Paramount Assets has officially opened Clinton Flats, a mixed-use redevelopment of two former office buildings in Newark with 47 units.
30 and 40 Clinton added to the National Register of Historic Places have been fully restored, preserving many of the original features such as decorative lobbies, original mailbox system and copper windows.
40 Clinton was built in 1914 and is an eight-story building with a Gothic influence of 27,350 s / f.Formerly known as the Eclipse Building, it was the original Seton Hall Law School. It now has 26 one bedroom apartments and one two bedroom apartment. The U.S. Post Office occupies a total of 2,602 b / w on the first floor.
The 20,250 square foot lot at 30 Clinton, formerly known as the Baldwin Building, was built in 1910 and originally housed the offices of the Newark Board of Education and Teacher’s Union Benefits. Five floors of living space with a total of 17,900 b / w offer a mix of 20 studio and one-bedroom, one-bathroom units. The sales area on the first floor comprises a total of 2,340 b / w, which are currently being marketed for rent.
30 Clinton also features a landscaped, fully furnished rooftop deck (pictured above) with an elevator and views of downtown Newark, including the Prudential Center and the new Mulberry Commons Park.
“These adaptive reuse conservation projects provide a unique living experience in the heart of vibrant downtown Newark,” said Richard Dunn, senior vice president of Paramount Assets.
“Paramount Assets is proud to offer another extraordinary opportunity to live in a building of particular historic importance that has been so beautifully preserved. We are particularly proud of our expertise and experience in the field and of the ability to preserve the beauty and character of these buildings while helping to revitalize this great city. ”
Pictured here are (LR): Maurice Levy, COO, Paramount Assets; Solomon Levy, chairman of Paramount Assets; LaMonica McIver, member of the Newark Central Ward Council; and Richard Dunn, Senior Vice President, Paramount Assets.
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