The doors are open to NJIT’s new $80 million Warren Street Village, a unique, three-acre, 214,000-square-foot, mixed-use residential housing complex. Completed as forecast in less than 18 months, the complex, bounded by Colden Street to the east, Warren Street to the north and Raymond Boulevard to the southwest, will add 600 beds to NJIT’s existing inventory of residential housing. In addition, the project will feature a new restaurant, convenience store and fitness center for the NJIT community.
NJIT’s residential student housing capacity now tops 2,200 beds, an increase of some 35 percent. The new complex accommodates pent-up student demand, which until now has filled NJIT’s housing to capacity using triples in double rooms and leasing off-campus space. Village residents are a combination of Albert Dorman Honors College students in the main building coupled with four new duplex homes for members of fraternities and sororities. The new residence and amenities are timely additions as the university’s enrollment reaches 10,000 students. Attention reporters: Please join us at our ribbon cutting on Sept. 18 (11 a.m. - noon). For details, contact Sheryl Weinstein, email@example.com 973-596-3436.
NJIT President Joel S. Bloom, the founder and former dean of NJIT’s 12-year-old Dorman Honors College, has been a fervent “Village” advocate to enable an expanded learning community for the 685 Honors College students, one of NJIT’s most vibrant and successful student learning communities. The new residential Honors College will include 360 beds, computer labs, project studios, a library, student lounges, government offices and more.
The new Greek homes will provide living, dining and chapter space on the first floor, and sleeping quarters on the upper two floors.
Financing for the Warren Street Village was provided through tax-exempt bonds issued by NJIT to be repaid over the 30-year-term from rental income.
The NJIT construction project signals the first of four phases to begin the 23-acre Campus Gateway Development Project, a critical component of NJIT’s strategic priorities and the result of a six-year community development planning initiative that was led by NJIT, and actively involved members of the larger neighborhood including the James Street Historic District Association and St. Michael’s Medical Center.
Gateway Phase Two was recently launched to add parking, residences, and retail adjacent to the NJIT campus and the University Heights.
The Gateway Project will create a mixed-use neighborhood to foster 24/7 life and pedestrian activity, with retail space at street level. It focuses on four distinct areas of development. In addition to the Warren Street Village, there will be an “MLK Gateway” section, featuring larger-scale retail and residential offerings and a multi-level parking structure at Orange Street. Restaurants, office and academic space, plus a potential spot for a hotel/conference center will be the hallmarks of the “University Park” section at Central Avenue. The fourth area of development is St. Michael’s Medical Center which is completing a number of improvement projects and planning for adaptive re-use of the old hospital building. The Gateway Project was designed to be a public/private partnership where the private sector makes the investment and drives the development. Jones Lang LaSalle was the master developer.