One Riverview (Newark)
| One Riverview | |
|---|---|
| General information | |
| Type | Residential high-rise |
| Location | 36 Rector Street Newark, New Jersey |
| Coordinates | 40°44′25″N 74°10′01″W / 40.740169°N 74.167076°WCoordinates: 40°44′25″N 74°10′01″W / 40.740169°N 74.167076°W |
| Construction started | September 27, 2013 |
| Height | |
| Roof | 94.80 m (311.0 ft) |
| Technical details | |
| Floor count | 23 |
| Design and construction | |
| Architect | Costas Kondylis |
| References | |
One Riverview is a building under construction in Newark, New Jersey, the first market rate residential high-rise to be newly built in the city since 1962.
One Riverview is adjacent to the New Jersey Performing Arts Center (NJPAC) and adjacent to the center's education facility at 24 Rector Street in Downtown Newark. It is nearby McCarter Highway across from which is the Passaic River. The NJPAC-Center Street station of the Newark Light Rail in a block away.
One Riverview is seen as a major boost to the Newark's Living Downtown Plan, an effort to create transform Downtown from a 9–5 work place to a vibrant 24/7 community. It is one of several residential projects slated for the area around Military Park, itself recently renovated. Other projects include the adaptive re-use of the American Insurance Company Building and the former flagship department store of Hahne and Company, and the new construction of One Theater Square.
The complex will incorporate an historic six-story building that was once part of Ballantine Brewery. It was later used by Newark College, the forerunner of the Rutgers School of Law–Newark, (1930-1947) and until 2006 the city's Science High School. A new 22-story high-rise will be built adjacent to it. The building will have 169 rental units and 7,640 square feet of ground floor retail space as well 117 tenant parking spaces.
One Riverview is a collaboration by Newark native, Shaquille O'Neal and New Brunswick-based Boraie Development. The project has received a New Jersey Department of Economic Development Urban Transit Hub Tax Credit and the Municipal Council of Newark adopted a resolution for $5 million tax credit in February 2013.Goldman Sachs has provided financing, while Newark-based Prudential Financial bought re-development area bonds issued by the city. The One Riverview project initiated work in September 2013. The project is the previous location of a school and will be the first residential high-rise tower in Newark since 1962. O'Neal has stated that he plans to move into the top floor when the tower is completed and that he would like his "mother to come back here and just smile" after the project is completed.
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