Rather than try to replace the Municipal Land Use Law or strip local governments of the ability to control zoning in their town, the Smart Growth Economic Development Coalition has outlined what it says are reasonable, practical changes to help streamline development, create more certainty and encourage new business growth in the state. Those changes include steps such as standardizing non-residential site improvement requirements, creating more consistency across the entitlement process and softening the approval process for projects that will help create affordable housing.
The Smart Growth Economic Development Coalition has crafted a set of recommendations to prioritize transit-oriented development projects they say would benefit both private-sector developers and the cash-strapped NJ Transit.
A nearly 10-year-old law that placed environmental cleanups in the hands of private-sector experts has been hailed as a triumph and a sea change for the state’s development community. But the Smart Growth Economic Development Coalition says there is still much room for improvement.
The Smart Growth Economic Development Coalition has developed a plan for what it describes as “making land” in the heart of northern New Jersey. That means everything from repurposing government-owned facilities in prime locations to having the state take a lead role in acquiring, assembling and cleaning up individual parcels in order to create large development sites near the port.
While there are still months to go before Amazon reveals it selection for its HQ2 project, making the pitch has rallied developers and public-sector leaders in Newark in a way that the city hasn’t seen in recent memory. That show of unity was only amplified on Oct. 16, when Gov. Chris Christie announced that the state would officially support the city’s bid, even as several other cities in New Jersey jockeyed for the project.
An Italian food market has expanded its wholesale capabilities with a new warehouse in Jersey City, thanks in part to a financing program under the state Economic Development Authority.
A national organization has recognized the state Economic Development Authority for its use of incentives and other financing tools to spur growth in New Jersey.
NAIOP’s New Jersey chapter recently hosted a crowd of more than 300 real estate executives and professionals for the association’s annual President’s Awards and Hall of Fame Dinner.
Quest Diagnostics and Ralph Lauren could be among the newest tenants at the former Hoffmann-LaRoche campus in Clifton and Nutley, now known as ON3, following the approval of $88 million in tax credits to support more than 500,000 square feet of activity at the site.