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
Russo unveils 296-unit rental project at Garwood train station

Russo Development has launched leasing at a new 296-unit high-end apartment building in Garwood, seeking to lure renters to a site that is steps from commuter rail service.

Residential & Mixed Use
JLL: AvalonBay sells 632-unit rental property minutes from downtown Princeton

AvalonBay Communities Inc. has sold a 19-building, 632-unit apartment development just outside Princeton, in a newly announced transaction by JLL.

People
JDA Group executive promoted to vice president

Commercial real estate firm JDA Group LLC has announced a promotion on its team as it looks ahead to a high-profile development project and other growth opportunities.

Residential & Mixed Use
Landmark debuts amenities at second phase of Union Twp. rental project

The builder of a new upscale apartment complex in downtown Union has unveiled a series of amenities at the property’s second phase.

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.