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.