Move front and center
One Theater Square’s leasing office just hung the “OPEN” sign.
“In residence” is about to take on a new meaning at NJPAC.
One Theater Square developer Dranoff Properties, Inc. has begun leasing apartments at the skyscraper it built in partnership with NJPAC and the City of Newark, directly opposite the
Arts Center at 2 Center Street. The 22-story glass and brick structure, which is appointed with 245 units, has opened three designer-decorated model apartments and a handsome lobby, all available to view daily. Residents will move in starting July 16, 2018.
“With everything for life, work and play just steps away, One Theater Square embodies a bold, new vision of downtown Newark,” said Carl Dranoff, CEO of Dranoff Properties. The top of the line studios and apartments in one-, two- and three-bedroom models, most with balconies, are designed to appeal to a variety of tastes and budgets and rival living options in Jersey City, Hoboken, Manhattan and Brooklyn.
Market-rate apartments will rent from $1,775 to $4,100 monthly and range from 504 square feet to 1,604 square feet.
Dranoff Properties is nationally recognized for its award-winning interiors, open and spacious floor plans, and five-star amenities, all evident at One Theater Square. Gourmet kitchens feature stainless steel appliances and granite countertops and the living spaces boast plank floors, high ceilings, ample storage and large windows to take in views of Military Park, downtown Newark and the Manhattan skyline.
Amenities include a lobby attended by a 24-hour concierge, spacious club room with demonstration kitchen, billiards room with private terrace, state-of-the-art fitness center and yoga room, and expansive outdoor entertainment space with soft seating, TVs and outdoor fire pits.
There is an attended 285-car garage with dedicated bicycle storage, and 12,000 square feet of high-end shops and restaurants planned for the ground level, along with a neighborhood police substation. The city’s light rail, and NJ Transit and Amtrak rail lines all are within a short walk; the trip to Manhattan takes less than 20 minutes and Newark Liberty International Airport is 12 minutes by car.
“One Theater Square’s mix of market rate and affordable units provides a fair opportunity for all Newark residents who wish to make this remarkable building their new home,” said John Schreiber, NJPAC’s President and CEO.
Recognizing Newark’s need for affordable housing, 24 of the 245 apartments will be leased to income-qualifying candidates. The affordable units range from $738 to $771 monthly for studio and one-bedroom units. Guidelines, applications and lottery details are available at HousingQuest.com or by calling (609) 786-1100 (select 5). Preference will be given to applicants who currently reside in Newark.
The leasing office is open weekdays from 10am to 6pm, Saturdays from 10am to 5pm, and Sundays from noon to 5pm. For more information, visit onetheatersquare.com or call (973) 295-9900.
June 6, 2018