Residential & Mixed Use

The construction boom in New Jersey is no more evident than in the multifamily and mixed-use sector, thanks to changing demographics and the demand for urban-style living, even in the suburbs.

Government & Public Policy
EDA unveils grant program for development, art projects in transit-served urban areas

The state Economic Development Authority has launched a grant program aimed at sparking new development and art projects in cities that are served by mass transit but saw a drop in commuter foot traffic during the COVID-19 pandemic.

Top News
Site of Newark’s famed Iberia restaurant sold, slated for 2,500-unit mixed-use redevelopment

A development group has acquired the site of Newark’s famed Iberia Tavern & Restaurant and several surrounding lots, where it now hopes to build more than 2,000 residential units and a bustling restaurant row in the heart of the city’s Ironbound district.

Residential & Mixed Use
Pennrose debuts new affordable housing in Glassboro for seniors, residents with disabilities

Pennrose has unveiled 64 new apartments in Glassboro for seniors and individuals with disabilities, following its $20 million redevelopment of a former public housing complex.

Features
Long-awaited Parsippany project comes with visions of bustling, downtown-style retail

Developers and local officials say they have high hopes for a luxury mixed-use development on Route 10, one with a concept that seemingly relies more heavily on retail and restaurants than typical mixed-use residential developments, in an effort to broaden its appeal.

Finance & Capital Markets
‘Vinty’ developers ink $97 million loan for new 297-unit Elizabeth rental property, JLL says

The developers of a new 267-unit apartment building in Elizabeth have obtained more than $97 million in financing for the downtown property, brokers with JLL announced Tuesday.

Government & Public Policy
Berkeley Heights makes pitch for investment, development in new marketing campaign

Officials in Berkeley Heights are pushing to attract new private investment, while highlighting a wave of new development already taking place in the Union County township.

Office
LCOR launches leasing for planned 700,000 sq. ft. office building at Hoboken Connect

LCOR has launched its leasing campaign for what will be more than 700,000 square feet of waterfront office space in Hoboken, part of the mixed-use development that’s slated to transform the blocks around the city’s iconic transit terminal.

Residential & Mixed Use
Gebroe-Hammer tapped to sell 90-unit garden apartment complex in downtown Elizabeth

The owner of a two-building, 90-unit garden apartment complex in Elizabeth has retained Gebroe-Hammer Associates to market the property for sale.

Residential & Mixed Use
Kaplan scores 12 ‘FAME’ awards at annual Shore Builders program

Kaplan Cos. is touting another strong showing at an annual homebuilding event, where it grabbed a record 12 awards for its successful leasing and marketing programs.

Residential & Mixed Use
AMS eyes 100-unit senior housing project after acquiring Route 9 development site

AMS Acquisitions has broken ground on a project that will bring a new 100-unit, age-restricted apartment complex to a stretch of Route 9 in Monmouth County.