Newport Tower (Jersey City)

Newport Tower
The Newport Tower.
Record height
Tallest in New Jersey from 1991 to 1992[I]
Preceded byExchange Place Center
Surpassed by101 Hudson Street
General information
StatusCompleted
Coordinates40°43′40″N 74°02′06″W / 40.72778°N 74.0351°W / 40.72778; -74.0351
Opening1991
OwnerMulti-Employer Property Trust
Height531 ft (162m)
Technical details
Floor count37
Floor area98,566 m2 (1,060,960 sq ft)
Lifts/elevators22
Design and construction
Structural engineerCantor Seinuk Group
Main contractorHuber Hunt & Nichols
References
[1][2][3]

The Newport Tower (also known as 525 Washington Boulevard) is an office building in the Newport area of Jersey City, New Jersey. It was briefly the tallest building in New Jersey upon its completion. It has 37 floors, is 531 ft (162 m) tall, and is connected to the Newport Centre Mall. The mall is one of the few enclosed, regional shopping facilities in Hudson County. The building was developed by Melvin Simon & Associates in 1990. The Newport Tower is next to the Hudson River and is almost exactly across the river from the World Financial Center in Manhattan.

The tower received a facelift in the summer of 2005; wooden panels were installed on the lobby walls, and LCD advertisement screens added to the elevators. The colonnade in front of the building was removed in July 2008. A new elevator management system, Schindler ID, was installed in the building in September 2009.

On October 19, 2011, Multi-Employer Property Trust purchased the Newport Tower from Brookfield Properties for $377.5 million.[4] Brookfield Properties took ownership of the Newport Tower in June 2006 after the $4.8 billion acquisition of Trizec Properties.[5]

See also

References

  1. ^ "Emporis building ID 121652". Emporis. Archived from the original on March 7, 2016.
  2. ^ "Newport Tower". SkyscraperPage.
  3. ^ Newport Tower at Structurae
  4. ^ "Brookfield Office Properties Sells Newport Tower in Jersey City, NJ For Record Price". Brookfield Office Properties. October 19, 2011. Retrieved March 9, 2012.
  5. ^ "Newport Tower in Jersey City sells for $377.5 million, biggest office property sale in state history says seller Brookfield Office Properties". The Star-Ledger. October 21, 2011. Retrieved March 9, 2012.