Take a look inside the largest wooden office complex in the US
Riverfront Square, an 11.8-acre site, is right next to Newark's waterfront.
The project is expected to produce up to 2,000 residential units, retail space, a hotel, 2 million square feet of office space, and parking spots in downtown Newark.
Timber construction projects can have environmental benefits, as they absorb and retain carbon until the wood is burned or decomposes.
Manufacturing of concrete and steel, meanwhile, accounts for about 10% of greenhouse-gas emissions, Lotus Equity Group noted in a press release.
The new office complex will replace the former Bears & Eagles Riverfront Stadium, a 6,200-seat baseball park.
The project's first phase — a mass timber office tower and a 733-unit apartment building with retail space on the ground floor — could break ground as soon as spring 2019.
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