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.

Retail
Mixed-use portfolio in Morris Plains trades for $2 million, JLL says

The longtime owner of two mixed-use buildings and a warehouse in Morris Plains has sold the portfolio for $2 million, in a newly announced deal by JLL.

Residential & Mixed Use
URW, Mill Creek reveal new details of plan to transform Westfield Garden State Plaza

The owner of Westfield Garden State Plaza in Paramus is offering a fresh look at its plan to reimagine the iconic mall, as it prepares for a late 2024 groundbreaking at the 30-acre site.

Residential & Mixed Use
Russo unveils final rental building in Union, completing more than 1,200 units at ex-Merck site

Russo Development has marked the opening of more than 300 new luxury apartments in Union Township, the final piece of a sweeping plan to transform a 42-acre former Merck & Co. campus adjacent to Kean University.

Residential & Mixed Use
Fantin unveils 297-unit luxury rental building in Journal Square

Developer Milton Fantin has debuted a collection of nearly 300 luxury apartments and amenities in Jersey City’s resurgent Journal Square section.

Professional Services
Langan’s Chun among five honorees for NAIOP’s 2023 Developing Leaders Award

NAIOP has recognized a senior project scientist with Langan Engineering & Environmental Services as a recipient of its 2023 Developing Leaders Award.

Top News
Parking at multifamily properties is overbuilt, Rutgers study finds, highlighting need for new state guidelines

Demand for parking at multifamily properties in New Jersey is well below what state guidelines require, according to a newly released study by the Rutgers Center for Real Estate, highlighting the potential to reduce construction costs, improve housing affordability and soften the environmental impact of new development by easing state mandates.

Government & Public Policy
City, state officials break ground on highly touted pedestrian bridge to link Newark’s downtown, Ironbound section

Construction is set to begin on a long-awaited pedestrian bridge that will connect downtown Newark to the city’s acclaimed Ironbound neighborhood, helping to spark new development and create additional access to both Newark Penn Station and the Prudential Center.

Residential & Mixed Use
Cervelli brokers sale of 17-unit Passaic apartment building

A private investor has purchased a 17-unit apartment building in Passaic, in an off-market deal by Cervelli Real Estate & Property Management.

Residential & Mixed Use
Prime City breaks ground on two affordable housing projects in Orange

Development firm Prime City has started construction on two projects in Orange that will bring a combined 13 units of affordable housing to the municipality.

Government & Public Policy
Murphy picks DCA’s Suárez, head of local government services, as agency’s next chief

Gov. Phil Murphy has announced his choice to lead the state Department of Community Affairs after the death of Lt. Gov. Sheila Oliver, who had led the agency since taking office in 2018.