Newark City Council advances affordable condo project with OCA Architects

In a recent Newark Municipal Council meeting, discussions centered around the future of a city-owned property previously linked to a private developer. The property, once under the ownership of Omni, has reverted back to the city after the new owner, Nuveen, failed to meet the city’s requirements for development. This turn of events has prompted city officials to pivot towards a new vision for the site.

Deputy Mayor addressed the council, confirming that the city still owns the property and is now looking to hire OCA Architects to design affordable condominiums in downtown Newark. This initiative aims to provide housing options for residents at 80% of the area median income (AMI) and below, reflecting the city’s commitment to affordable housing.

The council also discussed funding for the project, highlighting an $8 million allocation from the late Congressman Payne, specifically dedicated to affordable housing initiatives. This financial backing is expected to play a crucial role in bringing the new housing project to fruition.

As the city prepares to take on the role of developer, there is potential for a joint venture with other partners, although the Deputy Mayor emphasized the importance of having a solid plan to attract interest. OCA Architects, who have previously worked on successful projects in Newark, were selected for their expertise without a competitive bidding process, underscoring the city’s confidence in their capabilities.

The meeting concluded with a sense of optimism as council members recognized the importance of this project in addressing the housing needs of Newark residents. As plans move forward, the city aims to transform the property into a vibrant community space that aligns with its goals for affordable living.