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.

People
New property manager joins Denholtz

Denholtz Associates has hired a property manager to help oversee its portfolio in Central Florida, the Matawan-based commercial real estate firm said Wednesday

Government & Public Policy
Acquisition gives N.J. full control over Fort Monmouth site

After four years of redevelopment efforts that focused on only half of the sprawling Fort Monmouth property, a state authority has acquired the remaining 560 acres from the U.S. Army, allowing it to move ahead with projects that are slated for the balance of the site.

Government & Public Policy
Developers wanted for former Camden prison site

A state authority is seeking a developer for the site of a former prison in Camden — a parcel that it describes as “the most valuable piece of real estate” on the city’s northern waterfront.

The Rundown
Pompton Lakes agency OKs mixed-use redevelopment

Local officials in Pompton Lakes have approved a plan that would bring more than 450 apartments and a host of retail space to its downtown, according to a published report Tuesday.

Residential & Mixed Use
Three Essex County multifamily towers sell for $27M

Private investors have acquired a set of apartment high-rises in East Orange, paying $27.15 million for nearly 250 units in one of the city’s main thoroughfares.

Residential & Mixed Use
One Theater Square: The right project at the right time

Stakeholders are celebrating a project that is not only a long time coming, but coming at perhaps the perfect time for Newark.

Government & Public Policy
In Newark, a feel-good moment decades in the making

Business leaders and public officials gathered in Newark on Monday for groundbreaking ceremony for One Theater Square, a $116 million residential tower across from the New Jersey Performing Arts Center.

The Rundown
Report: 21-unit project pitched for Jersey City’s Heights section

A developer has proposed building a 21-unit residential complex at what is now a repair shop in Jersey City’s Heights section, according to a published report.

Residential & Mixed Use
Two months in, Bloomfield rental property marks leasing milestone

A new 140-unit, luxury apartment complex in Bloomfield has leased 50 percent of its units in less than two months — a pace that exceeds the expectations of its own developer.

Residential & Mixed Use
Marketing push underway for transformative Journal Square project

With its partner, National Real Estate Advisors, KRE Group is preparing to open a high-profile project in one of Jersey City’s most storied neighborhoods — a 53-story residential tower that will mark the first piece of what’s known as Journal Squared.