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
Multifamily Housing | Feb 22, 2018
Multifamily building with 25,000 sf of amenities rises on the shore of the Potomac River
The building is part of the National Gateway mixed-use development at Potomac yard.
High-rise Construction | Feb 14, 2018
BIG and Carlo Ratti Associati-designed Singapore skyscraper has open-air ‘oases’ at multiple levels
The new skyscraper will include “the office of the future.”
Mixed-Use | Jan 26, 2018
Eager Park opens as health and wellness centerpiece of future mixed-use master plan
The 6-acre park was designed to showcase East Baltimore’s commitment to wellness and sustainability.
Sports and Recreational Facilities | Jan 25, 2018
Virginia Beach: A surf town with a wave problem no more
A world-class surf park will highlight Virginia Beach’s new live-work-play development.
Mixed-Use | Jan 16, 2018
Mixed-use development under construction in Detroit’s central business district
The development is being built on the former site of the Statler Hotel.
Mixed-Use | Jan 5, 2018
USC Village is the largest development in the history of the University of Southern California
USC Village comprises six buildings and 1.25 million sf.
Mixed-Use | Jan 3, 2018
A Houston luxury apartment complex has its own co-working space
The new community is located in the economic and population center of Houston.
Mixed-Use | Jan 2, 2018
Food incubator will support entrepreneurs on Chicago’s West Side
Designed by Wight & Company, the 67,000-sf food incubator development in Chicago’s East Garfield Park neighborhood will also serve as the new headquarters for the nonprofit Accion Chicago.
Mixed-Use | Dec 12, 2017
A new live/work neighborhood is about to get under way in Omaha, Neb.
Walkability and recreation will be key features of West Farm.
Mixed-Use | Dec 12, 2017
Construction begins on Phase I of $240 million mixed-use development in Boston
Fenway Center will span 4.5 acres between Brookline, Beacon Street, David Ortiz Way, and the Massachusetts Turnpike.
