Groundbreaking Spring 2013

Located downtown in Newark’s Historic Art district, Lofts @ Lincoln Park will be 24 New “Emerging Market” Condominium Units. The unit mix will include 2 and 3 Bedroom, 2 Bath Condos ranging from 1100-1675sqft. Each Unit includes 1 Parking Space, 6 of the units allowed up to 2 parking spaces. A 15 Year Tax Abatement application is being filed for the building which would fix taxes at an annual expense of approximately $800. Units will be priced from $152,000 on a first come first serve basis. Down-payment assistance is available for qualified borrowers. Own for a monthly payment of aproximately $1100. Monthly calculation includes Principal, Interest, Taxes, Insurance, and Association Fees. Mass Transit available in the immediate vicinity of the buildings main entrance.

Condominium owners will enjoy Energy Star Certified Heating and Cooling Systems, Hardwood Floors and 10 foot ceilings.

The outdoor landscape will include 5000 sq. ft. gated and private entertainment/recreation space.

There are No Income Restrictions, all are welcome to apply.

Mid-Atlantic Inventment Alliance Breaks Ground

Eco-friendly project to include construction of 10 units of affordable and workforce housing; is part of city-wide initiative to revitalize vacant and abandoned properties throughout Newark.

Newark, NJ – December 10, 2008 – Mayor Cory A. Booker joined today with West Ward Councilman Ronald Rice, Deputy Mayor of Economic & Housing Development Stefan Pryor, Director of Housing and Real Estate Michael Meyer, Mid-Atlantic Investment Alliance, and a host of city officials and local residents to break ground on a $2 million redevelopment project in Newark’s West Ward.

Announced during a Noon press conference at one of the properties, the project will include the construction of Energy Star Certified and Eco-Friendly two-family homes, providing a total of 10 units of affordable and workforce housing for Newark residents. Its redevelopment is part of the City’s initiative to partner with local developers to resuscitate vacant and abandoned City- and privately-owned properties throughout Newark. Read the rest of this entry