Wednesday, July 6, 2016

Office Building Turned Apartment Building Nearly Open in Newark

Newark, New Jersey: The conversion of a former Downtown Newark office building into apartments is nearly complete.

For over a year, construction workers have been renovating 1225 Raymond Boulevard, also known as 127 Halsey Street, located at the northwest corner of Raymond Boulevard and Halsey Street. 

Until recently, the upper floors of the five story building were used as office space by L. J. Gonzer Associates. Now the building, owned by Paramount Assets in Elizabeth, Union County, is being called 'Halston Flats'. The building website brands it as "the high end of Newark", and states that "Halston Flats is one of multiple projects contributing to the revival and renaissance movement of the downtown Newark area". There are 16 one-bedroom and two-bedroom units inside.

According to property records, Paramount acquired the building last year for $1.5 million from Academy Street-based SKYE Management.

The Harvest Table restaurant will remain on the ground floor, and as Essex County Place first reported in April, Krauszer's will be opening a convenience store next door. Brisas Del Caribe, Postal Center, LLC, and New Hye Young Wig used to operate on the ground floor, but closed before construction on the new development began.

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