There’s not enough supportive housing in New Jersey, according to advocates and industry experts, and they hope incentives in the state’s revamped affordable housing rules will help expand the market.
Current Issue
Go inside the latest monthly issue of Real Estate NJ, the only New Jersey-based magazine dedicated to commercial real estate in the Garden State.
System updates
As you’ll read in this month’s cover story, New Brunswick is marking its latest and perhaps most monumental investment in health care with the opening of the 12-story, 520,000-square-foot Jack & Sheryl Morris Cancer Center. Executives with RWJBarnabas Health, the Rutgers Cancer Institute and other key stakeholders unveiled the facility in mid-May, hailing the arrival of New Jersey’s first freestanding cancer hospital and one of only 13 in the country, part of a $1 billion project that has brought top-tier patient care and cutting-edge research labs under one roof.
The ‘builders’ remedy’ strategy — and why it’s flawed
The “builders’ remedy” method, as an approach to solving New Jersey’s affordable housing crisis, is having a devastating impact across the Garden State. Many other options exist, options that should be squarely on the table. A shining example of these options is the construction of special needs and workforce housing, to name just some.
The Silverman way: Developer’s latest project in Jersey City follows decades of engagement with residents, commercial tenants to help build Hamilton Park ‘ecosystem’
A new apartment building with commercial and coworking space is SILVERMAN’s latest addition to Jersey City’s Hamilton Park district, where it has spent four decades as a developer and investor with a highly visible, hands-on style and high level of engagement that has created an ecosystem where many residents live and work.
On the ground
As you’ll read in this month’s cover story, the firm known as SILVERMAN is marking its latest milestone in Hamilton Park with a new mixed-use project just off the five-acre green space. Known as Swift & Co., the nine-story building houses 59 apartments and 80,000 square feet of commercial space that’s now fully leased to a mix of office and retail users, plus an upscale, 20,000-square-foot coworking lounge that’s home to dozens of other entrepreneurs and much-needed event space for the community. It’s the Silverman brothers’ latest addition to a neighborhood where they’ve built some 500 residential units and 150,000 square feet of commercial space over 35 years, doing so with a highly visible, hands-on style and high level of engagement with their tenants that has fostered an ecosystem where many residents live and work.
