Jones Lang LaSalle
Mast Will Oversee $700M Redevelopment
By Eric Peterson
NEWARK-The Newark Downtown Core Redevelopment Corp. has picked the Little Falls-based Mast Construction Services Inc. as owner’s rep for the $700-million, 24-acre redevelopment project under way here. The centerpiece for the project, for which ground was broken in 2005, is the new $310-million, 700,000-sf, 18,000-seat arena being built for the New Jersey Devils hockey team.
As owner’s rep, Mast is responsible for coordinating activities between private entities and the public sector, managing acquisitions and condemnations and keeping the various components on time and on budget. "This project will truly transform the face of Newark," says Mast president Ted Domuracki, who’s heading the project team with vice president Richard A. Brown and project manager Jim Napolitano.
The Devils’ arena complex, which will also host entertainment, convention and other events, will include a 300-room hotel. The larger redevelopment project’s components will include office space, a retail complex, a 40-story residential tower, several parking structures and public plazas. Station Plaza Newark Downtown Core Urban Renewal Co. LLC and Lafayette Broad LLC are the redevelopers, working under the aegis of the NDCRC.
Copyright © 2006 ALM Properties, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.
Mast Will Oversee $700M Redevelopment
By Eric Peterson
NEWARK-The Newark Downtown Core Redevelopment Corp. has picked the Little Falls-based Mast Construction Services Inc. as owner’s rep for the $700-million, 24-acre redevelopment project under way here. The centerpiece for the project, for which ground was broken in 2005, is the new $310-million, 700,000-sf, 18,000-seat arena being built for the New Jersey Devils hockey team.
As owner’s rep, Mast is responsible for coordinating activities between private entities and the public sector, managing acquisitions and condemnations and keeping the various components on time and on budget. "This project will truly transform the face of Newark," says Mast president Ted Domuracki, who’s heading the project team with vice president Richard A. Brown and project manager Jim Napolitano.
The Devils’ arena complex, which will also host entertainment, convention and other events, will include a 300-room hotel. The larger redevelopment project’s components will include office space, a retail complex, a 40-story residential tower, several parking structures and public plazas. Station Plaza Newark Downtown Core Urban Renewal Co. LLC and Lafayette Broad LLC are the redevelopers, working under the aegis of the NDCRC.
Copyright © 2006 ALM Properties, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.
posted by Jones Lang LaSalle NJ News Blog at 9:53 AM
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