If the first 40 years of Woodmont Properties were about becoming an institution in New Jersey’s real estate sector, the last 10 have been about ushering in a new era for the Fairfield-based firm. Look no further than the developer’s multifamily portfolio.
Brokers with Gebroe-Hammer Associates have had a busy stretch in Bergen County recently, arranging more than $70 million in multifamily investment sales.
BNE Real Estate Group has taken the wraps off its new 140-unit, luxury apartment building in downtown Bloomfield.
Stakeholders in the city are now looking ahead to a long-awaited groundbreaking for One Theater Square, a high-profile, mixed-use project that was conceived more than a decade ago. The $116 million proposal calls for a glassy, 22-story luxury apartment tower sitting atop street-level retail space, aiming to transform a 1.2-acre lot across from NJPAC.
A midrise apartment building in Morristown has traded hands for $18.5 million, the largest among more than $50 million worth of recent investments sales orchestrated a veteran broker with Gebroe-Hammer Associates.
Jonathan Rose Cos. has opened the doors to its first ground-up development project in New Jersey, a 215-unit apartment building just steps from the South Orange train station.
City officials are weighing a developer’s plan to redevelop a former hospital in Jersey City into a nine-story, 99-unit residential and retail building, according to The Jersey Journal.
Somerset Development has tapped Structure Tone Inc. to oversee construction plans, renovations and subcontractor management at Bell Works, the mixed-use redevelopment at the sprawling former Bell Labs complex in Holmdel.
Manhattan Building Co. announced last week that it had completed leasing at the second upscale apartment building in its Cast Iron Collection, a multiphase development near the border of Hoboken.