Newark landmark Gateway Center bought for $300 million; high-end shopping, public spaces planned

“The Gateway complex is many people’s first experience of this city, and for so long it’s been under-invested, under-maintained, unpleasant,” said Ommeed Sathe, vice president for impact investment at Prudential Financial Inc., one of the partners. “It actually had a chilling effect on the market, a downside reminder of a time when Newark was so blighted, it was built to disengage visitors from the city.”