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Fidelco Plans $20M Upgrade for 1 Washington Park

NEWARK-The Fidelco-owned building will get a $3-million lobby. It faces a North Broad Street Quad that is getting a similar facelift.

By Sean Ryan | Updated on November 28, 2005

Sean Ryan is associate editor of Real Estate New Jersey .

NEWARK-Fidelco is planning a $20-million upgrade of 1 Washington Park here in the CBD of the state’s largest city. Approximately $3 million of the total will go toward a new two-story lobby.

The 405,000-sf, 17-story office building will be upgraded to class A space with new elevators and bathrooms, fiber-optic wiring, energy-efficient HVAC and new security systems. New tenant amenities will include a fitness center, conference facility and ground-floor retail. The site was originally constructed in 1983.

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