M id A tlantic Real Estate Journal — The Best of 2018 — March 29 - April 11, 2019 — 15C The LARGEST MIXED-USE PROJECT of 2018 NJHMFA Cove on the Bay Keansburg,NJ Dranoff Properties One Theater Square Newark, NJ Keystone Property Group The Curtis Philadelphia, PA
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Type of mixed-use: 186 apartments, including 111 affordable to residents earning between 30 and 80% of area median income, and 7,000 s/f of retail and res- taurant space. Size: 292,000 SF Broker/Developer: RPM Development Group Cove on the Bay is a nine-story, mixed-use, mixed- income rental apartment complex that occupies a long vacant waterfront lot and is part of the borough’s rede- velopment. The development provides nearly 7,000 s/f of retail and restaurant space, and 186 apartments, in- cluding 111 affordable units. The complex, which has jumpstarted other area redevelopment, also includes a covered parking garage, a community amenity center, and a second-floor roof terrace. Residents have easy access to the beach, and are close to shopping, dining and recreation destinations, as well as ferry, bus and rail service.
Size: 400,000 SF Completed in 2018, One Theater Square is New- ark’s first residential high rise in 55 years. The iconic 22-story brick and glass tower has become a deci- sive symbol of Newark’s revival and an example of a successful private/non-profit collaboration. Located across the street from NJPAC, and in partnership with them, Dranoff Properties developed a sleek tower which boasts 245 apartments, including 24 affordable units, 12,000 s/f of ground floor retail and 285 parking spaces. Located conveniently near Military Park; and adjacent to the waterfront; and the City’s business dis- trict, One Theater Square embodies a bold, new vision of downtown Newark.
Size: 912,244 SF In 2018, Keystone Property Group completed its trans- formation of the historic “Curtis Center” into a mixed- use commercial destination. Keystone acquired the publishing landmark in 2014 and began repositioning it as part of a wider plan to activate the Independence Mall and Center City areas of Philadelphia. Today, it represents a true destination for Philadelphia locals and visitors alike – home to thriving office space, re- tail, public events and dining attractions, as well as The Lyndon at the Curtis - a collection of 63 high-style apartments with stunning views of Independence Mall and other area attractions.
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