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
New TFE townhome-style rental project in Somerville hits 50 percent leased milestone

TFE Properties has leased 50 percent of a new rental project that will bring 174 townhome-style units to a location just outside downtown Somerville.

Government & Public Policy
Bill to boost housing density with extra state aid to towns clears Assembly committee

State lawmakers are hoping to create new housing in New Jersey with an incentive-based approach, unveiling a bill that would boost aid to municipalities that update their zoning to allow for higher-density residential development.

Deals
Downtown Morristown development site trades for $4.9 million, Marcus says

A local private investor has acquired a development site in downtown Morristown for $4.9 million, brokers with Marcus & Millichap announced Monday.

Residential & Mixed Use
Jersey City’s NUIC lands unanimous planning board approval for 44-unit rental project

Development firm NUIC plans to redevelop a long-vacant site at 174-178 Martin Luther King Drive in Jersey City as a five-story, 44-unit apartment building known as Harmony House. — Rendering courtesy: NUIC By Joshua Burd The Jersey City planning board…

Residential & Mixed Use
East Rutherford rental project moves ahead with key zoning board approval, Taylor says

A developer has taken a key step in a plan to build a new 26-unit apartment building in East Rutherford, according to a project team with Taylor Architecture & Design.

Residential & Mixed Use
Small town, big plans: New development helping to spark revival of downtown Dunellen, as borough eyes additional projects after years of planning

Major redevelopment projects are taking shape in downtown Dunellen after more than two decades of planning by local officials, who are eager to keep the momentum going with a balanced but proactive approach that has brought new attention to the borough.

Residential & Mixed Use
Developer eyes 1,000 apartments, retail space in new plan for historic Orange hospital site

A developer has secured a key local approval for a project that would bring more than 1,000 apartments and commercial space to the long-shuttered Orange Memorial Hospital property.

People
Denholtz adds former Kushner, Related executive McCool as head of capital markets

Denholtz has hired Jennifer McCool as executive vice president and head of capital markets, in another key addition to the company’s senior leadership team.

People
Woodmont taps Moore as co-chief investment officer, head of value-add multifamily unit

Woodmont Properties has appointed Jon Moore as co-chief investment officer and principal of a newly formed division focused on value-add multifamily investments.

Residential & Mixed Use
PEEK Properties set to unveil final phase of Orange Crossing with new 90-unit property

Leasing is set to begin at a new 90-unit luxury apartment building in Orange, the third and final phase of a high-profile redevelopment near the city’s downtown and NJ Transit rail service.