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 | Feb 7, 2017
Traditional Arab architecture and the surrounding mountainous terrain inspire a luxury hotel in Mecca
The Foster + Partners-designed building will address the shortage of accommodation in Mecca.
High-rise Construction | Jan 26, 2017
Paris tower provides office space and three hotel complexes across its three superimposed volumes
Equipped with hanging gardens and a panoramic viewpoint for its top tier, Jardins de l’Arche Tower will rise in Paris’s La défense business district.
Mixed-Use | Jan 26, 2017
New renderings provide glimpse into large mixed-use project, Circa
The $500 million complex will begin pre-leasing in winter, 2017 and open for move-in early in 2018.
Mixed-Use | Jan 18, 2017
Frank Gehry’s Grand Avenue Project in Los Angeles may finally be ready to break ground
The oft-delayed project was set to begin in 2007 but was halted due to the recession.
Mixed-Use | Dec 1, 2016
Amsterdam’s new sustainable mixed-use building embraces the idea of living on the water
The Sluishuis employs a unique shape that makes it appear different from every vantage point.
Mixed-Use | Dec 1, 2016
Initial work on mixed-use development, The Parks at Walter Reed, is underway
The D.C. development is the product of a partnership between Hines, Urban Atlantic, and Triden Development Group.
Multifamily Housing | Dec 1, 2016
One of Canada’s largest media companies dives into real estate development
Rogers moves forward on M City, a multi-building, multi-year project in a Toronto suburb.
Office Buildings | Nov 15, 2016
Under Armour unveils phase one of 50-acre Baltimore headquarters
The campus will be located in Baltimore’s $5.5 billion Port Covington redevelopment project.
Mixed-Use | Nov 10, 2016
Terraced mixed-use development planned for Shanghai’s urban city ring
The development will be highly accessible and provide ‘humanism’ to the area.
Mixed-Use | Nov 8, 2016
Blue Star Accelerator program seeks to help early stage businesses in the technology, sports, and entertainment industries
Applications for the program are currently being accepted.
