A developer’s plan to create a sustainably designed, energy-efficient apartment building in downtown Montclair has been recognized by the U.S. Green Building Council.…
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.
For apartment sector, uncertainty in Washington threatens policy priorities
Despite the benefits of last year’s federal tax reform, the apartment sector is grappling with uncertainty and unpredictability in Washington, D.C., raising questions about the future of affordable ho…
AvalonBay rebuilds, reopens Edgewater building after 2015 blaze
AvalonBay Communities has unveiled 240 new apartments in Edgewater, following a high-profile fire in 2015 that leveled half of its luxury rental complex in the borough.…
Developer breaks ground on 276 apartments in Somerset County
Construction is underway on a new 276-unit apartment complex in Raritan Borough, where a developer hopes to seize on a location just steps from a commuter train station.…
NAI Hanson brokers sale of Paterson condo building, development site
A real estate investment firm has acquired a 48-unit condominium building in downtown Paterson, along with a nearby development site that is approved for 195 rental units.…
Gebroe-Hammer inks sale of 189 apartments in Plainfield, Elizabeth
Four apartment properties in Union County have changed hands for a combined $22.7 million, following a set of transactions announced by Gebroe-Hammer Associates.…
Reinvention of historic Edison complex nearly complete, as first residents move in
The long-awaited project known as Edison Village is nearing completion and already welcoming residents to its first phase: a new three-story, 34-unit building known as Edison Mews. In the coming month…
Higher and better: Developers making strides in repurposing New Jersey’s vacant, outdated office buildings
Slowly but surely, developers have begun to chip away at one of New Jersey’s most chronic issues when it comes to commercial real estate — the abundance of obsolete, aging office buildings that are no…
Developer completes fourth adaptive reuse project in Paterson
Paramount Assets has completed its adaptive reuse of a historic property in Paterson, debuting renovated street-level retail and new apartments at what had been warehouse space.…
Walters: 91-unit Seaside Heights project on track to open in early 2019
A new 91-unit apartment building in Seaside Heights is set to open in less than a year, developer Walters Group said, as construction continues on the age- and income-restricted project.…