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Deals & Dealmakers

Fifty-Five Union Launches Leasing in Newark’s Famed Ironbound

Leasing is officially underway at Fifty-Five Union, delivering a fresh and contemporary residential destination to Newark’s historic Ironbound District. 

Located at 55 Union Street just off the platform of Newark Penn Station and surrounded by the Ironbound’s old-world charm, culinary destinations and Downtown Newark’s entertainment landmarks, Fifty-Five Union features 403 well-appointed studios, one- and two-bedroom residences.  Monthly rents start at $1,900Initial occupancy is scheduled for this month.

Developed by Newark-based J&L Companies and designed by Minno & Wasko Architects and Planners, the distinctive 12-story building unifies thoughtful design, next-level amenities, innovative sustainable technologies and a culturally rich location.  The property also features an outdoor public plaza that will be activated throughout the year to promote community connection, along with 3,078 square-feet of ground-floor retail space.

“We are thrilled to begin leasing at Fifty-Five Union which introduces a new, modern living experience to the area,” said Gabriel Lopez, J&L Companies Vice President.  “As a local company long committed to the positive growth and economic vitality of Newark, we understand and appreciate the unique character of this community and have worked tirelessly to deliver a property that embodies the spirit and energy of the city.  We are grateful to the many municipal officials and agencies who worked with us in a collaborative effort on this transformative project, as well as the hundreds of tradespeople, architects, designers and everyone else who helped shape this remarkable residential development. We now look forward to welcoming residents and connecting them to all the unique qualities that define the Ironbound and Downtown Newark.”

Brand New, Well-Appointed Residences

Fifty-Five Union offers a collection of studios, one- and two-bedroom homes with spacious, open layouts and upscale finishes and appointments.  Found throughout the residences are chef-inspired kitchens with stainless steel appliances and quartz countertops, floor-to-ceiling windows that maximize natural light, central air, in-home washer/dryer, and solar and blackout shades.  Fifty-Five Union’s seamless integration of technology allows residents to enjoy keyless entry and apartments that are pre-wired with cost-effective ($50 per month) and fast internet service (1 gigabit) using Newark fiber powered by Gigxero and Invest Newark.

Inspired Amenities, Inside and Out

A full suite of curated amenities and services are designed to enhance resident lifestyles. More than 20,000 square feet of outdoor escapes include a landscaped rooftop garden and entertainment area with uninterrupted views of New York City and downtown Newark.  A courtyard at the center of the property provides additional open-air opportunities alongside an entertainment area with grill stations, fire pits, and lounge seating.

Indoor amenities and social spaces feature a boutique lobby with 24-hour concierge, package reception and coffee bar; club room, private dining room and catering kitchen, state-of-the-art fitness center with an outdoor exercise area, and a business lounge with private and co-working spaces, conference rooms and Wi-Fi. Residents will also appreciate the pet-friendly building’s indoor parking garage, private, bicycle and cold storage; and electronic package lockers.  

Living Green, Caring for the Environment

J&L Companies has incorporated a number of eco-friendly features into Fifty-Five Union, aligning with the city’s vision of promoting sustainability.  These include a green roof system, living wall in the lobby, gray water recycling system, electric vehicle charging stations, LED lighting throughout and Energy Star®-rated appliances.

Community Connection

Recognizing that the Ironbound neighborhood is one of Fifty-Five Union’s greatest amenities, J&L Companies is embarking on a number of initiatives to showcase the strength of the community, its people.  The developer has partnered with Gallery Aferro, Newark’s oldest operating artist-run space, which was founded in the Ironbound in 2003, to display works of art from local artists throughout the property. Pieces by Anne Q. McKeown are exhibited in the furnished model homes, and additional works of art from Newark artists will be programmed into the property’s lobby, amenity spaces and interior courtyard.  In addition, J&L is currently considering submissions for an outdoor sculpture to be displayed in the public plaza located at the entrance of the property that will be activated throughout the year, creating a dynamic and engaging environment for residents, neighbors and visitors.  Other local business partnerships currently include Sihana Café to provide coffee to residents at no charge.

Fifty-Five Union places residents in the heart of a vibrant and dynamic neighborhood.  Known for its rich cultural diversity, the Ironbound District features a wide variety of restaurants, cafes, and shops, many of which showcase distinct flavors and traditions of Portugal, Spain, and Brazil. Also close by are several notable cultural and entertainment landmarks, including the New Jersey Performing Arts Center and the Prudential Center which hosts major sporting and entertainment events throughout the year.  Newark Penn Station, located just steps from Fifty-Five Union, provides a convenient transportation hub for commuters traveling to and from surrounding areas, including New York City and Philadelphia.

Fifty-Five Union’s onsite leasing center is located at 55 Union Street.  For more information and to arrange a visit to tour the property’s furnished model homes and amenity spaces, visit www.55UnionNewark.com or call 973-803-1256. 

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