FACILITIESPENDING

WinnCompanies to lease and rehab Cottage Place Apartments

The Newark Housing Authority Board authorized execution of a Letter of Intent and subsequent 75-year ground lease with WinnCompanies for Cottage Place Apartments at 125 West Kinney Street. WinnCompanies will pay about $1.25 million to the Authority and invest roughly $13.5 million in comprehensive rehabilitation of the 100-unit property, including new kitchens, bathrooms, and building systems.

Document date · April 3, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1.25 million to Newark Housing Authority plus approximately $13.5 million in rehabilitation investment (about $135,000 per unit)
Contract type
FACILITIES
Contract term
New ground lease for 75 years
Renewal
New 75-year ground lease to be executed following the Letter of Intent; no additional renewal options described beyond the 75-year term.
Document type
Transcript
Source document
Newark Housing Authority Transcript Regular Meeting 2025-04-03

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Newark Housing Authority?

WINNCOMPANIES was awarded this facilities contract by Newark Housing Authority, as recorded on April 3, 2025. The contract value is $1.25 million to Newark Housing Authority plus approximately $13.5 million in rehabilitation investment (about $135,000 per unit).

How much is the WINNCOMPANIES contract with Newark Housing Authority worth?

The WINNCOMPANIES contract with Newark Housing Authority is valued at $1.25 million to Newark Housing Authority plus approximately $13.5 million in rehabilitation investment (about $135,000 per unit), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a transcript record.

Where was this contract approved?

This contract appears in Newark Housing Authority Transcript Regular Meeting 2025-04-03 (Transcript), dated April 3, 2025 from Newark Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does WINNCOMPANIES hold?

WINNCOMPANIES may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View WINNCOMPANIES's profile

What is Newark Housing Authority currently buying?

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