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.

Developers plan $35 million mixed-use project in Burlington City, report says

A joint venture is one step closer toward redeveloping a parking lot in Burlington City into 184 apartments and nearly 8,000 square feet of retail space along the Delaware River.

Officials, developers break ground on $24M affordable housing project in Woodbridge

Construction is underway at what will be a new low- and moderate-income residential community in Woodbridge, replacing a former 1950s-era public housing complex.

Procida lends $7.65 million for townhome project

Procida Funding LLC has closed a $7.65 million construction loan for a planned 12-unit townhome project in Brooklyn, the Englewood Cliffs-based firm announced.

NAIOP announces winner of student competition for Trenton redevelopment site

A team from Villanova University took the top honors and a $5,000 prize in a recent competition held by NAIOP New Jersey, where students from area schools offered their vision for redeveloping a historic manufacturing site in Trenton.

Getting on track: Successful rental project, flood control measures spur new interest in Bound Brook

A successful rental project is one of two driving forces that now have Bound Brook ready to move ahead with a long-overdue revitalization of its downtown. The borough, whose Main Street has a history of being pummeled by surges from major storms, marked the completion last year of a $143 million flood control project — meaning downtown business and property owners no longer need to spend thousands of dollars on flood insurance.

Kislak: New owner plans renovation at Hudson County apartment building

An investor has acquired a West New York apartment building that had been damaged in a fire and is planning a full renovation of the property, according to The Kislak Co. Inc.

Work set to begin at new 69-unit rental project in Somerville

A developer has received approval to build 69 luxury apartments in downtown Somerville, marking the latest project to move forward in the borough’s ongoing redevelopment.

Redwood Realty brokers $6M in Hudson County apartment sales

Seven apartment buildings in Hudson County traded last month for a combined price of $6 million, in a series of deals brokered by Redwood Realty Advisors.

Town alleges conflict of interest in affordable housing case, citing judge’s ties to developer

Attorneys for the township of South Brunswick are accusing a former Superior Court judge of having a conflict of interest, citing his ties to a developer that he went to work for only months after ruling that the municipality must zone for at least 1,500 affordable housing units.

Gebroe-Hammer: 72-unit Jersey City portfolio fetches $7.75M

A three-building multifamily portfolio in southern Jersey City has changed hands, in a nearly $8 million deal brokered by Gebroe-Hammer Associates.