73 Academy Street, Newark. Image via Google Maps / Street View.

A newly owned building in downtown Newark could undergo an adaptive reuse and expansion project.

Property sales records indicate that 73 Academy Street in the Central Ward was sold by a Woodcliff Lake-based company for $ 725,000 in December 2019. The new owner, SSK Academy, LLC, is listed on an application that was received back in March by the Newark Landmarks and Historic Preservation Commission.

1248 Raymond Blvd Newark1248 Raymond Blvd, Newark. Image via Google Maps / Street View.

The application describes an estimated $ 1 million project of renovating the existing building, which is three stories high on the Academy Street side and one story on the Raymond Boulevard side, and adding a five-story annex To create development.

73 Academy Street Newark renderingAcademy Street level. Photo credit Mukti Architecture about the application.

When completed, the project would include eight residential units and a 1,288-square-foot store, according to Mukti Architecture’s site plans released by the City of Newark. There would be six two bedroom units and two one bedroom units. A fourth floor unit would include a rooftop deck while there would also be a rooftop deck and green roof area on top of the structure.

1248 Raymond Blvd Newark RenderingRaymond Blvd Height. Photo credit Mukti Architecture about the application.

Records released by the National Park Service state that the existing three-story section of the building dates back to 1880. The single story Raymond Boulevard side of the property is adjacent to the stairs that lead to the incoming platform of the Newark Light Rail’s Washington Street Station.

SSK Academy, LLC is registered at the same address in Carlstadt as Luxe Properties. The application lists “Luxe Properties LLC by Sargon Koumi” as the project contractor and indicates that this development requires approval from the Newark Central Planning Board.

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