50 Rector Park is an apartment building in

Newark, New Jersey Newark ( , ) is the most populous city in the U.S. state of New Jersey and the seat of Essex County and the second largest city within the New York metropolitan area.New Jersey Performing Arts Center The New Jersey Performing Arts Center (NJPAC), in downtown Newark, New Jersey, United States, is one of the largest performing arts centers in the United States. Home to the New Jersey Symphony Orchestra (NJSO), more than nine million visitors (i ...

(NJPAC) and next to the center's education facility at 24 Rector Street in

Downtown Newark Downtown Newark is the Central Business District of Newark in Essex County, New Jersey, United States. Downtown is the site of the original Puritan settlement of Newark located at a bend in the Passaic River. The first settlers, led by Robert T ...

. It is near

McCarter Highway Route 21 is a state highway in northern New Jersey, running from the Newark Airport Interchange with U.S. Route 1/9 (US 1-9) and US 22 in Newark, Essex County to an interchange with US 46 in Clifton, Passaic County. The rou ...

, across from which is

Newark Riverfront Park Newark Riverfront Park is a park and promenade being developed in phases along the Passaic River in Newark, New Jersey, United States. The park, expected to be long and encompass , is being created from brownfield sites along the river, which it ...

on the

Passaic River Passaic River ( ) is a river, approximately long, in Northern New Jersey. The river in its upper course flows in a highly circuitous route, meandering through the swamp lowlands between the ridge hills of rural and suburban northern New Jersey, ...

. The NJPAC-Center Street station of the

Newark Light Rail The Newark Light Rail (NLR) is a light rail system serving Newark, New Jersey and surrounding areas, operated by New Jersey Transit Bus Operations. The service consists of two segments, the original Newark City Subway (NCS), and the extension t ...

is a block away;

Newark Penn Station Pennsylvania Station (also known as Newark Penn Station) is an intermodal passenger station in Newark, New Jersey. One of the New York metropolitan area's major transportation hubs, Newark Penn Station is served by multiple rail and bus carriers, ...

is a few short blocks away. The building is seen as a major boost to the Newark's ''Living Downtown Plan'', an effort to create transform Downtown from a 9–5 work place to a vibrant 24/7 community. It is one of several residential projects slated for the area around a renovated Military Park and nearby Washington Park. Other projects include the adaptive re-use of the

American Insurance Company Building The American Insurance Company Building is one of the oldest and tallest skyscrapers in Newark, Essex County, New Jersey, United States. Located at 15 Washington Street on Washington Park it was once headquarters for the American Insurance Com ...

, the former flagship department store of

Hahne and Company Hahne & Company (pronounced Hayne), commonly known as Hahne's, was a department store chain based in Newark, New Jersey. The chain had stores located throughout the central and northern areas of New Jersey. History The firm was founded by ...

, the

New Jersey Bell Headquarters Building The New Jersey Bell Headquarters Building is located in Newark, Essex County, New Jersey, United States. The building was built in 1929 by the New Jersey Bell Telephone Company and was added to the National Register of Historic Places on Septemb ...

, and the new construction of

One Theater Square One Theater Square is a mixed-use (residential and commercial) building in Newark, New Jersey. It is located across from Military Park and the New Jersey Performing Arts Center, which inspired its name. Completed in 2018, it includes the first n ...

, among others.

Design

The complex was originally planned to incorporate an historic six-story building that was once part of

Ballantine Brewery P. Ballantine and Sons Brewing Company was an American brewery founded in 1840, making Ballantine one of the oldest brands of beer in the United States. At its peak, it was the 3rd largest brewer in the US. The brand is currently owned and ope ...

. It was later used by the University of Newark then two years later the NJ Law School joined, becoming

Rutgers School of Law Rutgers Law School is the law school of Rutgers University, with classrooms in Newark and Camden, New Jersey. It is the largest public law school and the 10th largest law school, overall, in the United States. Each class in the three-year J.D. pr ...

and until 2006 the city's Science High School. A new 26-story high-rise was to be built adjacent to it, incorporating the landmark, but the brewery/school building was eventually demolished. The new building has 169 rental units and 7,640 square feet of ground floor retail space as well 117 tenant parking spaces.

Developers

50 Rector Park is a collaboration by Newark native

Shaquille O'Neal Shaquille Rashaun O'Neal ( ; born March 6, 1972), known commonly as "Shaq" ( ), is an American former professional basketball player who is a sports analyst on the television program ''Inside the NBA''. O'Neal is regarded as one of the greates ...

and New Brunswick-based Boraie Development. The project received a

New Jersey Economic Development Authority The New Jersey Economic Development Authority (EDA) is an independent government entity in the U.S. state of New Jersey dedicated to broadening and expanding the state's economic base. The EDA creates public-private partnerships to provide access ...

Urban Transit Hub Tax Credit and the

Municipal Council of Newark The Municipal Council is the legislative branch of government for Newark, New Jersey. Newark was governed by a mayor and common council from 1836 to 1917 and then by a five-member commission until 1954. Effective as of July 1, 1954, the voters of ...

adopted a resolution for $5 million tax credit in February 2013.

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

has provided financing, while Newark-based

Prudential Financial Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers t ...

bought re-development area bonds issued by the city. The One Riverview project initiated work in September 2013. O'Neal has stated that he plans to move into the top floor when the tower is completed and that he would then like his "mother to come back here and just smile".

References

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External links

Just Architecture: rendering

2019 establishments in New Jersey Residential skyscrapers in Newark, New Jersey Apartment buildings in Newark, New Jersey Residential buildings completed in 2019

Design

Developers

See also

References

External links