Paramount Assets has reached the halfway point in construction at William Flats, a multifamily rental property in Newark.Paramount Assets has reached the halfway point in construction at William Flats, a multifamily rental property in Newark.



The site formerly served as headquarters of United Women’s Garment Workers’ Union. Situated in the Four Corners neighborhood, it lies between Teachers Village – certified as a LEED Silver neighborhood development earlier this year — and Prudential Center.



Developers have tried to preserve distinctive elements of the building, such as its façade, while adding amenities including a four-story open-air courtyard with vertical garden.



In addition to 37 apartment units, William Flats will feature 12,000 square feet of ground-floor retail space.



Residential leasing at 869 Broad St. will begin in August, with the property slated for delivery later in October.

