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.
What can government do to help the commercial real estate industry in the near term? We assembled a panel of industry experts to tackle this month’s question.
Since taking office in late 2006, Woodbridge Mayor John McCormac has emerged as one of the most development-friendly and pro-business mayors in all of New Jersey. He and his economic development team can boast a record that includes two new power plants, millions of square feet of warehouse space and dozens of new retailers, banks and eateries that have opened during that time.
Woodbridge Mayor John McCormac is proud of the fact that, for all of the administration’s payment in lieu of taxes agreements with developers over the past decade, not one project has impacted the school system.
But Town Hall is still making sure that the school system is benefiting.