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.

Cover Story
Developers see new, long-awaited opportunities in Red Bank

Red Bank is now embracing redevelopment and smart growth concepts more than it has in recent memory, insiders say, as evidenced by the growing list of projects that are now under construction or in its pipeline. That embrace is a long time coming for developers that have seen all the community has to offer — from its popular downtown to the Navesink River waterfront, along with a rich cultural scene and an affluent population.

Finance & Capital Markets
Investors Bank touts $412 million in recent commercial loans

Investors Bank has closed on a $30 million loan to refinance a nearly 400,000-square-foot office park in Bloomfield, the largest among several newly announced transactions.

Residential & Mixed Use
Joint venture debuts 260-unit project in Jersey City, the first of three phases (SLIDESHOW)

A development group is off to a fast start at a new luxury apartment complex in Jersey City, the first of three phases that will add more than 600 units to a fast-growing neighborhood.

Retail
Redeveloper of massive Sayreville site names new senior vice president, director

The developer of a planned 5 million-square-foot, $2.5 billion project at a long-dormant site in Sayreville has hired a new executive to oversee the effort.

Residential & Mixed Use
The S.Hekemian Group wins approval to redevelop Mercedes-Benz campus in Montvale

Local officials have cleared the way for a mixed-use, $150 million plan to redevelop the former Mercedes-Benz USA headquarters site in Montvale.

Government & Public Policy
Murphy details tax credit overhaul, unveils new legislation

With less than four weeks to go until New Jersey’s tax incentive programs expire, Gov. Phil Murphy on Wednesday unveiled a bill to establish new subsidies for developers and businesses that would include annual caps on awards and requirements tied to union labor.

Residential & Mixed Use
Kislak inks four Jersey Shore investment sales for $7.5 million

Four Jersey Shore investment properties have changed hands for a combined $7.5 million, under a set of newly announced transactions by The Kislak Co. Inc.

Residential & Mixed Use
HFF marketing 144-unit rental complex in Somerset County

The owner of a three-building, 144-unit apartment complex in Somerset County is seeking a buyer for the market-rate property.

Residential & Mixed Use
Developer unveils new renderings of 79-story condo tower in Jersey City

The developer of a 79-story luxury condominium tower in Jersey City is offering a new glimpse of what will soon become the state’s tallest residential building.

Professional Services
Sanzari names manager for 740-unit residential portfolio

Alfred Sanzari Enterprises has tapped a regional management firm to oversee its residential holdings in Bergen and Middlesex counties.