NEW YORK, Dec. 27, 2016 /PRNewswire/ -- Hunter Roberts Construction Group (Hunter Roberts) is pleased to announce the firm has begun work on One Theater Square, a luxury high-rise just steps away from The New Jersey Performing Arts Center. The company began work this fall and expect to have the first turnover of residential units summer 2018. Consisting of 245 rental units, 12,000 square feet of retail space and 285 parking spaces, the dynamic new building is set to redefine Newark's skyline with a curving 22-story glassed tower.
High Rise Development to Expand the Area's Luxury Rental Market
As one of three developments in the area, One Theater Square answers to the city's vision of expanding the luxury rental market. The close proximity to the train station makes it highly accessible for commuters. Due to the downtown urban location, the Hunter Roberts project team will need to complete construction without disrupting its neighbors, which includes New Jersey Performing Arts Center (NJPAC) and Military Park.
Hunter Roberts' Experience Leads to Further Developments in the Area
Hunter Roberts was ultimately selected for the project based on the firm's long-standing relationship with Dranoff Properties, the developer of the One Theater Square project, and its experience developing three other projects of similar scale in the area; these projects include the Lincoln Towers affordable housing complex for seniors, a recreation and training center for the New Jersey Housing Authority, and a new K-12 school developed by Uncommon Schools.
"There's a lot of positive energy for redevelopment," said Daniel Dirscherl, Executive Vice President at Hunter Roberts. "One Theater Square provides the opportunity to create an urban lifestyle destination that is only part of a larger vision to shape the new downtown Newark, and Hunter Roberts is proud to be an integral part of this process."
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SOURCE Hunter Roberts Construction Group