’s signature “vivid characters and strong storytelling” (The Washington Post), Nothing Is Forgotten changes our understanding of the ...

South Orange Fencer and Origin Athlete Victoria Pevzner Captures Silver Medal in Poland

11 year-old fencer Victoria Pevzner placed second in the U-13 Girls’ Foil event at 2018 Challenge Wratislavia, an international youth fencing tournament in Wroclaw, Poland, March 22-26, 2018.

The 13 year-old and under’ girls foil event included over 180 competitors from the Czech Republic, Denmark, Germany, Great Britain, Hungary, Netherlands, Poland, Russia, Sweden, Ukraine and ...