After a six-year development process, leasing has now begun at The Ballantine, a multifamily property built on the former site of the Ballantine Brewery in Newark, New Jersey, ahead of its opening for move-ins in April, according to a press release shared with Multifamily Dive.
Developed by New York City-based Shorewood in partnership with Salt Lake City-based Bridge Investment Group, the property includes 280 units ranging from studios to two bedrooms, along with 2,600 square feet of retail space. It is located in close proximity to Newark Penn Station, offering rail service to New York City.
The Ballantine Brewery originally opened in 1840 in Newark’s industrial Ironbound neighborhood, operated by P. Ballantine & Sons. The site closed in 1972, but most of its buildings remained standing, according to NJ.com. One four-story building and its adjacent parking lot were demolished to make way for The Ballantine, according to the release.
The surrounding Ironbound neighborhood is now known for its restaurants and cultural destinations. “The Ballantine marks an important chapter in Newark’s growth, thoughtfully integrating the site’s historic significance with a modern vision for the Ironbound’s northern edge,” said Larry Davis, CEO of Shorewood Real Estate Group, in the news release.
The new building, designed by Lambertville, New Jersey-based Minno & Wasko Architects, features a mix of brick and black metal awnings on the facade of the first few levels, mirroring the industrial design of the surrounding area. It then switches to white panels at the top two levels, which scale back slightly from the street.
Units feature 9-foot ceilings, plank flooring, in-unit laundry, smart lock systems, stainless steel appliances and balconies or patios in select apartments. Amenities include concierge services, a rooftop deck and lounge, a courtyard with barbecues and dining spaces, a fitness center and yoga studio, a game room, coworking areas, a pet spa, bike storage, onsite parking with EV charging stations and shuttle service to Newark Penn Station.
Shorewood has obtained the rights to use the Ballantine name, now owned by San Antonio, Texas-based Pabst Brewing Co., for the building’s branding. The property includes tributes to the building’s history throughout, as well as artwork and architectural features that reflect a mix of its industrial heritage with modern aesthetics, according to the release.
“As our inaugural project in Newark, we saw an opportunity to revitalize a once-prominent, but underutilized property into an extension of the neighborhood, providing residents with a contemporary living experience rooted in local character,” Davis said.
