Newark’s Walker House residences more than 90 percent leased

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L+M Development Partners, Prudential Financial Inc. and Goldman Sachs Urban Investment Group (UIG) on Wednesday said the 211 luxury residences at Walker House are now more than 90 percent leased.

The historic 21-story former home of NJ Bell at 540 Broad St. in the heart of Downtown Newark offers amenities with high-end finishes. It is located close to parks and cultural institutions, as well as light rail and the New Jersey Transit commuter rail station for a half-hour ride into Lower Manhattan.

The Marketing Directors is exclusively handling marketing and leasing for Walker House’s market-rate residences out of an on-site leasing office.

“Since leasing began a year ago, the one of a kind living experience that Walker House offers renters in the heart of Downtown Newark has made it an obvious choice, pairing the historic building’s awe inspiring Art Deco architecture with the comforts of modern amenities and residences, world class views, and convenient access to transit,” said Sam Chapin, associate director at L+M Development Partners. “Home to what will be Newark’s first rock climbing gym and best brewery in town, Walker House has emerged as one of the best places to live in the area.”

Walker House opened in June 2019 and includes studios through three-bedrooms starting at $1,845 with one month free on a 13-month lease.

The restoration of the landmarked site, designed by famed architect Ralph Thomas Walker, at once honors Downtown Newark’s history while celebrating its future as a mixed-use building that cultivates a live-work-play culture. Work included the renovation of its lobby and brick-and-sandstone exterior, both of which were added to the U.S. National Register of Historic Places in 2005.

The building’s top floor is fully dedicated to resident amenities: A state-of-the-art fitness center and yoga studio, a library lounge, private catering kitchen and dining room, as well as a game room. The amenity floor features a rooftop terrace with outdoor seating and dining.

The pet-friendly, smoke-free building also includes bicycle storage, resident storage, a 24/7 doorman and a porte-cochere on Atlantic Street.

Walker House will also include commercial and retail tenants such as craft brewery and taproom  Newark Local Beer, which will open on the ground floor by the end of the year, along with Bada Bean Cawfee. Also opening in the coming months on the ground floor and lower level are Method Climbing and a UPS Store. In April, Walker House welcomed tech training nonprofit Per Scholas, a .