NEWARK, N.J. — Tucker Development has signed a contract to purchase 3.5 acres at 422 Broad Street adjacent to the Broad Street rail station and an off-ramp of Interstate 280 in Newark. Tucker plans to construct a 400,000-square-foot, transit-oriented mixed-use project. The $150 million development will also include the first new Class A office building in Newark in more than 15 years, a 200-room hotel, 50,000 square feet of retail space on the first two floors and a 25,000-square-foot health spa. The project will also be the first to utilize New Jersey’s new Urban Transit Hub Tax Credit Program.
TUCKER ACQUIRES 3.5 ACRES FOR FUTURE MIXED-USE PROJECT