Hekemian & Co. Inc. is set to begin construction on a new 254-unit luxury apartment complex in Hackensack, marking the latest step in the sweeping effort to reinvent the city’s downtown.
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.
Population, policy shifts in focus at NAIOP developers’ panel
The role of demographics and government were in focus recently as NAIOP New Jersey hosted its annual CEO Perspective event. Joined by a crowd of professionals and developers, four executives highlighted key trends and policies that are shaping New Jersey’s real estate sector, while raising questions about what could impact the industry in the near term.
Devco, public officials break ground for New Brunswick Performing Arts Center
The New Brunswick Development Corp., public officials and a host of other stakeholders broke ground Wednesday on the $172 million New Brunswick Performing Arts Center project. Slated to rise 23 stories on Livingston Avenue, the mixed-use complex stands to transform the city’s famed downtown cultural arts district, spanning 450,000 square feet that will include performance venues, office space and more than 200 luxury apartments.
Developer drawing new renters to East Orange as it transforms city block by block
For Blackstone 360, a 105-unit project was just the beginning of what has become a major investment in East Orange. The development and design-build firm has since rehabilitated two other buildings in the city — comprising an additional 252 apartments — and now has a fourth project under construction that will deliver another 150 units to the neighborhood.
