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Newark’s Newest Addition: Four8Five
485 Springfield Ave. Newark, NJ 10017RiverSand's debut consulting project!
Four8Five is a mixed-use development — an 8-unit residential building with ground-floor retail space, located at 485 Springfield Avenue in Newark's Springfield/Belmont neighborhood. The project is a direct expression of our development philosophy: a well-located infill site, acquired through the Newark Land Bank, with strong fundamentals and a community-forward design vision.
The property sits at a C-2 Community Commercial zoned lot on one of Newark's main commercial corridors, adjacent to national retailers including The Home Depot, Walgreens, and Wendy's — demonstrating the retail demand that anchors the project's ground-floor income. Within a short drive, residents access West Side Park, the Newark Museum of Art, Newark Penn Station, and the Prudential Center.
The building's design inspiration — described as "Morocco × Newark" — fuses the rich texture and warmth of North African interiors with the sharp geometric forms of urban New Jersey architecture. The result is a building that honors its city's diverse cultural fabric while delivering the modern amenities demanded by today's renter: washer/dryer in-unit, island kitchens, walk-in closets, video intercom, EV charging, a rooftop deck, and a fitness center.
Construction is projected to start Summer 2026, with first units delivered August 2027. The project targets stabilization within 30 days of delivery — supported by a deliberate pre-leasing strategy and proximity to Newark's growing employment base.
Highlights
Newark Land Bank Acquisition: Site acquired through the Newark Land Bank — a key cost-reduction mechanism that underpins project feasibility.
EDA Developer Grant: Project is eligible for New Jersey EDA developer incentive programs, further improving equity returns.
As-Of-Right Development: C-2 zoning allows the mixed-use program as-of-right, minimizing entitlement risk and timeline uncertainty.
Bonded + Guaranteed Construction: Risk is mitigated through construction bonding, GC guarantees, and a team with proven regional delivery experience.
Low Leverage Takeout: 65% LTV construction financing preserves a healthy DSCR at stabilization, supporting positive cash flow throughout the hold period.
Developer - Davielier Turner
Seasoned broker, developer, and founder of Black Congress Enterprises. Two decades of community-based real estate development with a mission-driven approach to urban revitalization. His career stands as a model of resilience and purpose—transforming personal adversity into a mission to rebuild neighborhoods, restore hope, and create pathways to homeownership for underserved communities.
As the founder of Black Congress Enterprises, Davielier leads a growing portfolio of affordable and sustainable housing projects that focus on urban revitalization, community ownership, and economic empowerment. His developments go beyond construction—they’re built on principles of opportunity, equity, and long-term neighborhood growth.
Through his renowned “We On Go” Homebuyer Course, Davielier has educated and guided hundreds of families toward homeownership, providing tools for credit repair, down payment assistance, and financial literacy. His approach bridges the gap between real estate and community development, helping renters become owners and creating generational wealth from the ground up.
Under Davielier Turner Enterprises, he continues to expand his influence in consulting, real estate marketing, and brand development—strategically aligning private investment with social impact.
A cancer survivor and motivational leader, Davielier’s story is one of transformation and faith. Every project he undertakes is guided by his belief that real estate is not just about property—it’s about people, progress, and purpose.
“We don’t just build homes—we build hope, ownership, and opportunity.”
