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
Developer touts 131-unit project underway in Jersey City

An Ohio-based developer has announced its entrance to Jersey City, detailing a 131-unit project underway in a neighborhood just south of Hoboken and west of the Holland Tunnel.

Residential & Mixed Use
Investors debut rehabbed affordable housing in Jersey City (SLIDESHOW)

A joint venture has completed its rehabilitation of Jersey City’s largest privately held Section 8 housing complex, a 483-unit property near the city’s Journal Square section.

Residential & Mixed Use
Affordable senior housing breaks ground in Cinnaminson

Developers have started construction on a new 54-unit, age- and income-restricted rental community in Cinnaminson, their seventh joint venture in southern New Jersey.

Finance & Capital Markets
Kennedy Funding inks $2.4 million loan for Wyoming homebuilder

Kennedy Funding has closed on a $2.4 million loan that will pave the way for a new 221-acre residential development in Wyoming’s second-largest city.

Editor’s Note
A new twist on mixed-use

As you’ll read in this month’s cover story, a joint venture is banking on health care as a key ingredient in a long-awaited, mixed-use project in Gloucester County. Consider that the 35-acre development, known as Washington Square Town Center, includes a 40,000-square-foot medical office building as a way to balance the amount of retail on the site. The plan also calls for a 110-bed assisted living facility, which will provide the tax revenue that might otherwise come from a more traditional commercial use.

Government & Public Policy
Murphy unveils Hoboken flood wall location, but fate of rail yards project still unclear

Gov. Phil Murphy has announced a long-awaited plan for a flood barrier at the southern end of Hoboken, although its location could threaten or dramatically alter a proposal to redevelop the rail yards alongside the city’s busy train terminal.

Residential & Mixed Use
Construction begins at Burlington senior housing complex

March Associates Construction has broken ground on the first of eight remaining buildings within a master-planned senior living community in Burlington County.

Residential & Mixed Use
FEM hails construction milestone at upscale condo project in Long Branch

A new eight-story luxury condominium building in Long Branch is on track to open next fall, as its developer marks a construction milestone for the beachfront property.

Office
Prism: Roadwork, upgrades continue as ON3 prepares for new users

Prism Capital Partners has completed the first phase of major infrastructure improvements at its ON3 campus in Nutley and Clifton, as it continues to ready the site for new tenants and additional construction.

Professional Services
With deep ties to New Jersey’s real estate families, Mandelbaum Salsburg has thrived for decades

Commercial real estate has been a driving force behind Mandelbaum Salsburg P.C., a law firm that has served as a steady hand to many of the state’s prominent multigenerational developers and is a multigenerational business in its own right.