Thursday, July 14, 2016

New Building Planned for Vacant Newark Lot

Newark, New Jersey: For decades, Springfield Avenue in Newark has been lined with vacant lots. However, a new building could rise at one lot in the Central Ward. 

According to a legal notice from the Newark Central Planning Board, a new mixed-use building has been proposed for the lot which extends from 350 Springfield Avenue, between Hunterdon Street and Bergen Street, back to 24 16th Avenue. The property is located between a TD Bank and a check cashing business, and the notice states that Aly H. Aly of Hayatt, Inc. is planning to have commercial space on the first floor and two residential units each on the second and third floors.

This development comes after the City of Newark filed suit against Hayatt in January for "running afoul of their contract by failing to move forward with a commercial and residential project that was proposed for properties once under the city's ownership", according to Law360.

The Newark Central Planning Board will hear the proposal at City Hall on Monday, July 25th at 6:30pm.

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