Michaels Development and the city of Camden have broken ground on 72 low- and moderate-income apartments, continuing a project to redevelop a blighted public housing complex.
Dozens of state lawmakers met face to face recently with leaders in the multifamily sector, as the New Jersey Apartment Association hosted its annual political action committee reception.
Enacted as part of the 2017 federal Tax Cuts and Jobs Act, the Opportunity Zones program will bring development into low-income areas. While investors and developers take steps to form Qualified Opportunity Funds (QOFs), Langan is well positioned to support substantial improvement projects among the 169 tracts within 73 towns in New Jersey. In fact, because of our near half-century of providing engineering and environmental services in our state, we have the right experience and site knowledge to help maximize investments in our OZs.
Gov. Phil Murphy has signed into law a bill that requires NJ Transit to establish an office of transit-oriented development and conduct an annual inventory of its real estate holdings, potentially paving the way for new opportunities across the state.
The New Jersey Builders Association has named a new chief operating officer as part of a series of changes to its government affairs team.
The new federal Opportunity Zone program is far from perfect in its early stages, U.S. Sen. Cory Booker told a crowd of New Jersey real estate leaders on Monday, but it offers a powerful new incentive for the private and public sectors to steer economic development to low-income areas.
A joint venture has completed its rehabilitation of Jersey City’s largest privately held Section 8 housing complex, a 483-unit property near the city’s Journal Square section.
Developers have started construction on a new 54-unit, age- and income-restricted rental community in Cinnaminson, their seventh joint venture in southern New Jersey.
Gov. Phil Murphy has announced a long-awaited plan for a flood barrier at the southern end of Hoboken, although its location could threaten or dramatically alter a proposal to redevelop the rail yards alongside the city’s busy train terminal.