Rendering of 80 Freeman Street, courtesy of Shorewood Real Estate GroupOn January 15, Newark officials gathered with the development team to celebrate the completion of The Ballantine, a six-story residential building at 80 Freeman Street in the Ironbound section of Newark, New Jersey. Developed by Shorewood Real Estate Group in partnership with Bridge Investment Group, the $88 million project occupies the site of the former Ballantine Brewery and yields 280 units.
The Ballantine spans a total of 310,522 square feet and offers a mix of 34 affordable apartments and 246 market-rate apartments, as well as 125 parking spaces and 2,600 square feet of ground-floor retail space.
Rendering of 80 Freeman Street, courtesy of Shorewood Real Estate Group
The Ballantine Brewery was founded in 1840 and remained open until 1972. The project was created under Newark’s Qualified Opportunity Zone program, which seeks to drive long-term economic growth by reimagining underutilized urban spaces.
Transit nearby the Ballantine includes Newark Penn Station, which provides service for the a number of trains operated by Amtrak, NJ Transit Rail, PATH, and NJ Transit Light Rail.
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