New Jersey Institute of Technology (NJIT) has announced the selection of a leading real estate consulting firm and world-renowned architect to begin the planning stage of the university’s Campus Gateway initiative. This real estate development plan will include property north of the NJIT campus and a fraternity and sorority housing complex at the south edge of the campus. Jones Lang LaSalle, one of the world’s largest real estate services firms and an experienced leader in providing many universities with their neighborhood development plans, has been selected as “master developer,”while Elkus Manfredi Architects has been appointed “master planner.”
The Campus Gateway project is a multifaceted plan that would revitalize an area around the NJIT campus, focused on Martin Luther King Jr. Boulevard between Central Avenue and Orange Street. The project would enhance four blocks of the MLK section of the James Street Historic District that includes Rutgers University’s Newark campus, as well as NJIT.
The project would provide many basic amenities essential to creating an exciting urban lifestyle for the area’s thousands of university students, faculty, staff, and Newark residents. The program includes a “Greek Village” at the southern end of the NJIT campus and the reuse of a vacant section of St. Michael’s Hospital. The plan will consider retail opportunities and additional housing. In the coming months, the team of Jones Lang LaSalle and Elkus Manfredi Architects will be conducting feasibility studies in order to present its conceptual redevelopment plan to Newark’s City Hall in late June.
NJIT, in conjunction with Jones Lang LaSalle and Elkus Manfredi Architects, will host a series of in-depth focus group meetings with local stakeholders and interested parties, and launch a polling initiative to arrive at a consensus as to the most pressing needs of the local community.
“Enhancing the community that surrounds NJIT and campus life is important to both the growth of our urban university and to the prosperity of the city of Newark as a whole,” stated NJIT President Robert A. Altenkirch. “At this point in time, NJIT has an exceptional and exciting opportunity working with various stakeholders to provide leadership and guidance in the redevelopment of our neighborhood and the strengthening of our Greek Life organizations. We are pleased with the choice of Jones Lang LaSalle, an international leader in real estate services, as master developer, and Elkus Manfredi Architects as master planner of this forward-looking community-based enterprise.”
Dennis Squilla, managing director of Jones Lang LaSalle’s New Jersey project development services group, added, “NJIT’s Campus Gateway Plan is extremely important to the continued growth of the university and the city. Our diverse team of highly qualified professionals has an extensive track record of completing similar higher-education related projects. We are proud to have been awarded this prestigious assignment and look forward to working closely with NJIT and Elkus Manfredi Architects on creating a plan that gives this area the services, amenities and infrastructure to be a vibrant urban neighborhood.”
David Manfredi, principal in charge for Elkus Manfredi Architects commented, “We are very excited to be joining this outstanding team of professionals for such an important undertaking. As NJIT and the city of Newark continue to reinvest in their neighborhoods, we look forward to being an integral part of the team to make this project a resounding success.”
Jones Lang LaSalle has extensive experience in serving many prestigious universities with their real estate needs including the University of Pennsylvania, The Ohio State University, San Jose State University, Georgia Tech, Massachusetts Institute of Technology and Boston University.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to FORTUNE magazine’s “100 Best Companies to Work For” and Forbes magazine’s “400 Best Big Companies,” has approximately 150 offices worldwide and operates in more than 450 cities in over 50 countries. With 2006 revenue of over $2.0 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of over 1.0 billion square feet worldwide. In 2006, the firm completed capital markets sales and acquisitions, debt financings, and equity placements on assets and portfolios valued at $70.9 billion. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse real estate money management firms, with approximately $40.6 billion of assets under management. www.joneslanglasalle.com.
About Elkus Manfredi Architects
Elkus Manfredi Architects is a nationally recognized design firm providing architecture, master planning, urban design, and interior architecture. Founded in 1988, the firm has completed numerous buildings on and adjacent to university campuses including commercial retail centers, residence halls, research facilities, offices, classrooms, market rate housing, performance centers, and other academic support spaces. The firm’s academic clients include The Ohio State University, University of Pennsylvania, Franklin & Marshall College, Duke University, Johns Hopkins University, Harvard University, Emerson College, and Massachusetts Institute of Technology. www.elkus-manfredi.com
New Jersey Institute of Technology, New Jersey's science and technology university, enrolls more than 8,000 students in bachelor's, master's and doctoral degrees in nearly 100 degree programs offered by six colleges: Newark College of Engineering, New Jersey School of Architecture, College of Science and Liberal Arts, School of Management, Albert Dorman Honors College, and College of Computing Sciences. NJIT is renowned for expertise in architecture, applied mathematics, wireless communications and networking, solar physics, advanced engineered particulate materials, nanotechnology, neural engineering, and eLearning. NJIT: The Edge in Knowledge. www.njit.edu