The new Hard Rock Hotel & Casino will open June 28, with a model that aims to set a new standard in Atlantic City. For one thing, the resort will have an added emphasis on entertainment, leveraging Hard Rock’s own vast network of performers to help program the venue and bolster other nongaming revenue streams such as meeting business and hotel stays. But its owners have sought to be different from past generations of New Jersey casinos in another way, focusing on community outreach that they say will continue well past the grand opening.
Features
Real Estate NJ goes in depth on the latest trends, success stories and critical issues facing the commercial real estate industry. Hear what is on the mind of the industry’s power players and get expert analysis as we give you the deepest look inside the market.
Bridge details 1.7 million sq. ft. industrial project in Somerset, efforts to restock N.J. pipeline
Bridge Development Partners is planning a three-building, 1.7 million-square-foot industrial complex in Somerset County after acquiring parcels from two separate sellers, part of an effort to refill its pipeline in New Jersey after a blockbuster portfolio sale last year.
Progress, with continued uncertainty: Questions remain as affordable housing moves forward in New Jersey, stakeholders say
The state’s long-running battle over affordable housing policy is still rife with uncertainty and unanswered questions, stakeholders say, even for the roughly 200 towns that have reached settlements on how they will zone for new development.
With an eye on technology, Camden tower will be built to convert parking to office space
The developers of a new office tower in Camden are building with an eye toward driverless vehicles and carpooling, with a design that allows them to convert part of a parking structure into additional office space if the need for parking declines.
Depth and diversity: Women leaders have helped drive growth of CSG real estate group
Diversity is a point of emphasis for everyone at Chiesa Shahinian & Giantomasi, also known as CSG, one that is highlighted by its team of real estate lawyers. Women account for nearly a third of the members and half of the nonmembers within CSG’s real estate practice, which includes about 27 attorneys. Across all groups, women represent about a quarter of the firm’s members, a total that has continued to rise in conjunction with its overall growth in recent years.
Strength in numbers: Brogan has led the effort to grow NJAA’s membership, impact and influence
The growth of the New Jersey Apartment Association over the past three years has been tough ignore: The organization has pushed to expand its ranks, create new benefits to members and raise its profile and influence among policymakers and fellow business leaders. Those strides have garnered national attention for both the organization and its leader.
Developer finding success with high-end condo project in Weehawken, its first in New Jersey
With move-ins slated to begin this month, Landsea Homes is off to an auspicious start at Avora, its new upscale condominium project in the Port Imperial section of Weehawken. The developer has sold 40 percent of the project’s 183 homes — with a formula that includes resort-style amenities, sustainable construction and what Gabe Pasquale proudly describes as a “bullseye view” of Midtown Manhattan.
With a niche in reviving shuttered hospitals, CHA is preparing for its biggest project yet
CHA Partners has spent the past 10 years filling a void in the health care and real estate markets, having acquired and repurposed three former hospitals in New Jersey. And it’s now poised to begin its largest project to date — the long-awaited conversion of a shuttered hospital in Plainfield.
Charting a course: KIPP New Jersey has been nimble, creative in finding new school locations in Newark
KIPP New Jersey has grown its portfolio of Newark charter schools with the type of nimble, resourceful approach that is often used by developers and real estate investors in urban settings. The proof is in the makeup of its portfolio, which includes everything from new construction and renovated facilities to leased spaces in places like the heralded Teachers Village project.
For Bijou, building neighborhoods is a top priority
Building neighborhoods has been a common thread as Bijou has made its mark on the lesser-known northern and western ends of Hoboken, not only with successful residential projects, but with new retail spaces that can draw foot traffic and activity beyond those who live in the area. In doing so, the firm has helped open new frontiers in its home city, which remains as popular as ever.
