Monday, October 3, 2016

Dranoff Properties Secures $116M for One Theater Square Development

Dranoff Properties secured $116 million in construction financing for its proposed One Theater Square residential condominium development set to rise at 2 Center St. in Newark, NJ.

Prudential Financial Corp. and Fifth Third Bank provided the financing along with public funding from the city and state.

BLT Architects is set to begin work on the 22-story, 259,000-square-foot multifamily project by year-end, with an anticipated delivery date of the 245 units in mid-2018.
www.omegare.com

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