It seems rare to have an asset class whose inventory has largely stood still for a decade or more, yet that’s been the story for the data center market here in New Jersey, as developers and users have flocked to…
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.
New Jersey’s path to becoming a hub for advanced industries
New Jersey stands at a pivotal moment in its economic evolution. We’re presented with a unique opportunity based on consumer needs and federal priorities, including meaningful financial incentives. If New Jersey is to position itself as a hub for advanced industries such as data centers, energy storage and cold storage manufacturing, it needs to act.
A focus on housing and development at the 2024 New Jersey Planning and Redevelopment Conference
No matter where you hail from in the Garden State, we can all agree that New Jersey is a great place to live, raise a family or host your business. And yet we face a number of challenges that require thoughtful planning as we promote development that ensures our economic vitality and stability. Together, New Jersey Future and the New Jersey Chapter of the American Planning Association (APA New Jersey) are proud to host our annual Planning and Redevelopment Conference this June 5 to 7, 2024, and invite you to join!
The health care effect: Inside the deal for Hackensack Meridian’s new hub at Metropark — and what it says about the industry’s role in commercial real estate
Plans for a high-profile Hackensack Meridian Health facility in Woodbridge are only 18 months in the making. Yet it was the product of relationships that had formed years earlier at the upper levels of New Jersey’s real estate and health care sectors, helping to make good on years of planning by state and local officials to activate the Metropark train station.
Bearing fruit
I’m as guilty as anyone of overusing words like “transformative” when it comes to major redevelopment projects. But it seems in some instances like there’s no avoiding it. A case in point is a plan for Woodbridge’s Metropark train station, where surface parking lots will become a new office and ambulatory care center spanning nearly 250,000 square feet, as well as 235 luxury apartments and retail space. If you ask me, that seems transformative enough.
Our cover story this month is a deep dive on that project, which Hackensack Meridian Health unveiled in early March alongside Gov. Phil Murphy and a team that includes Russo Development, Onyx Equities and Dinallo Development.
Making connections: How Morristown’s HQ Plaza will engage residents, visitors with new public-facing spaces
The renovation of Morristown’s landmark Headquarters Plaza will look to energize the sprawling concourse that connects three office towers, a Hyatt Regency hotel and a host of retailers and restaurants under the roof of the 1 million-square-foot complex. Not to be overlooked is the idea that the refreshed property will also engage the community in a way that it hasn’t in decades, taking cues from the town’s other recent redevelopment projects.
Going greener: From rainwater recycling to composting, apartment builders see a new frontier in sustainability
For some apartment developers, LED lighting and electric vehicle chargers just won’t do when it comes to sustainability. A handful of new rental projects in New Jersey are making that clear with more cutting-edge, eco-conscious features such as oversized green spaces, rainwater recycling and even an on-site composting system.
