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77 UNIVERSITY

 

 

HD77UNIV-$7.0MM-Equity (1)

77 University is an innovative mixed-use development located at 77 University Avenue in Newark, New Jersey, thoughtfully designed to meet the requirements of the Broad Street Station District Redevelopment Plan. This seven-story project serves as a beacon of urban renewal, with a commitment to community at its core. It involves the demolition and relocation of an existing shelter or charity lodging (Goodwill) to the ground floor while offering a blend of modern 1-bedroom and 2-bedroom residential units on the upper floors. The development also includes a two-story parking garage and a range of indoor and outdoor amenity spaces, enhancing the quality of life for residents. 77 University presents a unique investment opportunity that combines social responsibility with the potential for financial returns, inviting stakeholders to be part of a project that redefines urban living in Newark while continuing to support the local community.