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Teachers Village Breaks Ground in Newark

NEWARK-Govs. Christie and Florio joined Mayor Cory Booker, Goldman Sachs chairman and CEO Lloyd Blankfein, and other officials to begin construction on the $120-million residential/education/retail complex in downtown.

By Debra Hazel | Updated on February 09, 2012

NEWARK-“It’s Hammer Time on Halsey Street!” exulted Brick City Development Corp. CEO Lyneir Richardson at the groundbreaking ceremony of Teachers Village, the mixed-use project located on Halsey Street here. Richardson was joined by New Jersey Gov. Chris Christie, former Gov. Jim Florio, Newark Mayor Cory Booker, Goldman Sachs chairman and CEO Lloyd Blankfein, numerous public officials and developer Ron Beit, managing member of lead developer RBH Group, in turning over the ceremonial first shovels of dirt on the $120-million development.

“Ron Beit had a vision and we all got behind him,” Richardson continued. The long-planned project, designed by famed architect and Newark native Richard Meier, will consist of two school buildings totaling 90,000 square feet, 200,000 square feet comprising more than 200 apartments for teachers and 70,000 square feet of retail that will serve the local community and become a destination for greater Newark.

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