The Halo (building complex)

Last updated
The Halo (Tower 1)
Newark Halo Tower 1.jpg
The Halo (building complex)
General information
StatusTopped off
TypeResidential
Location289 Washington Street, Newark, New Jersey
Coordinates 40°44′06″N74°10′35″W / 40.734995°N 74.176315°W / 40.734995; -74.176315
Construction started2022
Completed2024 (projected)
Cost$90 million
Height
Roof454 ft (138 m)
Technical details
Floor count42
Design and construction
Architect(s)Murat Mutlu
INOA Architecture
DeveloperAcier Holdings
Main contractorHudson Meridian
Website
https://halonewark.com/

The Halo is a three-tower residential skyscraper complex under construction in Newark, New Jersey, which will include some of tallest buildings in the city. It is located on Washington Street west of Four Corners in Downtown Newark, situated between Teacher's Village and the Essex County Government Complex. The project was designed by INOA Architecture, which has also conceived other projects in Newark. The first of the three towers was topped off in 2024, becoming the 2nd tallest building in the city.

Contents

Background

The 0.621-acre (0.251 ha) site at 289-301 Washington Street was last used as a surface parking lot. It was purchased by the Acier Holdings in 2017 for between $10-$11 million. [1] Plans for construction of the Halo were announced as early as 2018. [2] The project, after having switched architects and undergone a series of concept and design changes, was approved by the city's planning board in March 2021. [3] [4] The city also approved a payment in lieu of taxes (PILOT) tax abatement for a period of thirty years in July 2023. [5] The managing contractor is Hudson Meridian. [6]

Design

View from McCarter Hwy Newark, New Jersey, South Broad St - Halo Tower 2024.jpg
View from McCarter Hwy

The complex was designed by INOA Architecture, founded by Murat Mutlu in 2010. The towers will be built atop a six-level parking podium. Rising to various heights between 454 ft (138 m) and 619 ft (189 m), they will be topped with angled crowns with parapets sloping in opposite directions. Clad in reflective glass, the towers will have asymmetric bifurcated massing with a series of ornamental voids, or cutouts, in the exterior curtain wall, cascading to outdoor terraces. Each will have variety of amenities such as gyms, event spaces, libraries, "sky lounges", and eventually in one building, a rooftop swimming pool. The complex will have has approximately 950 apartments, 20% of which will be affordable as prescribed by the city’s inclusionary zoning ordinance.

INOA is the architect of record for other residential projects in Newark: 50 Sussex Avenue in University Heights; [7] Newark Summit Tower, a 531 ft (162 m) 46-story high-rise within the Four Corners Historic District; [8] and Arc Tower, a 45-story 520 ft (158 m) high-rise between Military Park and Harriet Tubman Square. [9] [10] [11] [12]

Tower 1

View from Washington Street Halo Tower 1.jpg
View from Washington Street

Acier Holdings, the project developer, announced the receipt a $90 million construction loan from Parkview Financial to build the first of the two phase project in January 2022. [13] [14] [15]

Groundbreaking took place in Spring 2022. [16] [17] The building was topped off in February 2024. [18] At forty-two stories, with a height of 454 ft (138 m), it is the second tallest building and tallest residential building in Newark. The tower would have 303 apartments.

As of June 2024, construction has stopped on the tower. [19]

Towers 2 and 3

The second phase of the project will contain two other buildings built on the extended six-story podium: a tower of 58-stories at 619 ft (189 m) and a tower of 57-stories at 587 ft (179 m). [20]

See also

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References

  1. ↑ Wiedmann, Tom (March 16, 2021). "Proposed Halo Development Approved for Third Residential Tower". Tap into Newark. Retrieved January 10, 2024.
  2. ↑ Kofsky, Jared (July 19, 2018). "40-Story Towers Could Bring Nearly 600 Apartments to Newark". Jersey Digs. Retrieved January 10, 2024.
  3. ↑ Morris, Sebastian (March 25, 2021). "Newark City Officials Approve Three-Tower High-Rise Development at 289-301 Washington Street". New York YIMBY. Retrieved January 10, 2024.
  4. ↑ "Three-Tower Version of Newark's 'Halo' Project Approved, New Renderings Released". Jersey Digs. March 23, 2021. Retrieved January 10, 2024.
  5. ↑ Manfre, Dylan; Kadosh, Matt (July 20, 2023). "Tax Abatement for Three 40-Story Towers in Newark Approved". Tap into Newark. Retrieved January 10, 2024.
  6. ↑ "Halo – 289 Washington Street, Newark, NJ". Hudson Meridian. Retrieved January 10, 2024.
  7. ↑ Morris, Sebastian (March 19, 2023). "Developers Close on $50M for 15-Story Rental Building at 50 Sussex Avenue in Newark, New Jersey". New York Yimby. Retrieved January 10, 2024.
  8. ↑ Fry, Chris (2023-10-11). "46-Story Residential Tower Moves Forward Near Newark's Prudential Center". Jersey Digs. Retrieved January 10, 2024.
  9. ↑ Fry, Chris (2023-02-10). "Despite Historic Commission Rejection, Newark Approves 45-Story Arc Tower". Jersey Digs. Retrieved January 10, 2024.
  10. ↑ Strunsky, Steve (March 29, 2023). "Plan for Newark's tallest building clears hurdle amid complexity and controversy". NJ Advance Media for NJ.com. Retrieved January 10, 2024.
  11. ↑ Morris, Sebastian (February 9, 2023). "City Officials Approve Arc Tower at 571 Broad Street in Newark, New Jersey". New York Yimby. Retrieved January 10, 2024.
  12. ↑ "Newark's Future Tallest Tower Gets the Green Light". BLDUP. February 10, 2023. Retrieved January 10, 2024.
  13. ↑ Johnson, Amie (10 February 2022). "$90M Construction Loan Announced for The Halo, Newark". Jersey Digs. Retrieved January 10, 2024.
  14. ↑ Coen, Andrew (January 26, 2022). "Parkview Financial Lends $90M on Development of Newark, NJ Apartments" . Retrieved January 10, 2024.
  15. ↑ "Acier Holdings Scores $90M for Newark High-Rise Development". The Real Deal. January 27, 2022. Retrieved January 10, 2024.
  16. ↑ Morris, Sebastian (July 1, 2022). "Halo Three-Tower Development Breaks Ground at 289-301 Washington Street in Newark, New Jersey". New York Yimby. Retrieved January 10, 2024.
  17. ↑ "Foundation for Halo Tower I, Newark NJ". Advance Group Engineering. July 5, 2022. Retrieved January 10, 2024.
  18. ↑ Gillepsie, Max (February 7, 2024). "Halo Tower 1 Tops Out At 289-301 Washington Street In Newark, New Jersey". New York Yimby. Retrieved January 10, 2024.
  19. ↑ Fry, Chris (June 28, 2024). "Amid Lawsuits and Protests, Work Stops on 38-Story Halo in Newark". Jersey Digs. Retrieved July 8, 2024.
  20. ↑ "CPB 23-06 289-301 Washington Street". Google Drive. April 23, 2023. Retrieved January 11, 2024. via "Downtown Newark Real Estate Report First Quarter 2023" (PDF). Newark Downtown District. 2023. Retrieved January 11, 2024.
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