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New York & Tri-State  + New Jersey  + Finance  | 
The Halo will be the tallest building in Newark, NJ when completed.

Parkview Provides $90M for Construction of Newark High-Rise 

Parkview Financial provided a $90-million construction loan to Acier Holdings for the construction of Phase I of The Halo, a high-rise apartment project at 289-301 Washington St. in Newark, NJ. Phase I will include 297 units in 38 stories over a five-level parking structure. At 43 stories, the project will be the tallest building in the city.   

Acier Holdings acquired the site in 2017 and subsequently secured approval for a three-phased project to total approximately 949 units in three towers. With the loan in place, construction of Phase I will begin immediately, with completion anticipated for January 2024. 

“Newark continues to see billions of dollars in capital investment for new and redevelopment projects and we have identified this as an expanding rental market, convenient to Manhattan and other major job centers for its residents,” said Paul Rahimian, president and CEO of Parkview Financial.   

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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