The medal's obverse bears female figure and Hermes with caduceus gazing at building; laurels and open scroll at their feet. In exergue, NEW CENTRE MARKET / NEWARK, N.J. / 1923; signed at left edge, KILENYI
The medal's reverse bears city view with cranes and steam shovel in foreground. In exergue, CLIFFORD F. MACEVOY CO. / BUILDERS / NEWARK, N.J.; signed just indside raised rim at 8 o'clock, J. Hansen
The revere was sculpted by V. Joan Hansen, an in-house designer for Newman, and was later reused for the 1925 Chicago Union Station Construction Insurance Medal.
The circular medal measures 63.4mm in diameter and was struck in bronze by the J. F. Newman Company of New York. While no mintage is reported, Harry Waterson estimates it to be around 500 because the medal was a present at a dinner with 500 invited guests. A bronze uniface variant with a diameter of 62.9mm exists in unknown mintage.