The century-old building will be converted into nearly 200 homes with ground-floor retail.
Newark city officials voted to approve a tax incentive for an adaptive reuse proposal that would transform the historic Firemen's Insurance Co. building into a mixed-use affordable housing complex, reports Mario Marroquin in Jersey Digs.
"Members of the city council voted to approve an ordinance granting a 35-year tax abatement to 10 Park Place Newark LLC, a limited liability firm affiliated with Newark-based real estate firm Berger Organization, during the council’s regular meeting on June 17." The renovated building will include 196 apartments and 4,500 square feet of retail space, according to the ordinance.
Eight months earlier, the New Jersey Economic Development Authority granted $12 million in Historic Property Reinvestment Program tax credits and an $81 million Aspire tax credit, toward the project. It is projected to take two years to complete at a cost of $148 million. "Residents will have access to amenities including a mail room, an on-site laundry facility, a community lounge, gym, bike storage, and space for social services."
Read the full story: Historic Firemen’s Insurance Building Cleared for Affordable Housing Conversion in Newark
Maine Passes Zoning Reform Laws
The state legislature passed two bills, one supporting accessory dwelling units and another incentivizing adaptive reuse, aimed at boosting housing affordability.
Madison approves hundreds of affordable apartments as deadline for federal funding looms
A recently approved project will bring 163 affordable units to the north side.
LA approves $2B 'urban village' plan for former cold storage facilities
The project promises an interconnected neighborhood with a focus on public space.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Northwest rail fans eager for Sept. 30 debut of Amtrak’s Airo fleet
Get ready for that new train smell and more seats. But they won’t go faster or run more frequently on the Cascades route in Washington and Oregon.
Record-breaking wildlife overpass in Colorado brings 91% reduction in animal collisions
Prior to the overpass, vehicles were hitting one deer per day on Colorado’s Interstate 25.
Detroit to transform waterfront with $2.2 billion investment
Developers will convert about 18 acres of unused parking lot space into civic spaces.
‘Going backwards:’ Baltimore mayor, students rally against state's transit funding plan
Maryland's proposed six-year plan provides no funding for Baltimore’s BMORE bus program and reduces its road maintenance funding.
Trump wants to cancel nearly 98% of funding for HUD housing support program
Multiple housing groups are suing the administration in an effort to preserve the funding.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Thousand Oaks
City of Wisconsin Rapids
Harvard University Graduate School of Design
The Architects Foundation
University of Cincinnati Online
Northern Illinois Transit Authority (NITA)
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello