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.

Top News
With fast-growing pipeline, Alpine makes major investment in historic Jersey City neighborhood

Alpine Residential is betting big on Jersey City’s Bergen-Lafayette neighborhood, where it recently built more than 200 luxury apartments and is planning another $430 million in new development — including a high-profile project at the nearby Liberty Science Center.

Residential & Mixed Use
Developer breaks ground on 51-unit rental building in Orange, Avison Young says

Construction is underway on a building that will bring another 51 luxury apartments to Orange, while redeveloping a site just north of NJ Transit rail service.

Features
Nonprofit eyes rehab, expansion of Trenton home as permanent hub for living and learning

A nonprofit serving marginalized high school girls in Trenton has purchased a three-story house in the city that it now hopes to renovate into a permanent dwelling for the organization, one that would nearly quadruple its student population, while bringing its team of educators and administrators under one roof.

Residential & Mixed Use
Jersey City condo tower hits sales milestone after summer flurry

More than 300 homebuyers have now committed to 99 Hudson, the new 79-story condominium tower in Jersey City, following a summer surge at the distinctive waterfront building.

Residential & Mixed Use
New York-based buyer adds 43-unit Jersey City rental portfolio for $6.9 million

A private investor has purchased a three-building, 43-unit apartment portfolio in Jersey City for $6.9 million, according to a brokerage team with Capital Realty Associates.

Residential & Mixed Use
Larken Associates touts preleasing success at new 254-unit Readington rental property

Larken Associates has preleased nearly 90 percent of a new 254-unit luxury apartment property in Readington, with plans to welcome its first residents in the coming months.

Photos
Spencer Savings Bank continues service, financial support to Habitat for Humanity

Spencer Savings Bank has continued its partnership with Habitat for Humanity with two recent projects in the region and a donation to the organization’s Bergen County affiliate.

Residential & Mixed Use
Diversified, Fidelco launch leasing at 263-unit second phase of Union multifamily project

A development team has unveiled its next phase of luxury apartments in Union Township, where plans call for another 263 units after the project’s initial debut in 2018.

Residential & Mixed Use
Veris Residential brings electric vehicle charging stations to 750-unit Jersey City high-rise

Veris Residential Inc. has unveiled a partnership that has brought two dozen electric vehicle charging ports to a newly built, 750-unit apartment tower in downtown Jersey City.

Finance & Capital Markets
Investor lands $26 million acquisition loan for 1,250-space Hoboken parking deck

The buyer of a 1,250-space parking structure in uptown Hoboken has obtained nearly $27 million in financing for the deal, according to a debt placement team with Northmarq.