NEWARK-A four-block strip of downtown here is primed for a makeover courtesy of developer Ron Beit of the RBH Group, who is planning to break ground this summer on an eight-building project consisting of 224 residential units reserved for Newark charter, public and independent school teachers as well as 100,000 square feet of charter schools and nearly 60,000 square feet of retail. If all goes well, work should wrap up by summer 2012.

The $120-million project–called Teachers Village at Four Cornors–would redevelop an area from Maiden Lane to Pearl Street and involve demolishing eight deteriorating buildings along Halsey Street dating from the 1870s, constructing seven buildings four to six stories tall and rehabilitating a nine-story building.

Beit has been working hand-in-hand with Newark’s Landmarks & Historic Preservation Commission, which he tells, “has certainly been receptive of the project.” However, he continues, “they have had their comments and we are working with them on our plan.” The buildings targeted for demolition are in the area known as the Four Corners Historic District but have been deemed expendable by the developer’s historic-preservation consultant, according to Beit.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.