NEWARK, N.J. — After years of approvals, court battles and a winter that derailed its original groundbreaking ceremony, Newark's most ambitious residential project in a generation has officially broken ground. Construction is now ramping up on Summit Tower, a 41-story mixed-use skyscraper at 200-206 Market St. in downtown Newark that will stand just over 514 feet tall and deliver 514 housing units to one of New Jersey's most active urban development markets.
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The high-rise comes courtesy of Newark-based KS Group and is situated at 200-206 Market Street, which was previously home to older structures that have sat vacant for at least two decades. Demolition of those existing buildings began last year. Despite a planned groundbreaking event being sidelined by heavy snow earlier this year, construction has started to ramp up at the property.
The path to construction was not straightforward. The approvals from the historic commission came with a catch, as the board wished to slightly downsize the proposed 46-story development to be shorter than the National Newark Building. As a result, the approved application from the zoning board calls for a 41-story tower that tops out at just over 514 feet.
The project also required sign-off from multiple regulatory bodies. The project has received approvals from the FAA and the Newark Landmark Historic Preservation Commission to move forward. Those clearances were significant — the Summit Tower site is situated within the Four Corners Historic District, which is listed on both the National and New Jersey Register of Historic Places.
This 465,000-square-foot high-rise features 514 stylish studios, one-bedroom and two-bedroom residences, along with affordable housing. The design showcases curving glass, staggered blocks and a landscaped crown terrace. A total of 514 residential units are included in the approved plan, which will set aside 20 percent of the units as affordable housing. Summit Tower will also feature a garage with 142 parking spaces for future residents.
Units will range from studios to two-bedrooms, with amenities such as a spa, swimming pool, fitness center and multiple lounge and entertainment areas. Additional resident amenities include a gym, lounge spaces, a foosball area, a golf simulator and a children's room.
The development will add a retail storefront along Edison Place and add to a row of bars and restaurants that have popped up in recent years across from the Prudential Center, which sits directly behind the property.
For prospective residents and the contractors building for them, the location is a central selling point. Summit Tower is located in the heart of downtown Newark, with dining, shopping, cultural attractions and Newark Penn Station, which connects to Manhattan in less than 20 minutes. The station is served by PATH, NJ Transit and Amtrak — making the project one of the most transit-accessible residential developments in the Garden State.
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Summit Tower is the flagship of KS Group's expanding Newark portfolio. KS Group has stayed busy in Newark during recent years, completing such notable developments at 50 Sussex and Central Pointe. The company has several other high-rises that have received approval and are in the works, including Nova Towers and Mulberry Pointe, the latter of which is being challenged in court.
No estimated completion date for Summit Tower has been announced. For construction firms and subcontractors tracking major New Jersey contract opportunities, the 465,000-square-foot project represents one of the largest active residential construction sites in the state.
This article is based on reporting originally published March 24, 2026, by Chris Fry at Jersey Digs. The original article can be found at jerseydigs.com.
