Walker House

540 Broad Street, Newark, NJ 07102

Property Type:

Commercial, Mixed-Income

Number of Units:


Property Size:

440,000 SF

Completion Year:


As part of L+M continued investment in Newark, L+M acquired the 440,000 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 2019.


High Rise Redevelopment in Newark Launches Teaser Website

The name of the historic 540 Broad Street building is finally revealed.

Read More

Newark’s Revival is Finally Real

L+M’s contribution to the city’s resurgence include development of Hahne & Co., restoration of the former NJ Bell building and renovations to Georgia King Village.

Read More

Tech Nonprofit to Train Newark Residents in Sustainable Careers

Per Scholas will offer free courses at classrooms located in the historic New Jersey Bell Building at 540 Broad Street.

Read More

Art Deco N.J. Tower Getting a Makeover

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

Groundbreaking Ceremony Held at Newark's Historic 540 Broad Street Building

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.


Groundbreaking Ceremony held at Newark's Historic 540 Broad Street Building

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

Mayor Baraka and 540 Broad Street Owners LLC Break Ground on Historic NJ Bell Building Restoration

Landmarked Ralph Walker-Designed building is Development Team’s latest investment in Downtown Newark’s revitalization.

Read More

L+M Development Partners and Prudential Financial Secure Financing to Transform Newark’s Historic New Jersey Bell Building into New Mixed-Use Project

Citi Community Capital and Goldman Sachs Urban Investment Group Will Provide Construction Financing.

Read More

N.J. Bell Building in Newark to Be Redeveloped for Housing

L+M Development will convert 540 Broad St. into a mixed-use tower with office and retail space.

Read More

Development in Newark's Verizon Building to Include Affordable Housing

A local office building that will be converted into apartments is slated to contain affordable housing.

Read More