On January 15, Newark officials gathered with the development team to celebrate the completion of The Ballantine, a six-story residential building at 80 Freeman Street in the Ironbound section of Newark, New Jersey. Developed by Shorewood Real Estate Group in partnership with Bridge Investment Group, the $88 million project occupies the site of the former Ballantine Brewery and yields 280 units.
The Ballantine spans a total of 310,522 square feet and offers a mix of 34 affordable apartments and 246 market-rate apartments, as well as 125 parking spaces and 2,600 square feet of ground-floor retail space.
The Ballantine Brewery was founded in 1840 and remained open until 1972. The project was created under Newark’s Qualified Opportunity Zone program, which seeks to drive long-term economic growth by reimagining underutilized urban spaces.
Transit nearby the Ballantine includes Newark Penn Station, which provides service for the a number of trains operated by Amtrak, NJ Transit Rail, PATH, and NJ Transit Light Rail.
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I hope any water tank looks like a bottle.
Why only 34 affordable? Newark has a requirement of 20% affordable.
Congratulations to the Ironbound community! Home sweet home!! The mix of affordable units is laudable! Too bad the developer would not go for more!!
The famous bottle was over another Brewery on the west side of the city. The Pabst Blue Ribbon/ Hoffman on South Orange Avenue by the Garden State Parkway.
This project looks really nice compared to the old brewery building that stood abandoned there for decades but I wish could have preserved at least one of John Ballantine’s original breweries. Both have been replaced by luxury housing. All we have preserved is their family mansion. The Ballantines were such huge part of Newark history. Hopefully, they will put a plaque on the new building.