After being turned down by seven other lenders, it was late last year when the developer of a 148-bed assisted living facility in East Windsor finally found the cash infusion it needed. It was the kind of opportunity that Kennedy Funding Financial was able to seize, even if other lenders could not.
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Long overdue liquor license reform would drive economic development
Restaurants have proven to be desirable anchors for redevelopment projects and magnets for other businesses. However, with few liquor licenses available, smaller local establishments are having their chances of success diminished or are being shut out, thereby stifling competition, development and consumer choice.
Getting on track: Successful rental project, flood control measures spur new interest in Bound Brook
A successful rental project is one of two driving forces that now have Bound Brook ready to move ahead with a long-overdue revitalization of its downtown. The borough, whose Main Street has a history of being pummeled by surges from major storms, marked the completion last year of a $143 million flood control project — meaning downtown business and property owners no longer need to spend thousands of dollars on flood insurance.
