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.

Government & Public Policy
Policy playbook: NJBA aims to tackle construction, housing costs on multiple fronts in Trenton

Developers are cautiously optimistic about new legislation to streamline affordable housing production in New Jersey, but it’s far from their only public policy objective in 2024.

Residential & Mixed Use
Tishman Speyer acquires land beneath planned two-tower, 1,941-unit rental project

Tishman Speyer has completed its acquisition of parcels in Jersey City that are slated to become two mixed-use towers with nearly 2,000 new luxury apartments.

Events
Show time: Atlantic Builders Convention set to begin with new venue, new energy as housing industry eyes tailwinds in 2024

The Atlantic Builders Convention will kick off this week at a new venue for the first time in five years, bringing a crowd of thousands to the Hard Rock Hotel & Casino Atlantic City. That comes with new excitement, but organizers say the buzz is about more than just a change of scenery. They also point to growing membership, growing engagement and a more diverse slate of exhibitors, along with signs of progress on key public policy initiatives to streamline new construction and improve housing affordability in New Jersey.

Residential & Mixed Use
Solaia in North Bergen hits 60 percent sold after six luxury condo sales in one week

Luxury condo tower Solaia is now more than 60 percent sold after a recent flurry of activity at the North Bergen property.

Residential & Mixed Use
Plainfield development site slated for 71 rental units trades for $2.6 million

A developer has acquired a site in Plainfield with approvals in place for more than 70 apartments, in a deal arranged by Berkadia’s Morristown office.

Government & Public Policy
NJ Transit: Ground lease with LCOR ‘sets the stage’ for Hoboken Connect groundbreaking

The long-awaited Hoboken Connect project took a key step forward on Tuesday with the approval of a ground lease between NJ Transit and LCOR, the developer for what’s slated to include new apartment and office towers and upgrades to the city’s historic transit terminal.

Residential & Mixed Use
Jersey City’s Bayfront project awarded $1.6 million federal grant

Jersey City has snagged a $1.6 million federal grant for the highly touted Bayfront project, where plans call for hundreds of homes for low- and moderate-income renters as part of a sweeping redevelopment of 100 acres along the Hackensack River.

Residential & Mixed Use
Woodmont, Canoe Brook start construction on 199-unit rental project in Randolph

Woodmont Properties and Canoe Brook Development have broken ground on a project that will bring 199 new luxury rental homes to the Morris County township of Randolph.

Residential & Mixed Use
New 51-unit rental building in Bound Brook fetches $15 million, in Veerman-brokered deal

A developer has sold a newly completed, 51-unit apartment building in Bound Brook for $15 million, in a deal arranged by Veerman Asset Management.

Health Care & Education
Hackensack Meridian breaks ground on new office, health center at mixed-use Metropark site

Construction is set to begin on nearly 250,000 square feet of new corporate and medical office space in Woodbridge, the future home of a Hackensack Meridian Health facility and the first piece of a distinctive mixed-use project at the Metropark train station.