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
State officials, NJPAC tout ‘exciting next phase’ after mixed-use project lands Aspire award

A new chapter is set to begin for the New Jersey Performing Arts Center in Newark, where a long-awaited, mixed-use development is expected to transform the existing venue and have an exponential impact on its role as a catalyst in the city.

Residential & Mixed Use
First residents arrive at Russo’s 296-unit Vermella Broad Street project in Newark

Russo Development has welcomed its first 50 residents to a new 296-unit luxury apartment property just north of NJ Transit’s busy Broad Street station in Newark.

Residential & Mixed Use
JLL: Ridgefield Park site approved for 552-unit rental project on the market for sale

The owner of a Bergen County development site with approvals for more than 550 apartments is seeking a buyer for the property, in a newly announced offering by JLL.

Government & Public Policy
Assembly passes bill to disband COAH, recast blueprint for affordable housing obligations

The state Assembly has passed a bill that would revamp how New Jersey calculates each town’s affordable housing obligations, seeking to streamline a process that had languished in recent decades before being taken over by the state judiciary.

Government & Public Policy
EDA approves $25 million in grants for Newark, Atlantic City commercial corridors

State officials are sending more than $25 million in grant funds to support 13 businesses and commercial projects in the downtowns of Newark and Atlantic City.

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.