Paramount Unveils 35 Rentals, Retail Space At Historic Department Store Property In Plainfield
The Newark-based firm has already leased 60 percent of the homes at 171 East Front St., the site of Rosenbaum’s Department Store from 1927 to the mid-1980s, according to a news release. On Monday, the company welcomed local officials to celebrate its reopening as Frontier Flats, touting the addition of new housing and 26,000 square feet of retail space.
Plainfield Cuts the Ribbon on Netherwood Flats, the 70-Unit Development Project on South Ave.
A ribbon-cutting ceremony was held Friday at Netherwood Flats, the new four-story development, and largest investment by the family-owned Paramount Assets, consisting of 70 one- and two-bedroom apartment units at 829 South Avenue in Plainfield. Paramount Assets Senior Vice President Richard Dunn said, “This is a culmination of a lot of people’s hard work.” He added there is “so much more to come from Paramount Assets and the City of Plainfield working together.”
Plainfield’s Netherwood Flats, The Mixed-Use, Transit-Oriented Redevelopment, Nears Completion
The first phase of Netherwood Flats will be available for occupancy in January, and the final phase will be completed in March 2023. Netherwood Flats has begun pre-leasing and is offering specials for residential tenants through February 28, 2023. Details and requirements can be found at www.netherwoodflats.com. Prospective residents can visit the onsite leasing office and see a model apartment at 829 South Ave. Call 201-858-8182 to schedule an appointment.
Paramount Assets Reveals Restoration Plan for Historic Building in Downtown Newark
The mid-century era was unkind to older forms of architecture. Historic buildings that weren’t demolished were often stripped of ornamentation or covered with superficial materials. However, as current tastes change in favor of that lost ornamentation, developers are restoring original facades.
Paramount inks lease in Somerville with custard, yogurt chain
A frozen custard chain has opened its doors in downtown Somerville, under an 800-square-foot lease with property owner Paramount Assets. The franchise location is the latest among more than two dozen for the Duncansville, Pennsylvania-based operator, which sells frozen custard, frozen yogurt and other menu items.
14 murals transform Downtown Newark in first phase of public arts project
Four Corners Public Arts’ partners, supporters, artists and Newark residents recently celebrated the conclusion of the initiatives’ first phase, announced in July — a series of 14 murals that have transformed facades and surfaces on Treat Place and Beaver Street in the Downtown District.
Creative Non-Profit ‘Project for Empty Space’ Leases 20,000 Square Feet in Newark
The nine-year-old non-profit organization Project for Empty Space, which uses contemporary art to spur conversations about social issues, recently leased 20,000 square feet in a building on Broad Street in downtown Newark.
Netherwood Flats Groundbreaking Highlights 70 Units, Retail Space Coming to Plainfield
Netherwood Flats is the latest development project to break ground in Plainfield.
Taco Bell opens new location in Wharton
Taco Bell announced Wednesday it has opened a new restaurant in Wharton.
Japanese Fast Casual Restaurant Chain to Make New Jersey Debut
Go! Go! Curry Leases at Paramount Assets’ Adaptive Reuse Project in Revitalized Downtown Newark
Paramount Assets Expands, Relocates HQ to Downtown Newark
The firm has shifted from its 6,000-square-foot headquarters in Elizabeth to approximately 12,000 square feet of space at 45 Academy St. in Newark.
7-Eleven Celebrates Opening at Paramount Assets’ William Flats in Newark, N.J.
Ribbon Cutting Event Marks Another Milestone for Adaptive Reuse Project
Paramount Assets Launches Franchisee Service In NJ
Paramount Assets has launched Franchise Connect, a free program aimed at helping franchises and small businesses grow in New Jersey and prospective franchisees succeed.
The Future Remains Bright for Redevelopment in Newark
While Newark did not become home to Amazon’s new headquarters, the city’s consideration and selection for the Seattle-based tech giant’s HQ2 top 20 list is still notable.
Real estate forecast: NJ strengths include educated workforce, transportation infrastructure
A growth in business including the life sciences sector makes New Jersey strong for business and its access to Newark and public transportation is a bonus, according to business leaders.
New frontier: Levys’ Paramount Assets is finally making plunge into city investment — and diving into Newark head-first
In 2014, nearly two decades after the brothers had helped elevate the family real estate business into a growing force on the outskirts of some of the biggest cities in New Jersey, Maurice and Ronnie Levy decided it was time to bring Paramount Assets into Newark in a big way.
Paramount adds historic 12-story office tower in downtown Newark
Paramount Assets has added to its Newark holdings with the acquisition of a historic, 100,000-square-foot office tower across from Prudential Financial’s world headquarters.
