hahne & company · hahne & company downtown newark, newark, nj project summary the former...
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D E V E L O P E R
L+M Development Partners, Inc.
T O T A L D E V E L O P M E N T C O S T
$174m
U N I T S
160; 54 units at 60% AMI and 10 units at
40% AMI
S Q U A R E F O O T A G E
506,682, including 120,000 sf of retail/
commercial
A M E N I T I E S
8,000 sf skylit atrium; second floor
courtyard
F I N A N C I A L P A R T N E R S
Prudential and Goldman Sachs (NMTC)
S O U R C E S O F F U N D I N G
Citibank, NJHMFA, LIIF, TRF, Goldman
Sachs, Prudential, NJEDA
C O M P L E T I O N
2016
G E N E R A L C O N T R A C T O R
Broad Mark Builders (L+M Builders) and
Turner Construction as Construction
Manager
A R C H I T E C T
Inglese Architecture & Engineering
P R O P E R T Y M A N A G E R
C+C Apartment Management
HAHNE & COMPANYD O W N T O W N N E W A R K , N E W A R K , N J
P R O J E C T S U M M A R Y
The former flagship department store Hahne &
Company (Hahne’s) is a 400,000 square foot
early 20th century historic building located at
609-633 Broad Street in downtown Newark.
The first floor will feature retail space that
will activate Broad Street and the burgeoning
small businesses on the Halsey Street corridor,
including an approximately 28,000 square foot
flagship Whole Foods Market that will deliver both
healthy, sustainable food options and significant
employment opportunities to the neighborhood.
Within the development project, an approximately
50,000 square foot institutional space will be
dedicated to Rutgers University use. In addition,
160 mixed income units will be located in both the
existing and newly constructed building.