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
Walters’ Cornerstone at Branchburg achieves lease-up

Development firm Walters has leased up its new 150-unit age- and income-restricted multifamily property along a key throughfare in Somerset County.

Events
New Jersey Future, APA-NJ: Deadline near for planning and redevelopment forum topic proposals

With the annual New Jersey Planning and Redevelopment Conference less than four months away, organizers are seeking session proposals for the multiday program.

Residential & Mixed Use
Hampshire unveils 70-unit rental building, as Allendale redevelopment plan comes to fruition

The Hampshire Cos. has completed a new 70-unit luxury apartment building in Allendale, marking the latest piece of a plan to revive a once-dormant industrial site.

Finance & Capital Markets
JLL: Developer lands $49 million in debt, equity for 150-unit rental project in Elmwood Park

The firm behind a 150-unit, two-building multifamily development in Elmwood Park has secured $49 million in construction financing and equity for the project, brokers with JLL announced Thursday.

Residential & Mixed Use
Buyer wanted for Hoboken development site approved for 60 luxury rentals, CBRE says

A development site in Hoboken is on the market for sale with approvals in place for a seven-story, 60-unit luxury apartment building with street-level retail space.

Residential & Mixed Use
Larken near full occupancy across 2,500-unit multifamily portfolio after strong 2023

Larken Associates is eyeing continued growth for its residential platform after a strong year of leasing activity across its existing portfolio of some 2,500 apartments.

Residential & Mixed Use
EDA pledges $200 million Aspire tax credit for mixed-use ‘NJPAC District’ project in Newark

A sweeping plan to expand the New Jersey Performing Arts Center campus in Newark has secured a 10-year, $200 million tax credit award under the state’s Aspire program, in a key step for a project that would include 350 apartments and new commercial and community spaces.

Events
ULI Northern New Jersey unveils honorees for April awards gala

The Urban Land Institute’s Northern New Jersey chapter has announced the winners of its 2024 Excellence Awards, highlighting a host of projects and professionals involved in land use and development in the state.

Government & Public Policy
NJAA’s Trani promoted to manager of education

The New Jersey Apartment Association has promoted Alexa Trani to manager of education, with a focus on expanding the organization’s professional development platform.

Finance & Capital Markets
Northwind closes $70 million construction loan to 209-unit Journal Square rental project

A developer has landed a $70 million construction loan to complete a new 209-unit apartment tower in Jersey City’s resurgent Journal Square section.