Since bidding adieu to the minor league Newark Bears baseball team in 2013, Bears Stadium has been left vacant. The 6,200-seat stadium sits on eight acres adjacent to the waterfront and a short walk away from NJ Transit’s Broad Street station, which is accessible to Midtown Manhattan in 18 minutes.
In 2016, Lotus Equity Group purchased the stadium for $23 million with plans to redevelop the site into a 24/7 live-work-play community. The project will create up to 2,000 residential units, 400,000 sf of office space, large- and small-scale retail, and cultural and public open space in the emerging Broad Street Station section of downtown Newark.
Recently, Lotus Equity Group announced a team of four architecture firms that will be working on the project. The team includes Practice for Architecture and Urbanism, Michael Green Architecture, TEN Arquitectos, and Minno & Wasko Architects and Planners.
“When designing this site, it was important to us that our approach be focused on community engagement, inclusion, and transparency,” says Ben Korman, Chief Executive Officer and Founder of Lotus Equity Group, in a release. “We chose a team of architects that will not only create beautiful buildings, but also shares our commitment to urban planning and design that will thoughtfully support the urban renewal of Newark’s Central Ward.”
The project’s first phase of development is currently underway.
Related Stories
Mixed-Use | Oct 7, 2024
New mixed-use tower by Studio Gang completes first phase of San Francisco waterfront redevelopment
Construction was recently completed on Verde, a new mixed-use tower along the San Francisco waterfront, marking the end of the first phase of the Mission Rock development. Verde is the fourth and final building of phase one of the 28-acre project that will be constructed in several phases guided by design principles developed by a design cohort led by Studio Gang.
Affordable Housing | Oct 4, 2024
3 new affordable housing projects for October 2024
As affordable housing continues to grow, more projects are looking to diversify their footprint by adding mixed-use components, community areas, and more.
Mixed-Use | Sep 19, 2024
A Toronto development will transform a 32-acre shopping center site into a mixed-use urban neighborhood
Toronto developers Mattamy Homes and QuadReal Property Group have launched The Clove, the first phase in the Cloverdale, a $6 billion multi-tower development. The project will transform Cloverdale Mall, a 32-acre shopping center in Toronto, into a mixed-use urban neighborhood.
Mixed-Use | Sep 10, 2024
Centennial Yards, a $5 billion mixed-use development in downtown Atlanta, tops out its first residential tower
Centennial Yards Company has topped out The Mitchell, the first residential tower of Centennial Yards, a $5 billion mixed-use development in downtown Atlanta. Construction of the apartment building is expected to be complete by the middle of next year, with first move-ins slated for summer 2025.
Codes and Standards | Sep 3, 2024
Atlanta aims to crack down on blighted properties with new tax
A new Atlanta law is intended to crack down on absentee landlords including commercial property owners and clean up neglected properties. The “Blight Tax” allows city officials to put levies on blighted property owners up to 25 times higher than current millage rates.
Building Technology | Aug 23, 2024
Top-down construction: Streamlining the building process | BD+C
Learn why top-down construction is becoming popular again for urban projects and how it can benefit your construction process in this comprehensive blog.
Mixed-Use | Aug 21, 2024
Adaptive reuse of a Sears store becomes luxury mixed-use housing
6 Corners Lofts at 4714 W Irving Park Road, Chicago, Ill., opened in March of 2024 as a 394,000-sf adaptive reuse project born out of a former Sears store.
Curtain Wall | Aug 15, 2024
7 steps to investigating curtain wall leaks
It is common for significant curtain wall leakage to involve multiple variables. Therefore, a comprehensive multi-faceted investigation is required to determine the origin of leakage, according to building enclosure consultants Richard Aeck and John A. Rudisill with Rimkus.
Adaptive Reuse | Aug 14, 2024
Adaptive reuse revives a former warehouse in St. Louis
The Victor, as the building is now called, has nearly 400 residential apartments.
Adaptive Reuse | Aug 14, 2024
KPF unveils design for repositioning of Norman Foster’s 8 Canada Square tower in London
8 Canada Square, a Norman Foster-designed office building that’s currently the global headquarters of HSBC Holdings, will have large sections of its façade removed to create landscaped terraces. The project, designed by KPF, will be the world’s largest transformation of an office tower into a sustainable mixed-use building.
