NEWARK, N.J. — New Brunswick, N.J.-based Tekton Development Corp. has been selected as the general contractor for Richardson Building Lofts, an approximately $17 million apartment conversion project located at 50-60 Columbia St. in Newark. The building currently consists of a six-story, 66,000-square-foot structure originally constructed in 1912 as a jewelry factory. It will be converted into 67 loft-style apartment units. Sizes will range from 750 to 1,300 square feet, with some duplex units available. Building amenities will include a business center, two fitness rooms and cold storage space. A two-story addition will be added to the building, which will be capped by a green roof. Richardson Building Lofts is being developed by Newwork Real Estate and will apply for LEED-Silver certification. Completion is scheduled for September.
TEKTON SELECTED FOR APARTMENT CONVERSION PROJECT