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.

Residential & Mixed Use
NJCC provides $8.6 million in predevelopment funding for Bayfront project in Jersey City

New Jersey Community Capital is taking a stake in the acclaimed Bayfront project in Jersey City, making an $8.6 million preferred equity investment in the West Side redevelopment.

Finance & Capital Markets
Namdar snags $358 million construction loan for 1,126 new units in Journal Square, report says

Namdar Group is set to break ground on a combined 1,126 new apartments in Jersey City after reportedly securing $358 million in construction financing.

Residential & Mixed Use
A new solution: Supportive housing advocates, developers hope state law will spark major expansion of special needs units

There’s not enough supportive housing in New Jersey, according to advocates and industry experts, and they hope incentives in the state’s revamped affordable housing rules will help expand the market.

Food & Beverage
Restaurant blending Korean-American fare, wood-fired grilling opens at Journal Square Urby

Urby has welcomed a new restaurant from a familiar operator to the base of its 25-story, 317-unit apartment building in Jersey City’s Journal Square neighborhood.

Government & Public Policy
Hackensack council votes to scrap PILOTs for major projects by Sanzari, Russo and Enburg, with legal action now looming

The Hackensack city council has voted to rescind payment in lieu of taxes agreements for three high-profile development projects, raising major questions about the fate of proposals that would bring another 650 luxury apartments to the municipality.

Residential & Mixed Use
Woodmont breaks ground, eyes 2028 delivery for 300-unit Metropark rental project

Woodmont Properties has broken ground on a project that will bring 300 new luxury apartments to a site less than a mile from the Metropark train station in Woodbridge.

Finance & Capital Markets
JLL arranges construction loan, JV equity for 230-unit upscale rental project in Watchung

A six-building, 230-unit multifamily project in Watchung is moving ahead with the help of a construction loan and joint venture equity secured by JLL.

Residential & Mixed Use
Larken hails completion, lease-up of 120-unit multifamily property in Pohatcong

Larken Associates has completed and leased up a collection of 120 new apartments in Warren County, marking another milestone for its fast-growing residential portfolio.

Residential & Mixed Use
Weiss Realty sells Fort Lee development site approved for 24 high-end rentals

Weiss Realty has sold a development site in Fort Lee with approvals in place for a 24-unit luxury apartment building.

Residential & Mixed Use
PRC enters New Jersey, acquires 150-unit affordable housing complex in Paulsboro

Real estate firm PRC has acquired a 150-unit apartment complex in Paulsboro, where it’s now planning a major update to help maintain the property’s affordable housing subsidies.