Construction is starting to wrap up at One Theater Square, the 22-story mixed-use building at 2 Center Street in Downtown Newark. Last week, Jersey Digs got a look inside the high-rise, which will include 245 units, conference rooms, a business center, a substation for the Newark Police Department (NPD) along Park Place, and 13,111 square feet of first-floor retail space near the corner of Mulberry Street. There is also a private garage with 285 parking spaces on the premises, which are situated opposite the New Jersey Performing Arts Center (NJPAC) and across Park Place from Military Park.
Theatre Square Development Company, LLC
NJPAC and Dranoff Properties, Inc. of Philadelphia have signed a Letter of Intent for the development of One Theater Square, a mixed-use residential and retail project. The new 1.2 acre, 21-story, mixed-use residential building will be built adjacent to NJPAC. It is envisioned to have 244 residential units, as well as a swimming pool, health club, street-level retail and ample parking to serve the shared needs of the residential community as well as those of NJPAC’s audiences and daytime commercial demand.
In 2011, the Theater Square Development Company was created to focus specifically on the Arts Center’s development projects. NJPAC Founding CEO Lawrence P. Goldman headed up this effort, which is now led by NJPAC President and CEO, John Schreiber.
Dranoff Properties, Inc. commenced leasing at One Theater Square (2 Center Street), Newark’s much-anticipated 22-story glass and brick skyscraper directly across from New Jersey Performing Arts Center (NJPAC) and Military Park. Three-onsite designer decorated model apartments and the handsomely appointed lobby are available to view daily. New residents will move in starting July 16, 2018.
John Schreiber, NJPAC President and CEO, to Lead Theater Square Development Company: Lawrence P. Goldman Named Distinguished Practitioner in Residence at Rutgers School of Public Affairs and Administration
NJPAC announces leadership changes at Theater Square Development Company as NJEDA approves $33 million in Tax Credits for One Theater Square project