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.

Special liquor permit bill would aid development in downtown Hackensack, advocates say

Amid the sweeping push to reform the state’s outdated liquor license laws, stakeholders in Hackensack are seeking a more targeted solution for their city. Business leaders and local officials have thrown their support behind a bill that would allow builders in transit-oriented, downtown redevelopment zones to apply for yearly liquor permits based on the new residents that their projects would bring to the area.

Falafel chain coming to mixed-use Hudson Lights project in Fort Lee

A regional falafel chain has joined the tenant mix at Hudson Lights, the 1 million-square-foot residential, retail and entertainment complex near the George Washington Bridge in Fort Lee.

Bergen County rental building sells for $1.15 million, Marcus & Millichap says

An investor has purchased an eight-unit apartment property in Garfield as part of a $1.15 million transaction arranged by Marcus & Millichap.

Eye on Trenton: Developers wary of proposed changes to tax abatement law

In a state that is increasingly dependent on redevelopment in densely populated, infrastructure-rich towns and cities, lawmakers are mulling changes to a tax abatement statute that is often seen as critical to bringing those projects to life.

Mixed-use light: Target the mix of uses to your market

When exploring options for mixed-use development, it is important to understand the micro market in which you are planning to build. Whether urban or suburban, a close look at existing conditions and other development projects on the boards will identify small niche opportunities for right-sized retail, cultural and restaurant uses.

Developer aims to create new Jersey Shore destination at Fort Monmouth

A developer’s plan to create a new mixed-use gateway at the landmark Fort Monmouth property is taking shape, with the potential to break ground as soon as early next year.

Developer opens new affordable, age-restricted community in Monmouth County

Community Investment Strategies Inc. has taken the wraps off its latest project, a 93-unit, affordably priced rental building geared toward senior citizens in Monmouth County.

Weehawken apartment buildings trade for $6.3 million, Gebroe-Hammer says

A local investor has acquired two apartment buildings with a combined 38 units in Weehawken, following a transaction arranged by Gebroe-Hammer Associates.

Hartz, Panepinto project is ‘another step’ in Journal Square’s revival

If there is any doubt about the demand for new luxury apartments away from downtown Jersey City, look to the new 13-story tower that has risen just northwest of the busy Journal Square transportation center. That’s where a crowd gathered on Tuesday morning to celebrate the opening of the building, 3 Journal Square, as the newest addition to the onetime commercial hub of the city.

Developers break ground, raise flag at adaptive reuse project in Verona

Construction is underway at a project that would convert a historic flag factory in Verona into the centerpiece of a new 112-unit residential development.