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Lotus Equity announces Newark Bears Stadium redevelopment architects

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A rendering of the planned Newark Bears Stadium redevelopment project.
A rendering of the planned Newark Bears Stadium redevelopment project. - ()

Four architectural firms have been chosen by developer Lotus Equity Group to take on its Newark Bears Stadium redevelopment project.

The eight-acre site will be designed by:

“When designing this site, it was important to us that our approach be focused on community engagement, inclusion and transparency,” Ben Korman, CEO and founder of Lotus Equity Group, said. “We chose a team of architects that will not only create beautiful buildings, but also shares our commitment to urban planning and design that will thoughtfully support the urban renewal of Newark’s Central Ward. We hope that this project will serve as a model for socially sustainable developments in Newark and across the nation.”

The projects design includes 2,000 residential units, 400,000 square feet of office space, large and small-scale retail and a public section in the Broad Street area of downtown Newark.

We feel deeply privileged to be part of Newark’s renaissance under the leadership of the Lotus Equity Group and the city of Newark,” Vishaan Chakrabarti of Practice for Architecture and Urbanism said. “The entire project will set a global benchmark in groundbreaking design that builds upon the vibrant communities that already define one of the most culturally and historically significant cities on the Eastern seaboard.”

Lotus engaged PAU in 2016 to plan the site and to become one of the design architects in the project.

Michael Green Architecture, TEN Arquitectos and Minno & Wasko were selected by Lotus for their world-renowned designs throughout the country, the developer said.

“Our team is honored to be part of such a talented group of innovative, forward-thinking design leaders,” Michael Green, founder and principal of MGA, said. “We are inspired by projects that contribute to the growth, health and development of their communities. This redevelopment plan aspires to infuse Newark with a lively, active and vibrant heart. MGA is committed to the vision Lotus Equity Group has for this ambitious development and looks forward to seeing it come to life.”

TEN Arquitectos designed One York Building in Manhattan, where it turned a 19th-century building into residential, commercial and retail space.

“As a firm, Minno & Wasko is proud to be part of the redevelopment of the Newark Bears Stadium site, contributing to the vibrant urban experience of downtown Newark,” Leonard Infrance of Minno & Wasko said. “Through collaboration with the outstanding team of Lotus Equity, the design team and other professionals, we aspire to further our commitment to create quality civic space and buildings that foster a new sense of place.”

Lotus CEO Ben Korman is also the operating partner of C&K Properties, which owns 2 Gateway Center in Newark.

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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