NEWARK-The Washington Park/North Broad Street real estate district has added an upscale eatery to its market amenities. Martini 494 Bistro, a restaurant and bar, has opened in the ground floor retail space at 494 Broad St., a building that is fully leased and anchored by the Genova, Burns & Giantomasi law firm that vacated its Livingston, NJ headquarters for Newark in 2008.
The opening of Martini parallels the trend of suburban businesses relocating to Newark; the new restaurant’s sibling is Martini Bistro & Bar in Millburn. Ted Stampoulos, managing partner of both locations, recognized a demand for an elevated dining experience when he decided to create a Newark version of Martini.
“Converging trends quickly moved Martini in Newark from the concept stage to reality,” he tells GlobeSt.com. “For one, there are now more people on the north end of Downtown. Rutgers Business School has been open for one year. More companies are moving in because a city location better suits their needs than suburban office parks.”
To reflect Martini 494’s commitment to green practices, elements from Newark’s past have been integrated into the design of the restaurant’s interior space. It features a bar and communal table constructed from yellow and white pine collected from demolition sites throughout the city, such as 191 Market St., 35 Edison Place and 17-19 Crawford St. In addition, the restaurant’s sustainable amenities include Energy Star-certified appliances and kitchen equipment and recycled glass bottles and jars for condiments and water.
“Just a few blocks away from the Rutgers Newark campus, the Washington Park/North Broad Street District has long offered high-end office space, cultural assets via the Newark Museum and the Newark Public Library, entertainment at the Bears and Eagles Riverfront Stadium and excellent transportation,” says Marc Berson, chairman of Fidelco Realty Group, the owner and developer of 494 Broad St. and One Washington Park. “But the neighborhood has been in need of restaurant offerings beyond the casual lunch diner. With Martini, the area has taken another step to put it on par with any business district in the city.”
The 125-seat, 4,000-square-foot Martini 494 features a full-service bar, a lounge area and a dining room in addition to a caf
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