We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say: Bob Atkins, principal, Atkins Cos. (West Orange) The possible elimination or limiting of the 1031 tax exchange program could have profound impacts…
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Fidelco set to revive Newark office tower, in firm’s latest project in downtown neighborhood
Fidelco Realty Group is revitalizing a well-known office tower in downtown Newark at a cost of more than $30 million, with plans that include a sweeping physical upgrade, the addition of a new bar and restaurant and the creation of flexible workspace to serve technology startups. — All renderings courtesy: Fidelco/Perkins Eastman
Rockefeller says growth of in-house design, construction team has boosted project speed
In a time when industrial builders can’t deliver new space fast enough, those with in-house design and construction teams are finding ways to speed up the development process. The Rockefeller Group has honed that strategy in recent years with a series of key hires in the region. In the process, executives say the moves have also provided a leg up in the increasingly competitive and increasingly complex search for new sites.
Sudler turns to carbon-reducing concrete tech, seeking greener construction methods
Seeking to reduce the carbon footprint of the construction process, Sudler Cos. has employed the use of carbon-injected concrete to build a new industrial park outside New Jersey. The technology wins praise from others in the industry and, while such materials may not be yet available in the developer’s home state, could be a sign of things to come for builders.
Experts say ‘stranded’ office, retail sites can thrive as new-look community hubs
Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.
