Historic Industrial Converts to Rental Units

NEWARK-Newwork Real Estate has retained Tekton Development Corp. as the general contractor for the Richardson Building Lofts. Built in 1912, the six-story, 66,000-square-foot former jewelry factory located here at 50-60 Columbia St. will be converted into a 67-unit, loft-style apartment building.

“Richardson Lofts is an architectural and historical gem,” says Brendan Murray, president of New Brunswick-based Tekton Development. “We are delighted to be involved in the restoration of a building that represents such a significant contribution to the revitalization of downtown Newark. The project also allows us to draw on Tekton’s expertise in green building techniques.”

While Tekton prides itself on its commitment to green building, Murray tells GlobeSt.com that the $17-million restoration of the Richardson building has posed some special challenges, including recycling as much of the original building material as possible.