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.

Top News
Fast-growing firm combines mobile app, technology to find energy savings for landlords

In less than five years, a Livingston-based firm that helps landlords manage their energy costs is now serving more than 80 million square feet of residential and commercial space from New Jersey to California, with a client list that is a who’s who of major owners and operators.

Residential & Mixed Use
Manhattan Building Co. eyes sweeping plan to transform Jersey City neighborhood

A developer with deep roots in Hudson County has proposed building more than 2,300 apartments at the edge of downtown Jersey City, seeking to transform several blocks of blighted property just east of the New Jersey Turnpike extension.

Residential & Mixed Use
Somerset closes on 31-acre transit village site in Somerville

Somerset Development has completed its long-awaited acquisition of 31 acres in downtown Somerville, paving the way for a project that includes more than 500 residential units and other uses adjacent to the borough’s train station.

Residential & Mixed Use
Rock climbing gym coming to rehabbed New Jersey Bell tower in Newark

Newark’s first rock climbing gym is set to open early next year, bringing a new amenity to the city and to a historic tower that is now home to more than 260 apartments.

Residential & Mixed Use
Cervelli inks sale of nine-unit rental property in Weehawken

A local operator has sold a nine-unit apartment building in Weehawken, in a transaction announced Thursday by Cervelli Real Estate & Property Management.

Residential & Mixed Use
Claremont, turning its focus to development, will merge construction business with Buffalo firm

Claremont Cos., a Far Hills-based developer and general contractor, is handing off its construction business to a new partner in order to focus on its own fast-growing pipeline.

Government & Public Policy
L+M, Prudential land financing to preserve and upgrade Newark housing complex

L+M Development Partners and Prudential Financial have secured financing to preserve and renovate a government-subsidized housing complex in Newark’s South Ward.

Residential & Mixed Use
Harrison: Advance, DeBartolo hail leasing milestone at 280-unit project

A joint venture has leased 50 percent of the apartments at its recently delivered, 280-unit luxury residential building along the Harrison waterfront.

Government & Public Policy
Murphy reiterates plan to veto incentives extension, hopes for ‘common ground’

Gov. Phil Murphy doubled down on his pledge to veto a bill to extend New Jersey’s embattled tax incentive programs, while still offering hope for a compromise with state lawmakers.

Residential & Mixed Use
Developers, officials debut $48 million Camden apartment building

A development group has completed a new 156-unit apartment building on the Camden waterfront, delivering the city’s first new market-rate rentals in more than a decade.