Introducing Studebaker Lofts, RPM Development’s newest rental property in Newark. The building is located at 368 Broad Street and is conveniently located Downtown steps from Broad Street Train Station and the Light Rail.
Studebaker Lofts is a mixed-income project that brings together two goals– the provision of high-quality, affordable rental housing for families and the creation of market rate rental units to continue the trend of bringing income diversity to downtown Newark. The project transformed an unutilized industrial building into 34 market rate units and 34 units affordable to households below 60% of median income. The building has served several industrial uses, including as a service center for Studebaker automobiles in the 1930’s.
Fourteen of the market units feature 14’ loft ceilings and a built-in loft sleeping area. Nineteen of the market units also feature terraces that provide private outdoor space and bring ample light into the unit. Studebaker Lofts is conveniently located steps away from the Broadway Train Station and Light Rail. The building features an energy-efficient design in accordance with the EPA Energy-Star Program requirements and incorporates a number of sustainability measures that resulted in LEED certification.