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.

SJP hits 60 percent leasing milestone at second Fort Lee rental tower

SJP Properties is touting a leasing milestone at the second of two 47-story residential towers in Fort Lee, part of a high-profile redevelopment at the foot of the George Washington Bridge.

Jersey City apartment buildings trade for $5.3 million, Marcus says

Two Jersey City apartment buildings with a combined 14 units have changed hands for more than $5.3 million, under a pair of transactions arranged by Marcus & Millichap.

Atkins, Woodmont hail lease-up of medical office building in Gloucester Co.

A new 40,000-square-foot medical office building in Gloucester County is fully leased, marking the latest milestone for a joint venture’s mixed-use redevelopment project.

Good vibes

As you’ll read in this month’s cover story, local leaders in Red Bank are increasingly open to the idea of redevelopment and smart growth in their community. The 2.2-square-mile borough has long held the cachet of towns such as Montclair and Morristown, but new mixed-use projects have been few and far between.

March Associates completes assisted living complex in Monmouth County (SLIDESHOW)

A developer has opened the doors to a senior housing and assisted living complex in Monmouth County, under a newly delivered project by March Associates Construction Inc.

Energy management software firm launches procurement platform

A software developer that helps landlords manage their energy costs has unveiled a new tool aimed at streamlining procurement, seeking to find additional savings for building owners.

Petrucci, TD+Partners kick off second phase of $40 million Plainfield project

A joint venture has broken ground on 90 new apartments in Plainfield, marking the second phase of a mixed-use project to redevelop a site that sat vacant for some three decades.

Developer, HMFA break ground on 103-unit affordable project in Mount Laurel

Construction is underway on a 103-unit affordable housing complex in Mount Laurel, thanks in part to a subsidy package from the New Jersey Housing and Mortgage Finance Agency.

Bijou launches leasing at boutique Hoboken rental project

Bijou Properties is set to debut its latest project in Hoboken, announcing the launch of leasing at a new 34-unit apartment building in the city’s northern end.

Redevelopment of ‘white elephant’ in Parsippany is moving ahead, anchored by plans for downtown-style shopping and dining

Four years after acquiring a defunct office complex in Parsippany, Stanbery Development Co. is on a clearer path toward fulfilling its plans for a high-end, downtown-style destination at the 17-acre site, which includes about five acres in neighboring Hanover. Known as The District at 1515, the project calls for 100,000 square feet of retail space, 441 residential units and a hotel.