Fairstead and LIHC Investment Group announced a new ground-up development proposal for a mixed-income building at Essex Plaza in Newark. The six-story, 365,000-square-foot proposed development would consist of 241 rental apartments, ground-floor commercial and amenity space, and underground parking.
The development would be built as part of New Jersey’s Clean Energy Program, taking a whole-building approach to saving energy with a tailored energy reduction plan to promote efficiency and sustainability.
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