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.
Two years after the state Supreme Court shook up New Jersey’s affordable housing landscape, dozens of towns in the state may finally be ready to turn the page, even as many others dig in for what looks to be an even longer fight.
For nearly three months, attorneys representing the New Jersey Builders Association, the Fair Share Housing Center, several municipalities and others have been convening in a Trenton courtroom before Superior Court Judge Mary Jacobson. The case centers on the disputed affordable housing obligations for five towns in Mercer County — West Windsor, Robbinsville, East Windsor, Hopewell and Princeton — but its impact could turn out to be even greater.
The Economic Development Authority is marketing an 8.75-acre waterfront redevelopment site in the city, as a host of high-profile development projects and investments continue nearby.
Along with a new opportunity, a potential statewide push for affordable housing comes with a touch of irony for developers like Pennrose.
E-commerce, today’s retail model, is growing rapidly, as products and technology evolve and consumers come to rely on the ease and convenience of online shopping. In addition to its much-talked-about impact on the overall retail picture, e-commerce has been a key driver for industrial real estate, especially in those well-situated locations that facilitate a speedy and low-cost way of delivering goods to consumers.
A second hotel could be coming to the Hoboken waterfront under a redevelopment plan that is slated to be formally introduced to city officials later this week.
We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say. David Brogan, executive director, New Jersey Apartment Association (Monroe) Create jobs. When government incentivizes job creation, that has a ripple effect on…