The original Washington House, from which today's luxury condominium complex takes its name, was an historic inn. It was built in 1838 on the approximate site of what was once the village Market House, a structure reputedly significant in Newark's application for corporate privileges. Those privileges, dating from April 13, 1758, were initially conveyed by George II, King of England. By 2005, it was clear the Stone Balloon had run its course. Newark was a different town, and it was time to go with the flow. "In any story you can turn the page," said developer Jim Baeurle, last owner of the Stone Balloon, "and that's what happened here. The site has come full circle with a new Washington House."