Two New Jersey real estate firms have joined forces with a focus on the new federal Opportunity Zone program, having already teed up more than $85 million in multifamily investments.
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.
DeMarco, Pozycki see a corporate anchor as the next step for Jersey City waterfront
The sweepstakes for Amazon’s second headquarters had ended just a few hours earlier, but Mike DeMarco invoked the name of another technology giant with an outsized footprint. With less fanfare, comparatively speaking, Google in recent years has steadily grown its presence across Manhattan’s West Side, energizing neighborhoods such as Chelsea and the Meatpacking District. And published reports say the company is preparing for another major expansion that would push its portfolio in the city beyond 6 million square feet.
It’s the kind of story that Jersey City can only hope for. DeMarco doesn’t think it’s so far-fetched, given all the city has to offer.
