KS Group Breaks Ground on 46-Story Summit Tower in Newark

• KS Group begins construction on major high rise
• 514 residential units planned in Downtown Newark
• Includes affordable housing and ground floor retail

What construction start means for Newark’s pipeline

Construction is now underway at 200 Market Street in Downtown Newark, where Summit Tower will rise as one of the city’s newest high rise residential developments. The project is being developed by KS Group, continuing the firm’s active presence in Newark. The start of vertical construction marks a significant milestone following site demolition and early groundwork.

What the scale means for housing supply

The tower will deliver 514 residential units, with 20 percent designated as affordable housing. This mix supports both market-rate demand and affordability requirements within the city. At over 500 feet tall, the building will stand among the tallest residential structures in Newark.

What amenities and design signals for positioning

Summit Tower will include a range of amenities such as a fitness center, lounge spaces, a golf simulator, and a children’s room. Ground-floor retail will activate the street level, contributing to the surrounding neighborhood. These features align with evolving expectations for urban multifamily developments.

What does location mean for long-term demand

Located near the Prudential Center and within the Four Corners Historic District, the project benefits from strong connectivity and growing neighborhood activity. The surrounding area has seen increased retail and entertainment development in recent years.

What does this mean for Newark's development growth

Summit Tower reflects continued investment in Newark’s downtown core, as developers capitalize on demand for housing in well-connected urban markets outside New York City.