NEWARK, NEW JERSEY
Work has already begun on the site at 650 Springfield Avenue in January 2022. The Groundbreaking ceremony will initiate the next phase of work on the site, leading to an eventual 76 units as well as 1,900 sq ft of ground-floor space for a non-profit organization. Pre-leasing is expected to commence Phase 1 units July of 2022. The development is looking toward the future of Newark and will transform several properties along 19th Avenue, South 16th Street, and South 17th Street into modern housing and mixed-use spaces.
The buildings will include a fitness center, business center, charging stations for Electric Vehicles, and ground floor parking spaces. 16 units will be classified as affordable housing, and market-rate rents are set to start at $1,800. Modern amenities will include touchless entry and free wifi in all common areas, online portals for maintenance and rent payments, washers and dryers in units, hardwood floors, green roofs in selected units, air conditioning, and stainless steel appliances, and more.
Rise Living’s location makes it easy to walk downtown as well as provides convenient access to restaurants, grocery stores, transportation options, and entertainment venues such as the Newark Museum, Prudential Center, and NJPAC.