Multimillion Dollar Landmark Repositioning Of One Gateway Center In Newark Is Complete
Advance Realty Group announced the completion of a multimillion dollar repositioning of One Gateway Center in Newark, New Jersey. The landmark mixed-use office and retail complex was acquired by Advance Realty Group in late 2002, and this endeavor is one of the largest and most important re-investment projects ever completed in Newark.
Designed by the Grad Partnership, the dramatic new lobbies and enhanced retail space at One Gateway, creates a bold, exciting and vibrant point of entry into the complex while also significantly upgrading the retail space to attract a higher end and more diverse mix of tenancy.
In addition, Advance unveiled a dramatic, secco-designed, 16’ by 9’ mural within the lobby of One Gateway. Commissioned by Advance Realty Group, Andrea Heinisch, a renowned artist from Florence, Italy, along with three other prominent artists, used a secco, meaning “dry” in Italian, technique which utilizes mineral and earth pigments. This dramatic fresco, titled the “Ideal City,” was the vision of Peter J. Cocoziello, president and CEO of Advance Realty Group, whose inspiration was to create a work of art that symbolizes the best of what the City of Newark represents.
“The repositioning of One Gateway Center represents an extraordinarily significant moment in Newark’s history,” stated Robert R. Martie, senior vice president of Advance Realty Group. “This substantial re-investment by Advance Realty Group reflects our core philosophy as a development company that has a long and successful track record of re-investing in communities throughout the state. The upgrades to this historic office building, in addition to the new mural in its lobby, creates a new sense of energy and sophistication for tenants to enjoy all of the conveniences, prestige and quality of one of the most desirable office buildings on either side of the Hudson.”
Originally built in 1971, One Gateway Center has historically been the center of business activity in Newark. Spanning 491,864 square feet of office space, with 50,000 square feet of retail space including a health club and restaurants, One Gateway Center is strategically located directly across from Newark Penn Station with Amtrak service to New York, Washington, D.C. and Boston. NJ Transit and the PATH trains also provide direct access to New York and Newark Liberty International Airport.
GVA Williams New Jersey serves as exclusive leasing agent of the office component of One Gateway Center. Current space availabilities range from 3,000 to 160,000 square feet.
Advance Realty Group is an owner and developer of office, flex, industrial, retail and multifamily properties. With five million square feet of operating properties and a development portfolio consisting of eight million square feet of commercial projects and 9,400 residential units, Advance is one of the leading real estate owners in the Northeast and is headquartered in Bedminster, New Jersey.
