Newark, NJ (2005)

Renovation of 570 Broad


  • NMTC Amount: $6,410,000
  • Total Project Cost: $23,300,000


  • 450 FTE jobs
  • 36 construction jobs
  • 200,000 sq. ft. of real estate


Project Description

Renovation of an OFFICE BUILDING: 570 Broad is a 200,000 sq. ft., 15-story office building located in downtown Newark, New Jersey and is situated directly across Broad Street from the recently completed Newark Light Rail stop. All of Newark’s top cultural attractions are within walking distance of the site including the New Jersey Performing Arts Center (“NJPAC”), Newark Museum, Newark Public Library, Riverfront Stadium, and the Prudential Center. Additional neighboring institutions include Rutgers University, New Jersey Institute of Technology, University of Medicine and Dentistry of New Jersey and St. Michael’s Hospital. 570 Broad is among the most accessible office buildings in New Jersey, situated within minutes of Routes 21, 1&9 and 22, Interstate 280 and 78, the New Jersey Turnpike, and the Garden State Parkway. Both Newark’s Penn and Broad Street Stations are within walking distance servicing a vast NY/NJ transportation network.

The train stations can also be accessed by the Newark Light Rail station stops at both the front and rear of the Property. 570 Broad is situated in New Jersey’s cultural and business hub, featuring a world-class performing arts center, useums, major and minor league professional sports teams, universities, new residential development and one of the most comprehensive mass transit infrastructures along the East Coast. Newark’s Penn Station is approximately 1/2 mile to the southeast and the Broad Street Station is a 5 minute walk to the north. Both stations provide direct access to New York City and are serviced by Newark’s Light Rail which has stops at the front and rear of 570 Broad Street. Newark’s CBD is located in close proximity to New York City (15 minutes train/20 minutes car), Jersey City (10 minutes train/10 minutes car) and Newark Liberty International Airport (5 minutes train/5 minutes car).


Address: 570 Broad Street, Newark, NJ 7102

Census Tract: 34013022900

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