RPM Development Group has acquired a historic 117-unit housing complex in Oceanport, marking the first deal on a large piece of the former Fort Monmouth site that was turned over to state officials last fall in an effort to push forward with redevelopment.
Hackensack city officials have picked Hornrock Properties and Russo Development to transform a 4.3-acre parking lot into a mixed-use complex with 338 residential units and retail space.
Borough officials in Belmar have tapped DMR Architects to serve as its municipal planner, building on the firm’s existing role as the architect for the Jersey Shore town.
It was around 2013 when developers first pitched the idea of creating a dynamic, mixed-use destination at the iconic former Hahne & Co. department store in downtown Newark. But it’s fair to say that, for thousands of city residents, the project was 30 years in the making.
Ann Brady, the executive director of PlanSmart NJ, will retire this spring after 25 years with the organization.
The U.S. economy is nearing the end of its current expansion cycle, but there are still reasons for optimism about the commercial real estate market in New Jersey and nationally.
Public officials and business leaders gathered Wednesday to unveil new details about plans to transform the surface lots around the Prudential Center into a dynamic, mixed-use park area that connects Newark Penn Station to the city’s downtown and Ironbound neighborhoods.
New Jersey towns and cities must account for more than 15 years of unmet need in determining their affordable housing obligations, the state Supreme Court has ruled, paving the way for the development of tens of thousands low- and moderate-income units statewide.