Newark, New Jersey: A residential building that has stood in Newark for close to a century will be revitalized.
For at least a decade, the five-story apartment building at 312-314 Mount Prospect Avenue in Newark's North Ward, between 2nd Avenue and 3rd Avenue, sat abandoned, despite its location close to Branch Brook Park, Forest Hill, and Bloomfield Avenue. The structure eventually became City property, with 'no trespassing' signs, overgrown weeds, and boarded up windows on the premises.
However, in August 2016, IBN Construction Corporation acquired the building from the City of Newark for $105,000, and now has big plans for the property. According to a legal notice, the company will rehabilitate the existing building in order to restore its 13 units, and then will expand the structure to add 11 additional units. 12 of the units will contain one bedroom, while the other 12 will contain two bedrooms, according to public records. Martha Brazoban of M.B. Architectural Design and Consulting, LLC is listed with the City as the project architect and engineer.
IBN's application for Preliminary and Final Site Plan Approval with variances for insufficient lot width, rear year, and facade transparency parking, plus excessive lot coverage by buildings and fence height, was approved with conditions by the Newark Central Planning Board during its meeting on February 27th.
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