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
Dranoff, Schreiber look ahead after setting the stage for NJPAC development

Stakeholders in the city are now looking ahead to a long-awaited groundbreaking for One Theater Square, a high-profile, mixed-use project that was conceived more than a decade ago. The $116 million proposal calls for a glassy, 22-story luxury apartment tower sitting atop street-level retail space, aiming to transform a 1.2-acre lot across from NJPAC.

Finance & Capital Markets
Morristown midrise among seven deals brokered by Gebroe-Hammer’s Tragash

A midrise apartment building in Morristown has traded hands for $18.5 million, the largest among more than $50 million worth of recent investments sales orchestrated a veteran broker with Gebroe-Hammer Associates.

Residential & Mixed Use
Jonathan Rose unveils South Orange development

Jonathan Rose Cos. has opened the doors to its first ground-up development project in New Jersey, a 215-unit apartment building just steps from the South Orange train station.

The Rundown
Developer seeks to convert former Jersey City hospital

City officials are weighing a developer’s plan to redevelop a former hospital in Jersey City into a nine-story, 99-unit residential and retail building, according to The Jersey Journal.

Residential & Mixed Use
Structure Tone serving as lead contractor for Bell Works

Somerset Development has tapped Structure Tone Inc. to oversee construction plans, renovations and subcontractor management at Bell Works, the mixed-use redevelopment at the sprawling former Bell Labs complex in Holmdel.

Residential & Mixed Use
Jersey City multifamily project marks another milestone

Manhattan Building Co. announced last week that it had completed leasing at the second upscale apartment building in its Cast Iron Collection, a multiphase development near the border of Hoboken.

Events
SLIDESHOW: KABR breaks ground in Jersey City

Executives from the KABR Group gathered with local officials on Sept. 15 to break ground at 720-726 Bergen Ave., a new 58-unit apartment building in the McGinley Square section of Jersey City.

Finance & Capital Markets
Wilcox secures financing for two Louisiana properties

G.S. Wilcox & Co., a Morristown-based mortgage banking firm, said it has arranged for two multifamily properties in Louisiana.

Residential & Mixed Use
New KABR project aims to spark revival in Jersey City

Hoping to serve as a catalyst in the neighborhood, the KABR Group broke ground Thursday on a new 58-unit apartment building in Jersey City’s McGinley Square section.

Residential & Mixed Use
NJPAC: ‘Theater Square’ project on the verge of breaking ground

More than a decade after the idea was first proposed, the long-stalled plans for a luxe residential high-rise near the New Jersey Performing Arts Center appear to be back on track in Newark.