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.

Government & Public Policy
ACDEVCO, stakeholders secure $680,000 award for Atlantic City neighborhood plan

Business leaders have secured nearly $700,000 in state funding for Atlantic City’s Chelsea neighborhood, supporting everything from streetscape improvements to outdoor fitness classes.

Government & Public Policy
Developers join public officials, ex-baseball stars to hail Paterson stadium revival

A development team has broken ground on a long-awaited plan to revitalize and reopen Paterson’s historic Hinchliffe Stadium, joining a host of public officials and retired baseball stars to mark the start of the $94 million project.

Finance & Capital Markets
Saxum lands $47 million loan for Philadelphia rental project, JLL says

Saxum Real Estate has secured nearly $47 million in financing for a 297-unit multifamily project in Philadelphia, according to a Morristown-based debt placement team with JLL.

Residential & Mixed Use
Hopkins Group opens 40-unit rental project at historic Elks lodge in Journal Square

A developer has unveiled its latest project in Jersey City with the opening of 40 new loft apartments inside a historic Elks lodge building.

Retail
Bayoh opens new IHOP at mixed-use project in downtown Newark

A developer and restaurateur joined local officials last week to open a new IHOP in Newark, part of a mixed-use project that will also bring 84 apartments to the downtown.

Residential & Mixed Use
Developers tout leasing milestone at 338-unit rental project in Marlton

A joint venture has leased up the first phase of a 338-unit apartment project in the Marlton section of Evesham, part of an ongoing mixed-use development along Route 70.

People
NJBA installs Mann as 68th president alongside newest slate of board officers

The New Jersey Builders Association has installed its newest president, tapping a Millburn-based developer and attorney to help guide the organization in the year ahead.

Residential & Mixed Use
Journal Square apartment building trades for $25 million, Gebroe-Hammer says

An Ohio-based company has added to its New Jersey holdings with its recent purchase of a 94-unit apartment building in Jersey City, in a deal arranged by Gebroe-Hammer Associates.

Government & Public Policy
Revival of iconic Paterson stadium on the horizon, with hometown developer at the helm

A plan to restore and reopen Paterson’s historic Hinchliffe Stadium is now within reach, as the project moves ahead under a team led by a hometown developer, in an effort that will also honor the site’s history as a Negro League baseball stadium. The mixed-use project could even become a focal point for redevelopment in Paterson, which has lagged behind other large New Jersey cities that have seen high-profile, public-private revitalization efforts.

People
Hampshire announces new hires for finance, accounting teams

The Hampshire Cos. has made several new hires this year as part of a plan to bolster its internal financial and accounting capabilities.