Sunday, January 5th, 2014 at
Mid-Atlantic was General Contractor for the completion of construction of four town homes in Newark’s West Ward. The Urban League of Essex County was the project’s Developer, and purchased the unfinished 4 units from the City of Newark. The units sat incomplete for almost a decade after the previous Developer/Contractor experienced a project stoppage due to faulty construction. As abandoned and boarded up properties, the units were contributing to neighborhood decay and blight.
Now properly completed by Mid-Atlantic, the Developer will be selling the units for $139,000 apiece as affordable housing, and promoting home ownership instead in place of urban blight.
Thursday, June 14th, 2012 at
Groundbreaking Spring 2014
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 1100-1300 sqft. Each unit includes 1 parking space. 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 approximately $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 4500 sq. ft. gated and private entertainment/recreation space.
There are No Income Restrictions, all are welcome to apply.