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Essex Plaza

Essex Plaza is located in Newark’s Lincoln Plaza Historic District, just minutes from
downtown and its many attractions, including the Symphony Hall and Prudential Center.
There are 13 properties in this portfolio, and the work currently underway at one of
them — a 450-unit seniors residence — represents the kind of refurbishing the other
properties can expect in the near future.

Fairstead has already invested $27M in sustainable improvements alone: Energy Star™
appliances, window treatments, and more. Kitchens have new quartz countertops
as well. A portion of the units will be brought up to UFAS accessibility standards, to
accommodate residents with mobility challenges. And the property is being wired for
full internet and cable access.

Further planned improvements include a rehabbing of the community room and
accompanying kitchen, as well as construction of a fitness center. Around-the-clock
resident-services personnel will facilitate access to health, medical, and other social
services, and also curate community-building events and programming. An example:
Fall Festival, which offered dance performances, photo booths, and a dessert bar.

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