A ribbon-cutting ceremony has marked the official opening of a 7-Eleven at a luxury rental property Newark, according to Paramount Assets, a Newark-based real estate investment firm and owner of the property.
The convenience store, Paramount said, opened 2,700 square feet William Flats, a 37-unit multifamily property with 12,00 square feet of street-level commercial space.
Members from Paramount and 7-Eleven as well as local dignitaries attended the ceremony. The new store, Paramount said, is one of three for the chain in its New Jersey portfolio.
Located on the corner of William and Broad streets, the building sits between Teachers Village and the Prudential Center in the heart of the city’s Four Corners neighborhood. The redevelopment is an adaptive reuse of the former United Women’s Garment Workers’ Union headquarters property, Paramount said.
Financial terms were not disclosed.