Richardson Building Lofts: Adaptive Green Reuse in Newark

This 6-story, $17 million restoration of former factory space is a 10-minute walk from Newark Penn Station and will pursue a LEED Silver rating from USGBC.

Newwork Real Estate is a Newark, New Jersey-based real estate developer currently focusing on adaptive reuse projects in the Newark area. It recently hired New Brunswick-based Tekton Development to perform general contracting services for the Richardson Building Lofts, a 6-story, 66,000-square-foot conversion of a former jewelry factory into 67 residential rental lofts. The property is located at 50-60 Columbia Street, just south of both Newark Penn Station and the Prudential Center (Newwork calls it a ten minute walk) and dates from 1912.

Newwork is seeking a LEED Silver rating for the $17 million project, which will incorporate a number of interesting green design features. Tekton will restore the building’s original brick and is repurposing its original fire escapes into private balconies for each unit. In addition to efficient HVAC and lighting systems, interior walls will be prefabricated and the building’s original cement floors refinished. A 2-story addition (for duplex units) will top the building out at 8 stories and include a green roof with, perhaps, according, to Newwork managing principal Michael Saltzman, a vegetable farm. From the roof, tenants will have sweeping views of both the Newark and Manhattan skylines.

Units will range in size from 750 to 1300 square feet and the project should be completed by September. We’re rooting hard for more of these types of projects in places like Newark, which have great bones in terms of mass transit access and older building stock that’s primed for similar renovations.

about gbNYC

gbNYC is a multi-disciplinary consulting and real estate services firm. In addition to representing office tenants and commercial buyers in leasing and acquisitions, we also provide innovative consulting solutions from a unique, green building perspective. We advise on green building financial incentives, comment on proposed green building marketing strategies, author white papers, treatises, and market analyses, organize seminars on the LEED process and professional accreditation, and provide advice and analysis on green building risk management and the overall state of green real estate, leasing, and construction, in New York City and beyond.

Our blog, the gbNYC+ journal of real estate, law, + sustainability, delivers consistent, original content - from a New York City perspective - on how technology, data, and sustainability are changing how we interact with our built environment. Subscribe below and receive new articles as they're published or connect with our social media presence to join our ongoing conversation about real estate and sustainability, in the Big Apple and beyond. Contact us at (201) 835-8530 or info@gbNYC.com for more information about our services and to discuss how we can assist you.

, , , , ,

No comments yet.