Prime High-Rise Development Opportunity In The Heart Of Downtown Newark – Matthews™ is pleased to present 900 Broad Street (the “Site”), an exceptional high-rise development opportunity positioned at the epicenter of Downtown Newark’s rapidly evolving urban core. Fully approved for a 53-story, 490-unit luxury residential tower and supported by ASPIRE credit approval, the project offers investors a rare chance to deliver a skyline-defining asset in one of the Northeast’s most dynamic growth markets.

Premium Product Positioned to Achieve Above-Market Rents – Approved plans deliver a modern, institutional-quality residential tower with high-end unit layouts, expansive amenities, and a scale that differentiates it from both existing and planned supply. Combined with immediate access to major employment centers and Downtown Newark’s accelerating growth, the asset is positioned to command rent premiums and capture top-of-market renter demand.

Unmatched Transit Connectivity & Regional Accessibility – Positioned between Newark Penn Station and Broad Street Station, the site delivers immediate access to NJ Transit, PATH, Amtrak, Light Rail, and major bus routes—connecting residents to Manhattan, Jersey City, Hoboken, and Newark Liberty International Airport in minutes. This exceptional connectivity places over 200,000 regional jobs within an ultra-short commute, driving long-term residential demand and premium rent potential.

Downtown Newark’s Accelerating Urban Renaissance – The surrounding area continues to experience meaningful revitalization led by new residential towers, institutional investment, infrastructure improvements, and expanding retail, restaurant, and entertainment offerings. With anchors like Prudential Center, NJPAC, Rutgers-Newark, NJIT, and Mulberry Commons shaping a vibrant mixed-use environment, 900 Broad Street is positioned to benefit from Newark’s next phase of large-scale urban growth.

Best-In-Class Design, Amenity Program & Institutional-Scale Exit Potential – Approved plans incorporate a modern glass tower with premium unit layouts, balconies, and an amenity stack spanning multiple levels—including fitness, co-working, lounges, gaming areas, and sky-level entertainment. The project’s size and quality create operational efficiencies and make it highly attractive to REITs and institutional multifamily buyers upon stabilization, providing flexible exit strategies and long-term value creation.