550 Broad Street

550 Broad Street is an office building in downtown Newark, New Jersey between the Newark Light Rail stations at Washington Park and Atlantic Street.

550 Broad Street
General information
TypeOffice
Location550 Broad Street
Newark, New Jersey
Coordinates40.741944°N 74.168889°W / 40.741944; -74.168889
Completed1966
OwnerDr. Peter's Group
Heritage Capital Group
ManagementGrubb and Ellis
Height
Roof243 ft (74 m)
Technical details
Floor count19
Floor area312,003 sq ft (28,986.0 m2)
Design and construction
DeveloperMutual Benefit Life Insurance Company
George A. Fuller Company
References
[1]

[2] [3] [4] [5]

[6]

The Brutalist style building was built in 1966 during the New Newark era by the Mutual Benefit Life Insurance Company and the George A. Fuller Company and was once known as the Fidelity Union Building, after the company which occupied it.[7] In 2000, the Heritage Capital Group purchased the tower and implemented a multimillion-dollar renovation-modernization in 2001, winning the state's Building of the Year award. While Heritage sold 80% interest in 550 Broad Street in 2005, it retains 20 percent ownership and acts as executive operating partner and on-site manager.[8][9] The company also renovated nearby 570 Broad Street.[10] As of 2012 the major tenant for the building is IDT, which is owner of the nearby Mutual Benefit Life Building.[11]

See also
550 Broad, NJ Bell, Mutual Benefit looking west from Passaic River

References
  1. "550 Broad". Grubb and Ellis.
  2. "550 Broad". Loopnet.
  3. "550 Broad". Emporis.
  4. "Newark to Get New Office Building". The New York Times. Retrieved 2012-10-08.
  5. "550 Broad". Heritage Capital Group.
  6. "550 Broad". Skyscraperpage.
  7. "550 Broad". Skyscraper Center.
  8. "550 Broad". Heritage Capital Group.
  9. "Small company's commitment yields big results in Newark". Hagedorn.
  10. Martin, Antoinette (May 22, 2005). "New Life for 'Disgusting' Office Building". The New York Times. Retrieved 2012-10-08.
  11. Beeson, Ed (June 26, 2012). "IDT landlord threatens eviction over unpaid rent". The Star Ledger. Retrieved 2012-10-08.
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