Kushner has taken another step in a plan to build 180 new apartments in Atlantic City, securing a key entitlement from the state’s Casino Reinvestment Development Authority.
Government & Public Policy
From zoning disputes to the federal tax code, public policy affects the commercial real estate sector far more than you may realize. For industry leaders, government and politics demand constant attention.
Things to do
As you’ll read in this month’s cover story, the Queen City is now working to attract new retail, recreation and dining options to support its growing population. Look no further than PickleRage, the new 40,000-square-foot pickleball club that just opened under a project by ECA Developers. That’s just one example, according to the story by Marlaina Cockcroft, coming alongside a new $10 million aquatics complex that debuted last summer and plans for a 55,000-square-foot recreation and cultural center with a pool, event and performance space, workforce development facilities and an art gallery, as well as a building with 220 affordable units.
A guiding force: Why time with Newark Alliance will loom large for new EDA chief Weiss
Evan Weiss had his reasons for leaving state government in 2021. One of them, he recalls, was “because I started to feel so removed” from the constituents who were affected by the sweeping policies and billions in funds he helped deploy as a top adviser to Gov. Phil Murphy.
He rediscovered that connection as head of the nonprofit Newark Alliance, a role he held for four years — and one that will loom large as he returns to Trenton as CEO of the state Economic Development Authority.
On the horizon
Two key asset classes in New Jersey have become inextricably linked in the last two to three years, as local governments increasingly turn to their aging office stock to fill the state’s housing deficit. Some have done so proactively, but others are acting out of necessity as they race to comply with New Jersey’s updated affordable housing law. That’s causing some market leaders to wonder if municipalities will face “multifamily fatigue” after the latest round of mandates and the corresponding land use planning, which has played out across the state over the past 12 months.
