Teachers Village, Newark Explained

Teachers Village is a neighborhood centered around Halsey Street in Newark, New Jersey. It is located in Downtown Newark in southwest quadrant of the Four Corners Historic District, south of Market Street (SoMa) in the Central Ward between the Prudential Center and Springfield/Belmont.

Teachers Village was originally developed by RBH and was designed by Newark native Richard Meier. The eight-building, 400,000-square-foot project transformed five blocks in the city, resulting in 204 moderately priced apartments, three charter schools, open space and 65,000 square feet of retail space.[1] [2]

Ground was broken in 2012.[3] [4] [5] [6] Some buildings though more than 100 years old, were considered expendable in the greater development planning. To that end the demolition and replacement of some lead to the creation of a retail corridor along Halsey Street.[7] [8] [9] [10] [11] [12] [13] [14] [15] [16] Goldman Sachs committed $100 million to the project.[17] It was completed in 2018.

The project has stimulated other mixed-use development and renovations in the neighborhood[18] [19] such as the William Flats,[20] and the Halo.[21] [22] At Washington and William Street a former office building is being heightened and transformed to residences.[23]

Teachers Village is the core of a broader redevelopment for the district called SoMa, short for south of Market Street. The master plan calls for more than 15 million square feet of development area across 23 acres in the neighborhood.[24] [25]

External links

Web site: Teachers Village - RBH Group. www.rbhgrp.com.

40.7336°N -74.1751°W

Notes and References

  1. Web site: Schulz. Dana. 23 February 2017. Richard Meier's mixed-use Teachers Village development is revitalizing downtown Newark. 6sqft. 2 March 2019.
  2. Web site: Building a sustainable city. Teachers Village by Richard Meier & Partners Architects - The Strength of Architecture - From 1998. www.metalocus.es. 3 March 2019.
  3. Web site: Teachers Village: One City's Innovative Solution To The Problem Of Teacher Retention. Emily. Langhorne. Forbes. 4 March 2019.
  4. Web site: Jones. David. Newark breaks ground on $149M Richard Meier-designed Teachers Village. 9 February 2012. The Real Deal New York. 2 March 2019.
  5. Web site: A Community of Teachers Helps Revitalize Newark, New Jersey - HUD USER. www.huduser.gov. 2 March 2019.
  6. Web site: Hahm. Melody. 1 February 2018. There’s a brilliant $150 million ‘Teachers Village’ in Newark. finance.yahoo.com. 4 March 2019.
  7. Web site: Badger. Emily. A $150M, Richard Meier-Designed Village For Teachers? In Newark?! - Fast Company. May 29, 2012. FastCompany.com. October 26, 2017.
  8. News: Read. Philip. "Teachers Village" project passes historic hurdle . The Star Ledger. March 11, 2010. August 8, 2010.
  9. Web site: Teachers Village: One City's Innovative Solution To The Problem Of Teacher Retention. Emily. Langhorne. Forbes. 3 March 2019.
  10. News: Ouroussoff. Nicolai. Arts & Design. The New York Times . May 5, 2010. August 8, 2010.
  11. Web site: 27 February 2010. Newark's teachers village: A promising development plan. NJ.com. October 26, 2017.
  12. Web site: Portlock. Sarah. 9 February 2012. Newark to break ground on long-awaited Teachers Village. NJ.com. October 26, 2017.
  13. Web site: RBH Group: Teachers Village New life for Newark . Business Experience . 2012-10-04 . 2012-02-12 .
  14. Web site: Burd. Joshua. 9 February 2012. Beit credits EDA, Urban Transit Hub incentive at Newark groundbreaking. NJBiz.com. October 26, 2017.
  15. Web site: Cory Booker and Chris Christie: Teachers Should Live in Downtown Newark . Dana. Goldstein. February 10, 2012. TheNation.com. October 26, 2017.
  16. Web site: Teachers Village in Newark - NJ Building - e-architect. February 15, 2012. e-Architect.co.uk. October 26, 2017.
  17. Web site: Teachers Village . Urban Investments . Goldman Sachs . 2013-01-26 . https://web.archive.org/web/20121116071206/http://www.goldmansachs.com/what-we-do/investing-and-lending/urban-investments/case-studies/teachers-village.html# . November 16, 2012 . dead . mdy-all .
  18. Web site: Development Projects Sprout Up Along Halsey Street in Newark. Jared. Kofsky. 19 September 2016. 3 March 2019.
  19. Web site: 128-Year-Old Newark Building Could be Expanded Into 25-Unit Development. Jared. Kofsky. 25 September 2018. Jerseydigs.com. 12 February 2019.
  20. Web site: Newark luxury apartments - United States - Paramount Assets. williamflats. 22 March 2019.
  21. Web site: EXCLUSIVE: 40-Story Towers Could Bring Nearly 600 Apartments to Newark. Jared. Kofsky. 19 July 2018. 3 March 2019.
  22. Web site: Rooftop pool? Check. Shuffleboard? Check. This new high-rise even comes with Alexa. Karen. Yi. 17 April 2018. nj.com. 3 March 2019.
  23. Web site: Renderings Revealed for 92-Unit Project on Newark’s Washington Street. Jared. Kofsky. November 26, 2019.
  24. Web site: Burd. Joshua. 11 October 2017. RBH Group, city officials unveil transformative Teachers Village project in Newark. Real Estate NJ. 2 March 2019.
  25. Web site: RBH Group Snags $28M in Financing for Downtown Newark Development Projects. Cathy . Cunningham. 23 February 2017. Commercial Observer. 2 March 2019.

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