50 Rector Park | |
---|---|
General information | |
Status | Completed |
Type | luxury high rise apartments |
Location | 50 Rector Street Newark, New Jersey |
Coordinates | 40°44′25″N74°10′01″W / 40.740169°N 74.167076°W |
Construction started | 2017 (construction start) |
Completed | June 14, 2019 |
Opening | June 2019 |
Cost | $79 million USD |
Management | Boraie Development |
Height | |
Antenna spire | no |
Roof | 90.25 m (296.1 ft) |
Technical details | |
Floor count | 22 |
Lifts/elevators | 4 |
Design and construction | |
Architect(s) | Costas Kondylis |
Developer | Boraie Development |
Website | |
https://www.50rectorpark.com/ | |
References | |
[1] [2] [3] [4] |
50 Rector Park is an apartment building in Newark, New Jersey, the first market rate residential high-rise to be newly built in the city since 1962. Originally called One Riverview and later 1 Rector Street, there was a groundbreaking in 2013, but construction did not begin at the site until the spring of 2017. It was topped out in April 2018 and opened June 2019. [5]
50 Rector Park is adjacent to the New Jersey Performing Arts Center (NJPAC) and next to the center's education facility at 24 Rector Street in Downtown Newark. It is near McCarter Highway, across from which is Newark Riverfront Park on the Passaic River. The NJPAC-Center Street station of the Newark Light Rail is a block away; Newark Penn Station is a few short blocks away.
The building is seen as a major boost to the Newark's Living Downtown Plan, [6] an effort to create transform Downtown from a 9–5 work place to a vibrant 24/7 community. It is one of several residential projects slated for the area around a renovated Military Park and nearby Washington Park. Other projects include the adaptive re-use of the American Insurance Company Building, the former flagship department store of Hahne and Company, the New Jersey Bell Headquarters Building, and the new construction of One Theater Square, among others.
The complex was originally planned to incorporate an historic six-story building that was once part of Ballantine Brewery. [7] It was later used by the University of Newark then two years later the NJ Law School joined, becoming Rutgers School of Law [8] and until 2006 the city's Science High School.
A new 26-story high-rise was to be built adjacent to it, incorporating the landmark, but the brewery/school building was eventually demolished. [9] [10] The new building has 169 rental units and 7,640 square feet of ground floor retail space as well 117 tenant parking spaces. [11]
50 Rector Park is a collaboration by Newark native Shaquille O'Neal and New Brunswick-based Boraie Development. [12] [13] The project received a New Jersey Economic Development Authority Urban Transit Hub Tax Credit and the Municipal Council of Newark adopted a resolution for $5 million tax credit in February 2013. [14] [15] Goldman Sachs has provided financing, while Newark-based Prudential Financial bought re-development area bonds issued by the city. The One Riverview project initiated work in September 2013. [2] [3] [4] O'Neal has stated that he plans to move into the top floor when the tower is completed and that he would then like his "mother to come back here and just smile". [16] [17]
Newark is the most populous city in the U.S. state of New Jersey, the county seat of Essex County, and a principal city of the New York metropolitan area. As of the 2020 census, the city's population was 311,549. The Population Estimates Program calculated a population of 304,960 for 2023, making it the 66th-most populous municipality in the nation.
Shaquille Rashaun O'Neal, known commonly as Shaq, is an American former professional basketball player who is a sports analyst on the television program Inside the NBA. He is a 7-foot-1-inch (2.16 m) and 325-pound (147 kg) center who played for six teams over his 19-year career in the National Basketball Association (NBA) and is a four-time NBA champion. O'Neal is regarded as one of the greatest basketball players and centers of all time.
Downtown Newark is the central business district of Newark in Essex County, in the U.S. state of New Jersey.
The New Jersey Performing Arts Center (NJPAC), in Downtown Newark in Newark, New Jersey, is one of the largest performing arts centers in the United States. Home to the New Jersey Symphony Orchestra (NJSO), more than nine million visitors have visited the center since it opened in October 1997 on the site of the former Military Park Hotel.
Science Park High School, formerly known as Science High School, is a magnet public high school located in the University Heights section of Newark in Essex County, in the U.S. state of New Jersey. The school opened in 1974 and serves students in seventh through twelfth grades as part of the Newark Public Schools. The school is for college-bound students, offering many Advanced Placement equally rigorous honors courses and as of the 2013-14 school year, IB classes to those who choose to apply.
New Brunswick is an active commuter railroad train station in the city of New Brunswick, Middlesex County, New Jersey, United States. The station services trains of New Jersey Transit's Northeast Corridor Line and Amtrak's Keystone Service and Northeast Regional. For New Jersey Transit trains, the next station to the southwest is Jersey Avenue, while the next station to the northeast is Edison. For Amtrak services, the next station southwest is Princeton Junction, the next station to the northeast is Metropark. The station consists of two handicap-accessible side platforms surrounding the four tracks.
