The Metropolitan

About the project

The Hanini Group is an award-winning real estate firm with more than 15 years of experience developing and managing high caliber loft-style residential, retail, commercial and corporate properties. With more than $600 million of transaction experience, the firm is especially known for its successful track record in taking historic properties and restoring them to their former glory. Hanini Group prides itself in being one of the leading firms in driving the social and economic redevelopment of Newark, NJ.

Hanini Group's geographic focus has primarily been Newark, NY with a few properties in Orange, East Orange and Passaic, NJ.

LISC provided $3.50 million of predevelopment financing to support The Metropolitan, a new mixed-income rental building in Newark's Central Business district. The newly constructed building will have 207 total units, with 67 units set aside for households making no more than 50% AMI. The project will meet Enterprise Green Communities Plus standards, an aggressive green standard for affordable housing developments.