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
Move-ins underway at 99-unit building in historic Jersey City neighborhood

A new 99-unit luxury apartment building in Jersey City has started to welcome its first residents.

Retail
CVS opens at Russo’s sprawling mixed-use project in Union

CVS Pharmacy has opened its doors at Russo Development’s new mixed-use property in Union, joining several other retailers serving hundreds of new apartments and Kean University.

Residential & Mixed Use
Jersey City forges ahead with high-profile development pipeline, despite pandemic

While local officials across New Jersey have hit the brakes on large-scale projects, Jersey City has made a deliberate effort to keep its pipeline flowing since the start of the health and economic crisis, as many developers remain bullish on its booming residential market.

Editor’s Note
In spite of it all

It was a busy spring, surprisingly so, and I know many of you would agree. I’ve seen it firsthand in the lease and sale announcements that have continued to hit my inbox these last three months, with many of them offering praise to the parties involved for getting the deal done in the midst of “challenging economic times” or “uncertain market conditions.” I know full well that much of the industry is still hurting. We won’t lose sight of that. But we will take the opportunity to highlight some of the positive things that are happening in spite of the pandemic.

Residential & Mixed Use
Hekemian & Co. debuts 254 apartments in downtown Hackensack

Hekemian & Co. has unveiled a new 254-unit residential building in Hackensack, the latest addition to the city’s growing stock of luxury apartments.

Finance & Capital Markets
JLL secures $12 million credit facility for apartment owner

The owner of four multifamily properties in the region has landed a $12 million credit facility, under a transaction arranged by JLL’s Morristown-based capital markets team.

People
Woodmont names new director of human resources

Woodmont Properties has added to its leadership ranks with the hiring of a veteran human resources director.

Hospitality & Tourism
Upscale Asbury Park hotel set to reopen after COVID shutdown

A luxury hotel along the Asbury Park waterfront is set to reopen after being closed due to the coronavirus outbreak.

Residential & Mixed Use
Hornrock unveils 62-unit rental property in Bergen County

Hornrock Properties has opened the doors to a 62-unit luxury apartment building in Bergenfield, touting the ongoing growth and revitalization of the Bergen County borough.

Residential & Mixed Use
C&W inks sale of Woodbridge redevelopment site to Russo, Onyx

Russo Development and Onyx Equities have closed on a 21-acre parcel in Woodbridge, clearing the way for a project that will add 376 apartments and new retail space to the township.