After multiple Supreme Court decisions over 50 years, the creation of the Council on Affordable Housing and its subsequent power stripping by the Supreme Court in 2015, over 60,000 units of affordable housing have been created. So, does that mean that the battle over affordable housing in New Jersey is over? Nothing could be further from the truth.
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.
Gebroe-Hammer honors broker in $75 million, 487-unit portfolio sale
A broker with Gebroe-Hammer Associates has won a top honor from the firm in connection with last year’s $75 million sale of a 487-unit, 18-building portfolio in Hudson and Bergen counties.
Final phase of Camden redevelopment project underway, HMFA says
The Michaels Organization has broken ground on 58 apartments in Camden, the final piece of a project to redevelop a former public housing complex in partnership with state officials.
Zamir Group breaks $100 million in 2019 sales volume, touting NJMLS milestone
A team with Keller Williams Town Life is celebrating its recent banner year, having completed more than $106 million in sales volume across nearly 200 transactions in 2019.
Jersey City condo tower starts strong in 2020, recording 21 contracts
After a robust end to 2019, the developer of a luxury condominium tower along the Hudson waterfront has carried that momentum into the new year.
State unveils Newark affordable housing project with Pennrose, RWJBarnabas
A developer is partnering with one of the state’s largest hospital systems to create dozens of affordable housing units near Newark Beth Israel Medical Center.
JMF hails leasing milestone at Plainfield rental community
JMF Properties has surpassed the 50 percent leased milestone at a 114-unit luxury apartment complex in Plainfield, the first of two phases in what it describes as an emerging transit village.
Kislak foundation awards $50,000 grant to Newark-area Habitat for Humanity
The Kislak Family Foundation has made a $50,000 grant to Habitat for Humanity of Greater Newark, which the organization will use for projects in Essex, Hudson and Union counties.
Developer, local officials offer vision for $500 million project in East Brunswick
A developer on Tuesday joined local officials in East Brunswick to present their vision for a $500 million redevelopment plan in the township, seeking to transform more than 40 acres of aging and underutilized retail property along the busy Route 18 corridor.
Developer touts key approval for 153-unit rental project in Union
A developer is one step closer to breaking ground on its first New Jersey project, a 153-unit apartment complex in Union that recently won approval from the township’s planning board.
