By ALISON GREGOR
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The development, called Teachers Village, is expected to cost $149 million when it is completed two years from now. It will consist of eight low-rise buildings clustered around the intersection of William and Halsey Streets, in Newark’s Four Corners historic district. As such, Mr. Meier has designed buildings to reflect the historical nature of the area.
Teachers Village is receiving millions of dollars in government subsidies in various forms, with $14.2 million being provided in equity by the developers. Two of the buildings, together about 134,000 square feet, will be leased to the charter schools and day care while offering retail space on the ground floor. The other six buildings, totaling about 289,000 square feet, will contain as many as 220 rental apartments for teachers with retail space on the ground floor.
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