Residential leasing surpasses 50 percent for downtown Newark’s historic Walker House (slideshow)

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L+M Development Partners, Prudential Financial Inc. and Goldman Sachs Urban Investment Group (UIG) on Friday announced that the 263 residences at Walker House, the historic 21-story home of NJ Bell at 540 Broad Street in the heart of Downtown Newark, are now more than half leased.

Since leasing began in early summer, L+M said it found that renters are particularly drawn to the unique living experience that Walker House offers in Downtown Newark.  Walker House includes studios through three-bedroom units that start at $1,845. Each residence includes stainless steel appliances, premium solid quartz countertops, full-height porcelain backsplashes, and in-home washers and dryers. Select homes include private terraces.

The building’s top floor is fully dedicated to resident amenities and includes a state-of-the-art fitness center and yoga studio, a library lounge, a private catering kitchen, and dining room and 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, which will begin opening their doors this month. Newark Local Beer, a craft brewery and taproom, will open on the ground floor in the spring, along with Bada Bean Cawfee. Also opening in the coming months on the ground floor and lower level will be Method Climbing, the first indoor rock-climbing gym in Newark. The ground floor will also house a UPS Store. And in April, Walker House welcomed Per Scholas, a tech training non-profit.

Walker House is located across the street from light rail service and is just blocks away from the NJ Transit Broad Street Station. It is a ten-minute walk from Newark Penn Station—with access to Amtrak, PATH and NJ Transit rail.