The new Whole Foods Market will be housed on the ground floor of the 400,000 square-foot landmark building, which was once home to the Hahne’s department store. The project, one of Newark’s largest rehabilitation efforts in recent years, was approved in July by Newark’s Central Planning Board and Landmarks and Historic Preservation Commission. The redevelopment, a project that L+M and Hanini will co-develop with Regan Development Corporation and Crawford Street Partners, will provide more than 180 residential units, an underground parking garage, 80,000 square feet of commercial, community, and office space on upper floors, and 50,000 square feet of ground-level retail space in addition to the Whole Foods Market.“Hahne’s was once the heart of Newark’s bustling downtown corridor, and bringing exciting new retail and housing opportunities back to the building will be critical for its restoration,” said Ron Moelis, Chairman and CEO of L+M. “We strive to find partners who share our commitment to enriching the communities in which we develop, and are excited to work with Whole Foods Market for the second time and continue our partnership with Goldman Sachs and Prudential. We hope our joint efforts will bring new economic activity and community development opportunities to downtown Newark.”
Whole Foods Market Signs Lease For Space In The Soon-to-Be-Restored Historic Hahne’s Building In Downtown Newark
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