Landmarked Walker House Begins Leasing at 540 Broad Street in Newark, New Jersey

Rendering of Walker House (CetraRuddy / Inglese Architecture & Engineering)Rendering of Walker House (CetraRuddy / Inglese Architecture & Engineering)

Leasing has launched for Walker House’s rental properties at 540 Broad Street in downtown Newark, New Jersey. Developed in collaboration by L+M Development Partners, Prudential Financial, and Goldman Sachs Urban Investment Group, the landmarked 1929 Art Deco building was renovated to create 211 apartments and a full suite of residential amenities. The 20-story structure’s conversion was overseen by Inglese Architecture & Engineering and CetraRuddy, and will include a fitness center and yoga studio, a library lounge, a private catering kitchen and dining room, a game room, storage areas, and a crowning rooftop terrace with outdoor cooking areas.

Rendering of rooftop area at Walker House (CetraRuddy / Inglese Architecture & Engineering)

Rendering of rooftop area at Walker House (CetraRuddy / Inglese Architecture & Engineering)

In a gesture to the surrounding community, the building will also offer 54 affordable units that will be made available through a lottery program.

“As long-time believers and investors in Newark, we are excited for the next chapter in the city’s economic revitalization to begin with the rebirth of this historic building,” said Margaret Anadu, managing director and head of the Goldman Sachs Urban Investment Group. “As downtown Newark continues to provide increased opportunities for families and businesses alike to grow, we are proud to invest in Walker House, bringing needed mixed-income housing and quality office space, both necessities for the city’s long-term vitality.”

YIMBY first reported on the planned conversion of the Ralph Thomas Walker-designed building in 2016, when the property was purchased by L+M Development for $16.51 million. Today, the developers have also revealed a new set of renderings of interiors, a port cochere, and rooftop amenities.

Rendering of port cochere at Walker House (CetraRuddy / Inglese Architecture & Engineering)

Rendering of port cochere at Walker House (CetraRuddy / Inglese Architecture & Engineering)

Rendering of lobby at Walker House (CetraRuddy / Inglese Architecture & Engineering)

Rendering of lobby at Walker House (CetraRuddy / Inglese Architecture & Engineering)

“In a city with immense architectural history, the restoration and adaptive reuse of the former New Jersey Bell Telephone Building represents a continued celebration of Newark and its revival,” said Alex Merlucci, associate partner at Inglese Architecture + Engineering. “As a defining building in Newark’s skyline, Walker House signals new opportunities for students, professionals, families, and businesses in one of the United States’ oldest cities, and further solidifies Newark as a destination for all.”

Subscribe to YIMBY’s daily e-mail

Follow
 the YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews

The Chatsworth Horizon
.

8 Comments on "Landmarked Walker House Begins Leasing at 540 Broad Street in Newark, New Jersey"

  1. Please pardon me for using your space:

    Slick!

    (Thanks to Sebastian Morris)

    • Please pardon me for stinking up the place: I see a lot of electricity being wasted with people leaving lights on. (You’re welcome).

  2. Charlene Corrado | May 12, 2019 at 10:18 pm | Reply

    Update me on lottery process

  3. Please update me on the lottery process

  4. How do I enter for the lottery & where to find the leasing application for an apartment?

  5. Dewain gibbs | May 13, 2019 at 5:16 pm | Reply

    Intrested in one of your units

  6. Officer Linda Bellamy | May 15, 2019 at 11:43 am | Reply

    I Worked security in 540 for 10 years. Mr. Bone was president then. Love to live there proudly and will keep protecting that wonderfull space and call it home. Hurry?.

  7. Are you accepting applications for rentals or lottery?

Leave a comment

Your email address will not be published.


*