A manufacturer that is moving operations from Brooklyn has purchased a 55,560-square-foot industrial building in Carteret, in a $5.1 million sale brokered by Bussel Realty Corp.
Restaurants have proven to be desirable anchors for redevelopment projects and magnets for other businesses. However, with few liquor licenses available, smaller local establishments are having their chances of success diminished or are being shut out, thereby stifling competition, development and consumer choice.
We assembled a panel of industry experts to tackle this month’s question. What are the biggest challenges to construction and redevelopment in New Jersey?
Here’s what they had to say.
Construction is underway at what will be a new low- and moderate-income residential community in Woodbridge, replacing a former 1950s-era public housing complex.
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.