Downtown Newark is poised for a fresh boost in its retail and entertainment scene as the newly revitalized property at 879 Broad Street prepares to welcome Bardega Supper Club. The highly anticipated supper club, which will occupy a prominent corner of the building, is expected to bring both dining excitement and increased foot traffic to the heart of the city.
Represented by CBRE, 579 Broad Urban Renewal LLC finalized a long-term lease for 4,203 square feet to Bardega Supper Club, with Marta Person Villa of CBRE representing the property owner and Tara Robertson of BRX Realty negotiating on behalf of the tenant. Bardega’s founder, Edinson Diaz, is also the owner of Clifton’s Made in Miami, a celebrated tapas and fusion restaurant that opened in 2022. While specific details about Bardega’s menu and design have yet to be disclosed, the new venue promises to become a centerpiece of Newark’s growing culinary and nightlife landscape.
“The new Bardega Supper Club is the latest addition to the thriving entertainment and retail environment in downtown Newark,” Villa said. “Beyond dining, the area attracts more than 60,000 students, faculty, and staff, and offers convenient access to New York City, with a train ride under 20 minutes to Penn Station and only eight miles from lower Manhattan.”
The building, formerly known as The Kislak Building, dates back to 1900 and underwent a significant revitalization nearly a decade ago. Today, the five-story property features 41 residential units, with 5,700 square feet of ground-floor retail. Bardega Supper Club will occupy the majority of this retail space, activating the streetscape and adding to the neighborhood’s vibrancy.
This commercial activity reflects a broader picture of strength in New Jersey’s real estate and housing markets. Year-end data from New Jersey Realtors shows the state’s housing market closed out 2025 with steady sales and pricing trends, highlighting resilience amid national market fluctuations. The median sales price for all property types rose 5.4% to $525,000, while the number of closed sales statewide reached 86,440. Homes spent an average of 39 days on the market, slightly longer than in 2024, but buyers continued to pay at or above list price, maintaining a highly competitive market environment.
Single-family homes posted the largest gains, with median prices climbing 6.4% year-over-year to $585,000. Inventory remains constrained, with only 8,978 single-family homes available statewide in December, a 7.3% decline from the previous year. Adult communities also saw growth, with median prices rising 5.7% to $370,000 and new listings increasing by nearly 8%, reflecting both rising demand and supply in this segment. Townhouses and condominiums appreciated more modestly, with median prices up 2.9% to $422,000.
Across all property types, pending and closed sales held steady, signaling a market that continues to support both sellers and buyers. Homes in New Jersey are selling at strong premiums, with single-family properties fetching an average of 102.2% of list price and selling in just over 37 days, well below pre-pandemic standards. Overall, limited supply and sustained demand are reinforcing seller confidence while maintaining price stability statewide.
The combination of Newark’s commercial revitalization, anchored by developments like Bardega Supper Club, and the continued robustness of the statewide housing market underscores New Jersey’s appeal to both residents and investors. From vibrant urban centers to competitive residential markets, the state’s real estate landscape demonstrates resilience and growth, making it a prime destination for those seeking opportunity in 2026.
With the opening of Bardega Supper Club expected in summer 2026 and ongoing strong housing trends, New Jersey continues to set itself apart, balancing historic preservation, modern urban development, and a competitive real estate environment that draws attention from across the region.
