NJPAC hopes new high-rise will revitalize Newark

Posted on: May 6, 2010

In Thursday’s (5/6) Star-Ledger (Newark, New Jersey), Peggy McGlone writes, “The New Jersey Performing Arts Center publicly unveiled plans for an ambitious high-rise building in Newark today. For the fourth time. Sharing the stage with Gov. Chris Christie and Newark Mayor Cory Booker, NJPAC officials showed off the latest design—and new name—of the estimated $190 million mixed-use high-rise to be built across Center Street from NJPAC in downtown Newark. … Renamed One Theatre Square, the project is a collaboration between NJPAC and Dranoff Properties. … The New Jersey Economic Development Authority approved $38 million in Urban Transit tax credits over 10 years, a commitment [NJPAC President and CEO Lawrence P.] Goldman described as ‘a rocket booster.’ … The economic recovery of Newark has been a part of NJPAC’s mission since it opened in 1997. The nonprofit corporation has 12 acres surrounding Theatre Square, the grass and brick plaza that serves as its outdoor lobby. It plans to develop them into a vibrant neighborhood. The proposed 44-story building is the first step. Rising 480 feet, the curvy glass tower designed by BLT Architects of Philadelphia will be the tallest building in the city.”

Posted May 6, 2010