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
Developer buys site of 70-unit Bayonne rental project mid-construction, CBRE says

A private developer has purchased the site of a 70-unit multifamily project that is now under construction in Bayonne, in a newly announced deal by CBRE.

Government & Public Policy
EDA approves $400 million Aspire tax credit for residential, commercial phases in Sayreville’s Riverton project

The state has approved a 10-year, $400 million tax credit award that will support key phases of Riverton, the massive project that could bring 6.5 million square feet of development to a once-contaminated, long-dormant waterfront property in Sayreville.

Residential & Mixed Use
Alpert Group breaks ground on 65-unit affordable senior housing project in West Orange

Construction is underway on a new 65-unit age- and income-restricted housing property in West Orange’s central business district.

Community
Citizens Bank grants $10,000 to CIS nonprofit arm for financial literacy program for women

The nonprofit partner of Community Investment Strategies Inc. has secured a $10,000 grant from Citizens Bank to provide financial literacy education to women in the company’s portfolio.

Government & Public Policy
EDA to consider $400 million tax credit award for 6.5 million sq. ft. Riverton project in Sayreville

State officials are set to consider a 10-year, $400 million tax credit award that would help advance the massive but long-delayed redevelopment of the former National Lead property in Sayreville, where plans call for 6.5 million square feet of development across a mix of uses.

Residential & Mixed Use
Investors, city officials break ground on 477-unit West Side Square project in Jersey City

A development team has broken ground on a long-awaited project in Jersey City, where it’s slated to build nearly 500 new apartments and retail space that will help link the burgeoning Journal Square and West Side neighborhoods.

Residential & Mixed Use
Winn, ART-JIUS Enterprises acquire Paterson housing property, launch $7.5 million rehab

A joint venture has kicked off its renovation of a newly acquired, 68-unit affordable housing property in Paterson that it says will result in updated homes for a host of community members.

Residential & Mixed Use
Woodmont hits 75 percent leased milestone at 120-unit Warren County rental property

Woodmont Properties has leased 75 percent of its new 120-unit luxury apartment complex in the Warren County township of Independence, the developer announced Wednesday.

Residential & Mixed Use
Procida, Titan Engineers mark debut of adaptive reuse project in downtown Union

A developer has opened the doors to a mixed-use project in Union Township that has brought new apartments, offices and retail space to the site of a historic bank building downtown.

Community
Larken Associates’ Jillian Dorell named to SCBP’s 40 under 40 list

The Somerset County Business Partnership has recognized Jillian Dorell, director of design with Larken Associates, as a member of its 40 under 40 list for 2023.