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
JCMLiving breaks ground on 295-unit rental project at Wood-Ridge’s Wesmont Station

Development firm JCMLiving has broken ground on a 295-unit apartment property in Wood-Ridge, in the final residential phase of the borough’s high-profile Wesmont Station project.

Deals
Developers buy Elizabeth property, prospective development site, for $2.9 million

A development team has entered Union County with its purchase of a one-acre commercial property in Elizabeth, according to a broker with Gebroe-Hammer Associates.

Government & Public Policy
EDA pledges Aspire tax credits for major Newark, Camden and Morristown housing projects

The state has lent its support to three projects that will create or renovate a combined 728 apartments in Newark, Camden and Morristown — most of them for lower-income renters — after awarding nearly $121 million in tax credits under a new gap financing program.

Residential & Mixed Use
NRP Group, Bayoh unveil 56-unit affordable housing project in Irvington

A development team has completed 56 units of affordable housing in Irvington, where it has brought life to a long-vacant parcel in one of the township’s main thoroughfares.

Residential & Mixed Use
KRE Group debuts sweeping in-person fitness program at Jersey City, Bayonne rental buildings

Kushner Real Estate Group has launched a new fitness program for thousands of residents across its eight luxury apartment properties in Jersey City and Bayonne, working with a locally based group of certified trainers to offer dozens of monthly in-person classes.

Residential & Mixed Use
Prism hits 50 percent leased milestone at new Dunellen rental property

Prism Capital Partners has leased more than 50 percent of a new 252-unit luxury multifamily property in downtown Dunellen, the developer announced Tuesday.

Residential & Mixed Use
Study projects demand for 1,300 new housing units in downtown Trenton over next five years

Housing demand in Trenton is on the rise, according to a recent market study, creating a need for nearly 1,300 new residential units in the downtown over the next five years.

Residential & Mixed Use
Hudson Atlantic closes $10 million sale of 18-unit New Providence rental property

An investor has acquired an 18-unit luxury apartment property in New Providence for $10 million, in a newly announced deal by Hudson Atlantic Realty.

Residential & Mixed Use
Eastern Pacific unveils first phase of Vineland senior housing, breaks ground on second

Eastern Pacific Development has completed the 65-unit first phase of a new senior housing complex in Vineland, with construction now underway on the project’s second piece.

Residential & Mixed Use
Klein to develop 272 apartments in Metuchen, bringing new life to ex-factory site

A developer is expanding its portfolio in the state with plans for a new 272-unit multifamily property in Metuchen, where it’s repurposing a former industrial site.