New Construction of 5 Two-Family Homes in Newark, New Jersey's West Ward
The Black Wall Street Development Project was the development of five new affordable and moderate-income two-family homes in the West Ward of Newark, New Jersey. Municipal Resolution was granted for the purchase of City Owned Land from the City of Newark and was sold to the Mid-Atlantic Alliance as part of the City’s new redevelopment plan to provide deed restricted low-cost homes to qualified homebuyers.
The homes consists of various green products such as wool carpeting, low VOC paints and finishes, energy efficient windows, doors and appliances, and other sustainable materials.
The project provided what the city's planning board deemed a “New Home for Newark” showcasing a unique architectural design concept for infill new construction projects. The new design received site plan approval from the City of Newark Central Planning Board
Ground breaking took place in December of 2008. The project was complete and 100% Sold Out on May 5th 2010.