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Project Update: Bears Stadium Redevelopment

The plans for the redevelopment of the Newark Bears and Eagles Riverfront Stadium property and surrounding area have expanded, and the public will soon get a chance to weigh in on whether it should go forward.

The latest plans now call for 2,526 residential units, 48 live/work units, a hotel with 240 rooms, 102,144 square feet of retail space, a performance space, 2,216,820 square feet of office and commercial space, and 2,923 parking spaces to accompany the existing Essex County Improvement Authority parking garage. The entrance to the new parking facility will be along McCarter Highway/Route 21. All of that is according to a legal notice regarding a public hearing on the proposal.

The 450 Broad Street site is apparently not the only property where developer LEG 450 Broad Street, LLC, an affiliate of the Manhattan-based Lotus Equity Group, plans new development. It has also filed an application for 422 Broad Street, a large vacant lot that sits just across Division Street from the stadium. According to a different legal notice, the company wants to subdivide the tract into three lots in connection with “the development of a mixed-use retail, office, hotel, performance space and residential project” as proposed in the other application.

Credit: Jersey Digs