550 Broad Street

550 Broad Street is an office building in downtown Newark, New Jersey between the Newark Light Rail stations at Washington Park and Atlantic Street.

550 Broad Street
General information
Type	Office
Location	550 Broad Street Newark, New Jersey
Coordinates	40.741944°N 74.168889°W / 40.741944; -74.168889
Completed	1966
Owner	Dr. Peter's Group Heritage Capital Group
Management	Grubb and Ellis
Height
Roof	243 ft (74 m)
Technical details
Floor count	19
Floor area	312,003 sq ft (28,986.0 m2)
Design and construction
Developer	Mutual Benefit Life Insurance Company George A. Fuller Company
References
[1] [2] [3] [4] [5] [6]

The Brutalist style building was built in 1966 during the New Newark era by the Mutual Benefit Life Insurance Company and the George A. Fuller Company and was once known as the Fidelity Union Building, after the company which occupied it.^[7] In 2000, the Heritage Capital Group purchased the tower and implemented a multimillion-dollar renovation-modernization in 2001, winning the state's Building of the Year award. While Heritage sold 80% interest in 550 Broad Street in 2005, it retains 20 percent ownership and acts as executive operating partner and on-site manager.^[8][9] The company also renovated nearby 570 Broad Street.^[10] As of 2012 the major tenant for the building is IDT, which is owner of the nearby Mutual Benefit Life Building.^[11]

In 2023, the Geraldine R. Dodge Foundation announced its decision to shift its headquarters from Morristown, New Jersey, to the building to better advance its philanthropic mission.^[12]

See also

550 Broad, NJ Bell, Mutual Benefit looking west from Passaic River

• List of tallest buildings in Newark
• List of tallest buildings in New Jersey

References

1. "550 Broad". Grubb and Ellis.
2. "550 Broad". Loopnet.
3. "550 Broad". Emporis. Archived from the original on April 9, 2013.{{cite web}}: CS1 maint: unfit URL (link)
4. "Newark to Get New Office Building". The New York Times. Retrieved 2012-10-08.
5. "550 Broad". Heritage Capital Group. Archived from the original on 2021-01-24. Retrieved 2012-10-08.
6. "550 Broad". Skyscraperpage.
7. "550 Broad". Skyscraper Center. Archived from the original on February 3, 2013.
8. "550 Broad". Heritage Capital Group. Archived from the original on 2021-01-24. Retrieved 2012-10-08.
9. "Small company's commitment yields big results in Newark". Hagedorn.
10. Martin, Antoinette (May 22, 2005). "New Life for 'Disgusting' Office Building". The New York Times. Retrieved 2012-10-08.
11. Beeson, Ed (June 26, 2012). "IDT landlord threatens eviction over unpaid rent". The Star Ledger. Retrieved 2012-10-08.
12. Lindner, Linda. "Well-known Geraldine R. Dodge Foundation moving HQ to Newark, continuing its legacy of dismantling inequities", ROI-NJ.com, December 14, 2023. Accessed December 18, 2023. "The Geraldine R. Dodge Foundation, after 50 years of supporting organizations across the state, is relocating its headquarters from Morristown to Newark, where it can further immerse itself and strengthen its impact in dismantling systemic inequities. The Dodge Foundation, a longstanding private foundation committed to supporting organizations and leaders addressing the root causes and repair of structural racism and inequity in the state, will be taking space at the Fidelco Realty Group’s historic 550 Broad St. building as it recognizes 50 years of impact in 2024."

External links

• 550 Broad Street Website Archived 2019-07-18 at the Wayback Machine