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PRESS RELEASE
Contact Information: Tanya Klein Public Relations 973-596-3433

WHAT: New Jersey Institute of Technology (NJIT) will host the launch of Phase 1 of the NJIT Campus Gateway MLK Project.

In September 2007, New Jersey Institute of Technology, in cooperation with other area stakeholders, created the Gateway Development Plan for the redevelopment and rehabilitation of approximately 21.5 acres of land located within the University Heights area of the City of Newark. The intent was to create a gateway between the college campuses and existing neighborhoods and enhance the quality of life for members of the community. In 2009, NJIT was designated the Master Redeveloper for this plan by the City Council of Newark.  In 2013, NJIT completed the initial components of the Gateway Development Plan by constructing the Warren Street Village. This included five duplex units to house 10 fraternity and sorority organizations that had previously inhabited houses along Dr. Martin Luther King Jr. Blvd. In addition, the Albert Dorman Honors College residence hall, a mixed-use facility for student housing with ground floor retail, was an integral part of this development.

The next step in the Gateway Redevelopment Plan is the NJIT Campus Gateway MLK Project, which consists primarily of the redevelopment of Blocks 2857 and 2858 of Dr. Martin Luther King Jr. Blvd. This will be completed in at least three phases. Phase I will include construction of one building with 99 market rate apartments consisting of studio, one-, and two-bedroom units. In addition, 1,300 square-feet of ground floor retail space will be built and 100 parking spaces for tenants and patrons will be established.

NJIT has designated development rights for this effort to a commercial developer, the PRC Group. PRC has been a leader in public-private partnerships, having served as the developer of Campus Town at The College of New Jersey as well as the University Place Redevelopment for New Jersey City University.

WHEN: Wednesday, April 25, 2018, 9:30 a.m.

WHERE: 240 Dr. Martin Luther King Jr. Blvd., Newark, NJ 07102. Parking will be available directly across the street at St. Michael's Hospital, 239 Dr. Martin Luther King Jr. Blvd., Newark, NJ 07102

WHO: Speakers to include Joel S. Bloom, President of NJIT; Ras J. Baraka, Mayor of the City of Newark; Joseph N. DiVincenzo Jr., Essex County Executive; Robert M. Kaye, Chairman and CEO of the PRC Group

One of only 32 polytechnic universities in the United States, New Jersey Institute of Technology (NJIT) prepares undergraduate and graduate students and professionals to become leaders in the technology-dependent economy of the 21st century. NJIT’s multidisciplinary curriculum and computing-intensive approach to education provide technological proficiency, business acumen and leadership skills. NJIT has a $1.74 billion annual economic impact on the State of New Jersey, conducts approximately $140 million in research activity each year, and is a global leader in such fields as solar research, nanotechnology, resilient design, tissue engineering, and cybersecurity, in addition to others. NJIT is ranked #1 nationally by Forbes for the upward economic mobility of its lowest-income students and is among the top 2 percent of public colleges and universities in return on educational investment, according to PayScale.com.