A construction company’s property in Newark’s East Ward might soon become a construction site itself.

The premises used by MSP Construction Corporation in the city’s Ironbound neighborhood are slated to be redeveloped as part of a new proposal by the local contracting firm. A legal notice issued earlier this month states that the property at 114-126 Walnut Street just east of New Jersey Railroad Avenue could become the site of a five-story residential building.

The proposed development is expected to be 57 feet tall and includes 29 apartments. A total of 16 parking spaces would be included on the premises. Unlike some other new projects in Newark, no retail space would be included in this building.

Although the tract is just a stone’s throw away from the Northeast Corridor train tracks that are used by New Jersey Transit, Amtrak, and PATH, the closest stop, Newark Penn Station, is around a half a mile away. The site is also located very close to the Ironbound Community Corporation’s Ironbound Early Learning Center.

Currently, the property contains a two-story building along with a gated private parking lot that is often used by the construction company’s vehicles.

A hearing on the matter has been scheduled for this Thursday, February 28, at 7:00 p.m. at City Hall in Newark. The Newark Zoning Board of Adjustment is expected to hear MSP’s application for Preliminary and Final Site Plan approval along with variances, ranging from building height to maximum lot coverage.

Note to readers: The dates that applications are scheduled to be heard by the Newark Zoning Board of Adjustment and other commissions are subject to change.

Related coverage: