540 Broad Street, Newark, NJ 07102
As part of L+M continued investment in Newark, L+M acquired the over 400,000 square foot building, and historic home to NJ Bell (subsequently, Verizon) at 540 Broad Street. Built in the 1920’s and a great representative design of architect Ralph Walker, this building, with its grand lobby and distinctive façade, is to be adaptively reused to support 265 mixed-income apartments, offices and ground floor retail spaces. Having acquired the property in May 2016 in a partnership with Prudential Financial, L+M looks to deliver for initial residential occupancy by late 2018.
Designed by famed architect Ralph Thomas Walker and known for its majestic lobby and brick-and-sandstone exterior, the building is being renovated by L+M Development in Newark.Read More
The renovation will bring mixed-income housing and more than 80,000 square feet of Class A office and retail space to the landmark 21-story building.Watch
The 21-story building will include mixed-income housing and more than 80,000 square feet of Class A office and retail space.Read More
Landmarked Ralph Walker-Designed building is Development Team’s latest investment in Downtown Newark’s revitalization.Read More
Citi Community Capital and Goldman Sachs Urban Investment Group Will Provide Construction Financing.Read More
L+M Development will convert 540 Broad St. into a mixed-use tower with office and retail space.Read More