The site of a planned 127-unit loft-style multifamily project in Paterson is on the market for sale, providing what brokers say is a shovel-ready opportunity with major financial advantages.
Market Sectors
New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.
Good vibes
As you’ll read in this month’s cover story, the New Jersey Builders Association has been heartened by the earliest days of the Sherrill administration, with its focus on making New Jersey more affordable and government more efficient. The group points to steps such as the creation of the state’s first-ever chief operating officer, along with the governor’s pledge to launch a real‑time dashboard to track permits — steps that could provide a clearer path toward an expanded housing supply and lower costs for residents.
