Newark, NJ — Strategic Development Partners has unveiled plans for a 256-unit luxury apartment complex in Newark. Located in the Living Downtown Redevelopment Area, Vibe will offer resort-style living with magnificent views of the Manhattan skyline and the New Jersey coastline.
This will be an $80 million investment in downtown Newark. Current plans call for 60 percent of the units to be one bedroom, 20 percent two bedroom and another 20 percent studios. Onsite parking will be provided for 156 vehicles.
With a Walk Score of 99 and a Transit Score of 94, the neighborhood is unrivaled for convenience. Just two blocks from the epicenter of downtown Newark, Vibe will provide easy access to cultural offerings, pro sports teams, transportation and a variety of gourmet restaurants downtown and in the city’s famed Ironbound.
“Vibe will offer a technology-rich environment with abundant lifestyle amenities for Millennials, who prefer the energy and convenience of cities like Newark,” said Anthony V. Bastardi, chairman of the board and chief executive officer of Strategic Development Partners. “The location—just minutes from diverse dining options, world-class cultural events, sports and transportation—will make Vibe an enviable address.”
Located at the intersection of Halsey and William streets, Vibe will contribute to a high-energy neighborhood that has already sparked Newark’s dining renaissance. On its street level, the tower will feature two renowned restaurants. Across the street at Teacher’s Village will be Joe Bastianich’s newest offering, promising exciting cuisine from the renowned restaurateur that brought us Babbo, Del Posto, Becco and Eataly.
“Vibe represents a significant investment in Newark by a talented and experienced team of redevelopment professionals,” said Newark Mayor Ras Baraka. “It is yet another exciting sign that this city is a highly-desirable location.”
Amenities will include a rooftop pool and whirlpool spa; large outdoor dining area with barbeque grills and fire pits; communal party room with chef’s kitchen and bar; fully-equipped gym and fitness center; indoor and outdoor yoga and Pilates studios; conference room with high-tech A/V systems; large game room for playing billiards, ping pong, foosball and shuffleboard; covered dog run; and children’s play area. Socializing with neighbors before work at the coffee bar in the street-level lobby or after work for a glass of wine in the rooftop lounge will make Vibe a special place where new friendships will abound.
“We have incorporated resort-style amenities into every detail of Vibe,” said Barbara A. Hillier, AIA, principal with Studio Hillier, a partner in the venture. “Residents will enjoy light and airy living spaces, as well as a menu of highly-desired social and recreational opportunities.”