550 Broad Street is an office building in

downtown ''Downtown'' is a term primarily used in North America by English speakers to refer to a city's sometimes commercial, cultural and often the historical, political and geographic heart. It is often synonymous with its central business distric ...

Newark, New Jersey between 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 ...

stations at Washington Park and

Atlantic Street Atlantic Street station is a light rail station in Newark, New Jersey on the Newark Light Rail. The station is located in Downtown Newark, next to Atlantic Street, between the headquarters of IDT Corporation and its parking garage. It serves the ...

. The

Brutalist style Brutalist architecture is an architectural style that emerged during the 1950s in the United Kingdom, among the reconstruction projects of the post-war era. Brutalist buildings are characterised by minimalist constructions that showcase the ba ...

building was built in 1966 during the ''New Newark'' era by the

Mutual Benefit Life Insurance Company The Mutual Benefit Life Insurance Company was a life insurance company that was chartered in 1845 and based in Newark in Essex County, New Jersey, United States. The company was headed by Frederick Frelinghuysen (1848–1924). The company w ...

and the

George A. Fuller Company George A. Fuller (1851 – December 14, 1900) was an American architect often credited as being the "inventor" of modern skyscrapers and the modern contracting system. Early life and career Fuller was born in Templeton, Massachusetts, near W ...

and was once known as the Fidelity Union Building, after the company which occupied it. In 2000, the Heritage Capital Group purchased the tower and implemented a multimillion-dollar renovation-modernization in 2001, winning the state's ''Building of the Year'' award. While Heritage sold 80% interest in 550 Broad Street in 2005, it retains 20 percent ownership and acts as executive operating partner and on-site manager. The company also renovated nearby 570 Broad Street. As of 2012 the major tenant for the building is IDT, which is owner of the nearby Mutual Benefit Life Building. In 2023, the

Geraldine R. Dodge Foundation The Geraldine R. Dodge Foundation is an American philanthropic organization based in Morristown, New Jersey which nurtures leaders, ideas, and institutions that transcend self-interest while promoting a sustainable future. The foundation believe ...

announced its decision to shift its headquarters from

Morristown, New Jersey Morristown () is a town and the county seat of Morris County, in the U.S. state of New Jersey. ...

, to the building to better advance its philanthropic mission.Lindner, Linda
"Well-known Geraldine R. Dodge Foundation moving HQ to Newark, continuing its legacy of dismantling inequities"
ROI-NJ.com, December 14, 2023. Accessed December 18, 2023. "The Geraldine R. Dodge Foundation, after 50 years of supporting organizations across the state, is relocating its headquarters from Morristown to Newark, where it can further immerse itself and strengthen its impact in dismantling systemic inequities. The Dodge Foundation, a longstanding private foundation committed to supporting organizations and leaders addressing the root causes and repair of structural racism and inequity in the state, will be taking space at the Fidelco Realty Group’s historic 550 Broad St. building as it recognizes 50 years of impact in 2024."

References

External links

550 Broad Street Website
{{Webarchive, url=https://web.archive.org/web/20190718232102/http://www.550broad.com/ , date=2019-07-18 Skyscraper office buildings in Newark, New Jersey Brutalist architecture in New Jersey Office buildings completed in 1966

See also

References

External links