Rutgers To Move Forward With $71M Newark High-Rise Renovation

Friday, February 17, 2012

A long-vacant 1920s high-rise in Newark with a marbled lobby and sweeping views of the city will be converted into apartment-style housing for 350 Rutgers University graduate students.

The university’s board of governors yesterday approved a $71 million renovation to turn the building at 15 Washington St. into a mixed-use complex with furnished studio apartments and one- to four-bedroom units. The 17-story building, located on the northern end of campus, previously housed the law school.

“It will be an investment by Rutgers University in a historic building in the city center of Newark, bringing back a building to life that has been basically mothballed for a decade,” said Philip L. Yeagle, Rutgers-Newark’s interim chancellor.

The plan, which has been in the works for six years, would address a growing demand for on-campus housing. Overall enrollment at Rutgers-Newark has increased by about 2 percent a year over the past decade, Yeagle said. About 200 of the 4,300 graduate students live on campus, mostly in close quarters with undergraduates.

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