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
Advance breaks ground on 399-unit rental project in growing Harrison redevelopment area

Advance Realty Investors has broken ground on nearly 400 new apartments in Harrison, in what will be the latest addition to a 35-acre stretch of the town’s waterfront redevelopment zone.

Roundtable
After pushback, Paramount prepares for latest adaptive reuse project in downtown Newark

A developer is moving ahead with plans to build 80 new apartments and ground-floor retail space inside a historic building in downtown Newark, following backlash from members of a congregation that had been based at the property for some four decades.

Residential & Mixed Use
Marcus inks 14-unit multifamily sale in Montclair

A private investor has purchased 14 apartments in Montclair for nearly $1.8 million, in a newly announced transaction by Marcus & Millichap.

Finance & Capital Markets
Developer lands $96 million loan from SCALE, eyeing another 811 units in Journal Square

A developer has landed nearly $100 million in financing to both break ground on 235 apartments and acquire a nearby site that is approved for another 576 units, with both parcels located in Jersey City’s historic and re-emerging Journal Square neighborhood.

Residential & Mixed Use
Accurate Builders launches leasing at final phase of new Raritan Borough apartments

The final piece of a new 276-unit luxury apartment complex in Somerset County has hit the market, helping to revive an underused site alongside NJ Transit’s Raritan Valley line.

Residential & Mixed Use
Developer, housing authority open 60-unit affordable, supportive project in Elizabeth

A public-private partnership has unveiled a new 60-unit, mixed-income housing development in Elizabeth, providing new units for formerly homeless individuals and other city residents.

Residential & Mixed Use
KRE launches leasing, eyes December move-ins at 38-story rental tower in Jersey City

Kushner Real Estate Group has all but completed a new 38-story apartment tower in downtown Jersey City, adding another 507 units to its fast-growing portfolio in Hudson County.

Residential & Mixed Use
Fort Lee’s Horizon House taps architect Steven Kratchman for master-plan, renovations

The board of Horizon House, a large multifamily complex in Fort Lee, has appointed Steven Kratchman Architect PC of New York to create a long-range master plan that will be the first phase of a longer-term strategy to reinvigorate the residential property.

Government & Public Policy
EDA approves rules, set to accept applications for new Aspire gap financing program

State officials are set to begin taking applications under a new incentive program that will look to provide gap financing to commercial and residential projects across New Jersey.

Health Care & Education
Summit Health debuts 30,000 sq. ft. office at new Montclair arts campus

Summit Health has opened the doors to a new 30,000-square-foot office in Montclair, in one of the first pieces of a new mixed-use development near the acclaimed Wellmont Theater.