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
Developers welcome first renters to 39-unit property in Jersey City

The first renters have arrived at a new 39-unit apartment building in Jersey City’s Bergen-Lafayette neighborhood, following the launch of leasing earlier this year.

Residential & Mixed Use
Procida taps McCann Team as agents for Plaza Grande in Cherry Hill

Procida Funding & Advisors has selected the McCann Team of Keller Williams as its agents for a collection of new age-restricted homes at the Plaza Grande development in Cherry Hill.

Events
Jersey City Summit set for May 29 with high-profile speaker list still growing

Plans for this year’s Jersey City Summit are quickly taking shape, with featured guests set to include Gov. Phil Murphy, Mayor Steve Fulop and legendary developer Joe Panepinto Sr. alongside dozens of other owners, investors and key players in the city’s renaissance.

Government & Public Policy
Murphy signs landmark affordable housing bill, creating new framework for development

Gov. Phil Murphy has signed a landmark bill to revamp how New Jersey calculates and enforces each town’s obligations for affordable housing, setting a path for a new phase of residential development across the state under the Mount Laurel doctrine.

Residential & Mixed Use
SLIDESHOW: Atlantic Builders Convention kicks off in Atlantic City

The region’s homebuilding industry took center stage this week as the Atlantic Builders Convention kicked off with its largest crowd and largest slate of exhibitors in years, drawing thousands to the Hard Rock Hotel & Casino Atlantic City for the multiday event.

Residential & Mixed Use
Hudson Capital Properties sells 288-unit North Bergen rental community, CBRE says

Hudson Capital Properties has sold a six-building, 288-unit apartment property in North Bergen, in a newly announced deal by CBRE.

Residential & Mixed Use
BNE launches leasing at 400 rentals in West Orange, bringing new life to ex-office property

BNE Real Estate Group has taken the wraps off more than 400 luxury apartments as part of a sprawling redevelopment project in West Orange.

Residential & Mixed Use
HVPG details newly completed, $71 million rehab of Jersey City senior housing property

Hudson Valley Property Group has completed a $71 million acquisition, preservation and renovation project at a 283-unit senior housing tower in Jersey City’s Journal Square neighborhood.

Government & Public Policy
Bill to create new affordable housing framework clears state Senate, heads to Murphy’s desk

The next chapter of affordable housing in New Jersey is now in Gov. Phil Murphy’s hands, following the state Senate’s passage of a bill to revamp how officials calculate and enforce each town’s obligations under the landmark Mount Laurel doctrine.

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.