12 — October 2024 — New Jersey — M id A tlantic Real Estate Journal
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N ew J ersey
Reimagined campus will include ArtSide, a mixed-use, mixed-income residential complex NJPAC breaks ground on three-year, $336M campus redevelopment in Newark, NJ
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income residential complex developed by NJPAC, LMXD and MCI Collective , and planned and designed by ar- chitectural firm Skidmore Owings & Merrill . ArtSide will consist of 350 rental units (20% of which will be afford- able housing) plus retail and cultural spaces — among them a new home for Newark’s jazz public radio station, WBGO — as well as an extension of Mulberry Street, on what is now NJPAC’s Parking Lot A. The 58,000 s/f Cooperman Family Arts Education and Community Center, designed
by the architectural firm of Weiss/Manfredi , will be built on Parking Lot C and will serve as a dynamic hub where students, community part- ners, and artists can gather, learn, and create. A dynamic redesign of NJPAC’s front yard, Cham- bers Plaza, and the addition of a new space, Essex County Green, to the Arts Center’s campus, will create a four- season urban park. Landscape architecture studio Future Green created the design for the new Chambers Plaza. Newark’s OCA Architects will design renovations of 31 Mulberry St., an existing building NJPAC recently ac- quired adjacent to the site of the Cooperman Center. The building will house additional spaces for community gather- ings, plus educational and office spaces for the Arts Cen - ter. NJPAC’s eastern façade, certain interiors and loading docks will also be redesigned. “NJPAC’s campus redevel- opment is more than a con- struction project; it’s a power- ful investment in Newark’s communities and future,” said Governor Phil Murphy . “This initiative will not only provide more housing and commercial spaces, but also create vibrant cultural and educational opportunities that will enrich the lives of Newark residents for generations to come. I’m proud to support this transformative project that embodies the spirit of creativ- ity and inclusivity that is at the heart of our state.” Among the partners who have joined in the planning and development of NJPAC’s campus redevelopment are the New Jersey Economic Development Authority (NJEDA) , which granted the project’s $200M tax credits under the Transformative Aspire Program; Liberty Mutual , which committed to investing across the capital stack as both an Aspire tax credit investor and a limited partner; Citi Community Capital , which spearheaded construction lending and low- income housing tax credit investing for the project; TD Bank , which provided NJPAC with New Markets Tax Credit allocation for the Cooperman Center construction and a tax- exempt bond for other campus improvements. MAREJ
EWARK, NJ — The New Jersey Per- forming Arts Center
(NJPAC) broke ground on the $336 million redevelopment of its 12-acre campus, a trans- formative project that will bring to downtown Newark hundreds of new residences, along with shops, restaurants, new outdoor gathering spaces and a unique education and community center with profes- sional rehearsal spaces. The reimagined campus, scheduled to be completed in Fall 2027, will include ArtSide, a mixed-use, mixed-
PC: Skidmore, Owings & Merrill. Photo courtesy of NJPAC.
ArtSide: Residential & Retail. View from SW corner of Mulberry and Center Streets looking North.
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