30 Unit Proposal for Newark Avenue

Rumors circulating over on JCList suggest that the western end of Newark Avenue might finally be tickled with redevelopment. It seems a 5 story building with underground parking has been proposed for the sites at 292 - 294 Newark Avenue and 334 - 336 & 340 Third Street. Further, the property at 334 - 336 Third Street seems to have been recently sold: the $2.2 Million Listing is "no longer available." The description for that parcel of land includes "Approved Plan to build 12 residential and 2 commercial units... a total of 17,000 sf."