Burger King opens new space in Perth Amboy
Burger King has recently celebrated the grand opening of a new fast-casual restaurant in Perth Amboy, it announced Friday.
Paramount Assets brings two adaptive reuse projects to downtown Newark
Paramount Assets has purchased a pair of planned adaptive reuse projects that the company says will breathe new life into two of Newark’s downtown commercial properties.
Newark building adds 7-Eleven as tenant
A 7-Eleven has opened in a 2,500-square-foot space at Newark’s Ironbound Plaza building, developer Paramount Assets announced this week.
Paramount Assets Brings Blink Fitness to Irvington
Blink Fitness had its grand opening of its newest Garden State location at 440 Eastern Parkway in Irvington. The newly renovated shopping center, known as Maple Spring Commons, is owned and managed by real estate investment firm Paramount Assets.
Blink Fitness finds its own cool-kid city, in The Urbane Franchisor
Blink Fitness recently partnered with Paramount Assets, a New Jersey-based commercial developer with an urban focus that’s completed many retail projects in Newark, including several adaptive re-uses of neglected old buildings.
Paramount Assets brings custard franchise to Somerville
Meadows Original Frozen Custard is taking up root in Somerville. The frozen treat franchise celebrated the grand opening of its 800-square-foot space at Paramount’s 92 West Main St. property.
After A Decade Of Failures, Newark’s New Construction Boom Finally Takes Off
As previously reported in Jerseydigs.com, 869 Broad Street was rehabilitated by Paramount Assets into 12,000 square feet of ground-floor retail space and 37 apartments above. The development will feature an open-air courtyard at its core.
Construction of Paramount Assets’ William Flats in Newark passes halfway mark
Construction of the William Flats, a luxury multifamily rental property with ground-floor commercial space in Newark, has passed the halfway point, developer Paramount Assets announced Friday.
Paramount Assets acquires Newark property
Located in the University Heights area of downtown Newark, the properties offer adaptive reuse potential, according to Paramount Senior Vice President Richard Dunn.
Always Seeking Value
Paramount Assets intends to either convert the property into a mixed-use tower or preserve the historic buildings. The company is known to favor adaptive reuse projects in once-industrialized cities throughout New Jersey, having recently completed the conversion of another Newark asset situated at 2 Ferry St.
Paramount Assets Grabs Value-Add Opportunity in NJ
Paramount Assets has acquired 560 Broad Street in Newark. The property includes a 33,000-square-foot, four-story office building and an 18,000-square-foot café and theater.
Paramount Assets adds 33K sq.ft. office building to its Newark property portfolio
Paramount Assets has added a four-story office building to its Newark property portfolio, it announced Friday.
Paramount acquires 51,000 sq. ft. Newark property
The value-add and potential adaptive reuse opportunity follows Paramount’s other recent projects in Newark.
Construction Reaches Mid-Way Point at William Flats
Construction has reached the mid-way point at Paramount Assets’ William Flats, a luxury multifamily rental property in Newark.
Paramount Assets Reaches Halfway Point on NJ Luxury Mixed-Use
Paramount Assets has reached the halfway point in the construction of William Flats, a luxury rental community in Newark, N.J.
Paramount plans fall opening for 37-unit Newark rental project
A developer is on track to deliver 37 new luxury apartments in Newark this fall, as part of its adaptive reuse of a historic commercial property in the downtown.
Blink Fitness opens at mixed-use site in East Orange
A new Blink Fitness has opened in East Orange, signifying a step forward for a mixed-use redevelopment underway in the city’s downtown Transit Village District. Paramount Assets purchased the 50,000-square-foot property located at 600 Central Ave.
Blink Fitness opens East Orange location
Paramount Assets and Blink Fitness announced the official opening of a new Blink Fitness location at 600 Central Ave. in East Orange. Paramount Assets said purchased the property in 2016.
Ironbound bank building reborn as home of 7-Eleven, fitness chain
A well-known bank building in Newark has found new life as the future home of a 7-Eleven and a growing fitness chain, following a series of renovations by a real estate investment firm.
Ironbound Plaza continuing to add tenants
Newark’s Ironbound Plaza shopping center has signed a lease with 7-Eleven, and is near a deal with Blink Fitness, according to owners Paramount Assets.
Renovated Ironbound Plaza Fully-Leased in Newark, NJ
Ironbound Plaza is fully-occupied, less than a year after new owners began a full restoration and renovation of the limestone landmark at Two Ferry St., just across from Penn Station in downtown Newark, NJ.