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.

Residential & Mixed Use
AvalonBay marks debut of 374-unit Somerville apartment community

AvalonBay Communities has unveiled its new 374-unit luxury apartment property in Somerville, where it’s anchoring a master-planned project adjacent to the borough’s train station.

Residential & Mixed Use
Gebroe-Hammer inks sale of 53 apartments in Passaic, Paterson in deals totaling $9.8 million

An investor has purchased a 23-unit apartment building in Passaic for $4.5 million, in the largest of three newly announced deals in the region by Gebroe-Hammer Associates.

Government & Public Policy
RPM lands $29 million Aspire tax credit for redevelopment of historic Trenton property

A plan to bring 120 new apartments to a historic property in Trenton is moving ahead with the help of more than $29 million in tax credits under the state’s Aspire program.

Residential & Mixed Use
Tulfra tops out 160-unit rental project in Rochelle Park, eyes spring 2024 delivery

Tulfra Real Estate is planning a spring 2024 delivery of a new 160-unit luxury apartment complex in Rochelle Park, where it recently completed vertical construction.

Residential & Mixed Use
Hornrock, GTIS unveil 221-unit rental project at ‘gateway’ to downtown Hackensack

A development team has completed a new 221-unit luxury apartment building in Hackensack, part of a two-phase project that has activated a key parcel on the city’s eastern edge.

People
Rockabill promotes Taft to vice president

Affordable housing developer and consulting firm Rockabill has named a new vice president after a promotion on its Hoboken-based team.

Residential & Mixed Use
Denholtz joins partner LMG, local officials to debut 48-unit North Carolina rental property

Denholtz Properties is expanding its Southeast portfolio under a recent partnership, marking the debut of a new 48-unit luxury apartment building about 25 miles outside Charlotte.

Residential & Mixed Use
Kislak inks sale of 32-unit Long Branch apartment building for $6.5 million

The site of a 32-unit apartment building in Long Branch has changed hands for $6.45 million, according to The Kislak Co. Inc., marking the second trade of the property in four years.

Residential & Mixed Use
Kaplan unveils new 128-unit luxury rental complex in Toms River, its first in Ocean County

Kaplan Cos. has completed a new 128-unit luxury apartment complex in Toms River, helping to activate a site near one of the firm’s long-established shopping centers.

Residential & Mixed Use
Russo welcomes project partners, local officials to new Orange apartments

Russo Development recently marked the opening of Essex & Crane, its new luxury apartment building in Orange, welcoming project partners and local officials to tour the 209-unit property.