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
JLL: Inspired completes $15 million land deal for 155-unit condo project in Asbury Park

Inspired by Somerset Development has closed on its purchase of a parcel in Asbury Park where it plans to build 155 high-end condominiums and retail space, brokers with JLL announced.

Professional Services
PS&S adds veteran executives in architecture, MEPF engineering amid expansion plans

PS&S has added two key executives as it continues a major expansion of its architecture, engineering, design, surveying and environmental team.

Residential & Mixed Use
Reynolds eyes 2024 groundbreaking after landing approvals for Princeton Pike redevelopment

Reynolds Asset Management has secured local approvals to redevelop a large piece of a Mercer County office park, where it aims to build more than 200 apartments and retail space.

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.