Russo Development announced that it is now leasing at Vermella Broad Street, a new addition to Downtown Newark’s housing market. Situated at 355 Broad Street and adjacent to the city’s Broad Street NJ TRANSIT train station, the community boasts 296 apartments. Additionally, the development offers 40,000 square feet of amenities, including a roof deck and a swimming pool.
Vermella Broad Street presents a range of living spaces from studios to two-bedroom apartments. Rental prices start from the $1,900s. For a limited period, the development extends a grand opening special, offering one month free on a 13-month lease. The developers have scheduled initial occupancy for December 2023.
Furthermore, Vermella Broad Street enriches the Russo Development portfolio, following the success of the Vermella brand in Harrison, Union, Orange, and Kearny. This new location aspires to mirror the energetic and diverse culture of Newark, serving not only as a residence but also as a communal venue. Importantly, the ground floor will feature a public gallery, displaying works of local artists and hosting neighborhood events.
Dynamic Living Spaces
The development integrates twin five-story buildings into the existing urban landscape. Each apartment showcases design features such as high ceilings and expansive windows. Residences include Nu-Wud flooring, spacious walk-in closets, and gourmet kitchens with quartz countertops and stainless steel appliances. Additionally, the bathrooms offer premium fixtures, and select units boast private balconies.
Community and Convenience
Vermella Broad Street distinguishes itself with 40,000 square feet of amenities designed for a dynamic lifestyle. The property features a landscaped courtyard, a resort-style pool, BBQ areas, and a rooftop deck offering panoramic views. For pet owners, there is a dog run. Inside, the amenities continue with a clubroom, a resident lounge, a state-of-the-art fitness center, and dedicated co-working spaces. The buildings provide secure garage parking, enhanced by 24-hour gated security and access control.
Prime Location
Located less than 500 feet from the NJ TRANSIT Broad Street Station, Vermella Broad Street enables direct access to New York Penn Station in under half an hour. The property is also well-connected to major highways and lies within a walkable distance to downtown Newark and university campuses. Moreover, residents have nearby access to cultural venues such as the Newark Museum of Art and the New Jersey Performing Arts Center, not to mention the Ironbound district’s diverse culinary scene.
