NEWARK, NJ | The Halo (289-301 Washington Street) | 573 FT | 46 + 42 + 38 FLOORS - Page 3

chris08876 · #41 Posted **Sep 17, 2023, 5:31 PM**

Credit: Skyalign

chris08876 · #42 Posted **Oct 3, 2023, 6:32 PM**

Credit: Gamezilla2022

colemonkee · #43 Posted **Oct 4, 2023, 1:57 AM**

Facade looks promising on this one!

chris08876 · #44 Posted **Oct 18, 2023, 6:21 PM**

Halo on the left. Also a nice perspective on DT Newark.

Credit: SnooStories579

chris08876 · #45 Posted **Dec 23, 2023, 8:50 PM**

Credit: NeeNeeBoy

chris08876 · #46 Posted **Feb 26, 2024, 5:22 PM**

Phase I is topped out.

Credit: Image courtesy of Hudson Meridian Construction Group (Via JC Digs)

chris08876 · #47 Posted **May 28, 2024, 7:27 PM**

Credit: Spirited_Crew_5739

Jersey997 · #48 Posted **Jun 16, 2024, 5:23 AM**

I heard that construction has completely halted and I've seen pictures of all equipment being taken off the site. Does anyone have information and updates on the situation?

chris08876 · #49 Posted **Jun 21, 2024, 12:04 AM**

^^^^

Phase I is topped out. Maybe interior work. Haven't heard of any stall in construction, potentially interior related. Word is it could be electrical related, having to do with the wiring and electrical components.

= = = = =

Pic by me. Taken today.

ColDayMan · #50 Posted **Jun 23, 2024, 8:32 PM**

I apologize as I'm a little confused reading this thread. What is the final height of this tower that's topped out?

NYguy · #51 Posted **Yesterday, 6:23 PM**

https://therealdeal.com/new-york/tri...ewark-trouble/

Developer blames lender for troubles at Newark’s splashiest project
Lakewood-based Acier Holdings says Parkview stopped funding Halo tower

JUL 16, 2024
By Keith Larsen

Quote:

The Lakewood-based development group behind a massive three-tower development in Newark alleges their lender stopped funding the project.

An entity tied to Acier Holdings filed a lawsuit in New Jersey state court claiming the project’s lender Parkview Financial is undercapitalized and is failing to fund their project known as The Halo. The towers will become some of the tallest buildings in Newark, reshaping the city’s skyline.

Quote:

The developer alleges problems became evident with the lender in early 2023 as construction on the first tower neared completion. According to the complaint, Parkview stopped funding the loan disbursements, which remain outstanding over a year, causing delays in construction.

'We expect that the courts will compel the lender to act appropriately and award our clients the damages its failures have caused,” said Christopher Milito of Morrison Cohen, attorney for the developer.