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.

Capodagli is adding to its fast-growing portfolio with new residential, hospitality projects

With nearly 1,000 apartments under construction and some 2,000 more in its pipeline, Capodagli Property Co. is preparing for the next phase of its growth by launching a new hospitality platform that will bring cafés and restaurants to its future developments.

In Hackensack, a proving ground for Cap Hospitality

In crafting the design of the new Cap Diner, Nicolas Geeraerts said he wanted to “bring a little bit” of New York and Brooklyn, while also staying true to New Jersey. He also aims to create a younger, millennial vibe that is also going to attract families. The overall objective is to create a place “that is approachable, pricewise, for everybody (and) … where a community can get together without one person being better than the next,” said Geeraerts, who oversaw the development of a high-end food hall above New York Penn Station.

Developer plans fall opening for Lakewood apartments

A developer is set to unveil a new 74-unit apartment complex in Lakewood, with plans to open the property as soon as this fall.

Progress: $2.3 million loan funds purchase of Jersey City development site

Progress Capital Advisors has closed on a $2.3 million loan for a client to acquire a gas station in Jersey City, where it has approvals to build a 45-unit apartment building.

Battle continues over stalled Kushner, KABR project in Jersey City

The public feud between the Kushner Cos. and Jersey City Mayor Steven Fulop continued late last week, as lawyers for the developer threatened additional litigation on top of a lawsuit over a long-delayed, high-profile project in Journal Square.

Environmental firm touts milestone in N.J. cleanup program

A Hoboken-based firm is nearing a milestone in the state’s Licensed Site Remediation Professional program, having closed nearly 150 cases under the six-year-old guidelines.

CHA receives final OK for $57 million hospital redevelopment in Plainfield

A developer has completed its purchase of a shuttered hospital complex in Plainfield, clearing the way for a redevelopment that calls for a new medical arts complex and 120 apartments.

Vango kicks off construction at 52-unit rental project in Rutherford

A developer has broken ground on a new 52-unit luxury apartment building in downtown Rutherford, touting a location just two blocks from rail and bus service to Manhattan.

Developer sells Middlesex County apartments for $30 million, Gebroe-Hammer says

More than 50 years after completing a 152-unit garden apartment complex in Highland Park, the developer of the property has sold it for $30 million.

Newark’s construction boom is bolstered by a long-awaited change in perception, CBRE says

Experts say Newark is enjoying not only a surge of new private-sector investment, but also a level of interest that is helping to break the stigma that has plagued it for decades.