200 Market Street Newark

The Newark Zoning Board conditionally approved KS Group’s 41-story tower project at 200 Market Street, downtown Newark. The conditions include limiting truck size and regular meetings regarding traffic. If hurdles are cleared, the tower could reach 515 feet, reduced from a previous 579-unit proposal. It aligns with the National Newark Building’s height. KS aims to utilize tax abatement, with 20% affordable housing. The building will offer amenities like a gym, lounge spaces, and more. NOA Architecture designs the property, with demolition expected soon. Concerns over parking and traffic were raised but didn’t halt approval, continuing Newark’s development momentum