Harriet Tubman Square station is a light rail station on the Newark Light Rail's Broad Street Extension. It is located in Downtown Newark, New Jersey, United States, on the southbound side of Broad Street between Bridge and Lombardy Streets adjacent to Washington Park. The station only serves trains in the southbound direction, the nearby Atlantic Street station is served by northbound trains. It is directly across from the headquarters of IDT Corporation and 1 Washington Park and during the afternoon rush hour carries many outgoing commuters from these buildings to Newark Penn Station.
Downtown Paterson is the main commercial district of Paterson, Passaic County, in the U.S. state of New Jersey. The area is the oldest part of the city, along the banks of the Passaic River and its Great Falls. It is roughly bounded by Interstate 80, Garret Mountain Reservation, Route 19, Oliver Street, and Spruce Street on the south; the Passaic River, West Broadway, Cliff Street, North 3rd Street, Haledon Avenue, and the borough of Prospect Park on the west; and the Passaic River also to the north.
Military Park is a 6-acre (24,000 m2) city park in Downtown Newark in Newark, New Jersey. Along with Lincoln Park and Washington Park, it makes up the three downtown parks in Newark that were laid out in the colonial era. It is a nearly triangular park located between Park Place, Rector Street and Broad Street.
One Theater Square is a mixed-use building in Newark, New Jersey. It is located across from Military Park and the New Jersey Performing Arts Center, which inspired its name. Completed in 2018, it includes the first newly-constructed high rise apartment building to be built in the city in more than fifty years. It was designed by BLT Architects.
Penn Plaza East is an office building complex located near Penn Station in Newark, New Jersey. Fronting Raymond Boulevard on the banks of the Passaic River, the two office building complex were constructed during a period in the late 1980s and early 1990s when they and numerous postmodern skyscrapers were built near the station and Gateway Center. While others went up between the station and traditional Downtown Newark, Penn Plaza East is on the Ironbound, or east, side of the major transportation hub. The two towers sit above a four-story parking facility and lobby that joins them. An additional parking area in the shadow of the Dock Bridge will be developed as part of Newark Riverfront Park, a promenade along the banks of the Passaic River.
The Four Corners Historic District is the intersection of Broad and Market Streets in Newark, New Jersey. It is the site of the city's earliest settlement and the heart of Downtown Newark that at one time was considered the busiest intersection in the United States. The area that radiates twenty-two square blocks from the crossroads is a state and federal historic district.
Prudential Financial is based in Newark, New Jersey. It began as The Widows and Orphans Friendly Society in 1875, and for a short time it was called the Prudential Friendly Society. For many years after 1877 it was known as the Prudential Insurance Company of America, a name still widely in use. The company has constructed a number of buildings to house its offices in downtown in the Four Corners district. In addition to its own offices, the corporation has financed large projects in the city, including Gateway Center and Prudential Center. Prudential has over 5,000 employees in the city.
The American Insurance Company Building is one of the oldest and tallest skyscrapers in Newark, Essex County, New Jersey, United States. Located at 15 Washington Street on Washington Park it was once headquarters for the American Insurance Company and is now part of Rutgers University. The neo-classical tower is a contributing property to the James Street Commons Historic District which also encompasses Washington Park, Newark Museum, and Newark Public Library. It re-opened in November 2015 as student dorms, event space, and chancellor's apartment. In 2023 it was renamed in honor of Ruth Bader Ginsburg.
Mulberry Commons is an urban square and public park in Newark, New Jersey that opened in 2019. The Mulberry Commons Pedestrian Bridge broke ground in 2023.
Newark Riverfront Park is a park and promenade being developed in phases along the Passaic River in Newark, New Jersey, United States. It is part of the Essex County Park System. The park, expected to be 3 miles (4.8 km) long and encompass 30.5 acres (12.3 ha), is being created from brownfield and greyfield sites along the river, which itself is a Superfund site due to decades of pollution. It will follow the river between the Ironbound section along Raymond Boulevard and Downtown Newark along McCarter Highway. Announced in 1999, a groundbreaking took place in 2008, and the first phase of the park opened in 2012. It was the first time residents of the largest city in New Jersey have ever had public access to the river. Other segments of the park have subsequently opened, while others are being developed. The East Coast Greenway uses paths and roads along the park.
Halsey Street is a north-south street in Downtown Newark, New Jersey, which runs between and parallel to Broad Street and Washington Street. Halsey Street passes through the four of city's historic districts: James Street Commons at the north, the abutting Military Park and Four Corners and, after a two block break, Lincoln Park at the south.
Teachers Village is a neighborhood centered around Halsey Street in Newark, New Jersey. It is located in Downtown Newark in southwest quadrant of the Four Corners Historic District, south of Market Street (SoMa) in the Central Ward between the Prudential Center and Springfield/Belmont.
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: CS1 maint: unfit URL (link)Downtown Newark is the largest downtown in the state of New Jersey. Its assets include nearly 50,000 office workers, the headquarters of five major corporations, five university campuses with nearly 50,000 students and faculty, two hospital campuses, one of the best public transit systems in the nation among mid-sized cities, and important sports, cultural, and entertainment destinations...In 2000, the daytime population of Newark was estimated at over 330,000, including a workforce of 47,000 people within one half-mile of the intersection of Broad and Market Streets, Newark's legendary Four Corners.
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