A 296-unit apartment project just north of Broad Street Station will be the biggest, most visible project in the transformation of an isolated pocket of the city that some call Lower Broadway
Russo Development's Vermella Broad Street project will add 296 rental apartments to Newark's Lower Broad Street neighborhood just north of Route 280.Jay Dunbar had just hustled across Newark’s busy intersection of Broadway, Broad and Clay streets on a recent weekday when he paused to describe the nondescript neighborhood surrounding it.
But the neighborhood that some know as Lower Broad Street or Lower Broadway is changing fast, with newly constructed housing, new businesses, and plans for more. In addition, the site is just half a block from NJ Transit’s Broad Street Station, offering service to Hoboken, New York Penn Station, and points west. Rail commuters who move into the complex after its completion next year will be able to see their new digs from the station, where Vermella’s cinderblock stairwell towers and wooden framing of its upper floors are visible from the train platforms.
The project will include two interior courtyards, a swimming pool, a rooftop lounge with cooking and dining areas, plus “Instagram-worthy views” of Newark and Manhattan. Inside, there will be lounges, a fitness center and workout studio, co-working spaces, and concierge services. In addition to welcoming the project’s 100 temporary construction jobs, Ladd said Vermella anchors the ongoing redevelopment of the Lower Broad Street neighborhood, including Spring and Grant streets and 8th Avenue., an 84-unit, 5-story apartment building with ground-floor retail space at the southeast corner of Spring and Clay streets. ApartmentFinder.com was listing a 2-bedroom apartment there with hardwood floors and stainless steel appliances for $2,400 a month.
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