January 10, 2017
Construction soon will begin on yet another new development in Newark’s Military Park Commons Historic District.
The projects will rehabilitate the Swab Building at 40 East Park Street, and create a new addition on a parking lot behind the vacant old brownstone. When it’s completed, the new Swab Building will include 15 one-bedroom and studio apartments, averaging 750 square-feet apiece, with financing from Seaview Capital Partners.
Developers are very busy in the neighborhood. Within a few yards of 40 East Park Street, other projects underway include One Theatre Square and the TRYP by Wyndham hotel.