Developers and local officials say they have high hopes for a luxury mixed-use development on Route 10, one with a concept that seemingly relies more heavily on retail and restaurants than typical mixed-use residential developments, in an effort to broaden its appeal.
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.
At the ready
The issue of so-called stranded assets is a recurring theme in New Jersey commercial real estate, regrettably so, one that often finds public officials on their heels when they’re left with a vacant, obsolete office park or mall. That is seemingly not the case in Bedminster, where local leaders spent nearly a decade preparing for the possibility that AT&T, its largest taxpayer and employer, would vacate its iconic, 1.1 million-square-foot campus in the township.
Earth Day 2023: Leave it better than you found it (and how CRE is a driving force)
One of the things I learned when I was a Boy Scout was to always leave your campsite better than you found it. Clean up any trash and don’t disturb the area more than necessary for pitching your tent and building a fire for cooking and staying warm. It might also mean leaving some chopped firewood for the next camper. That concept has remained with me, and I’m reminded of it whenever I’m encouraged to “reduce, reuse and recycle.” What a great lesson and advice for all of us to help celebrate this year’s Earth Day on April 22.
