Retail

The New Jersey retail landscape has changed, but the spending power of its residents hasn’t. Owners of malls, shopping centers and mixed-use projects will continue to adapt and invest in the state.

Editor’s Note
Changing times

As you’ll read in this month’s cover story, redevelopment is coming to some of New Jersey’s largest malls — from the mecca of Paramus to Burlington County — as owners and local officials mull the future of their cherished shopping centers. Increasingly, those plans call for bringing new apartments, health care facilities and vibrant public spaces meant to create new foot traffic. Many of these projects are now moving forward in the Garden State, with more to follow, despite pockets of opposition and the challenge of repurposing a sprawling property with longstanding anchor tenants.

Retail
Larken inks 1,700 sq. ft. lease to bring yoga, fitness studio to mixed-use Hillsborough site

A yoga and fitness studio is coming to Larken Associates’ new mixed-use Hillsborough Village Center property along Route 206 in the township, the developer announced Tuesday.

Hospitality & Tourism
Weiss unveils plan for Cipriani-inspired venue at historic bank building in New Brunswick

A historic bank building in downtown New Brunswick could soon be reborn as a high-end dining and events venue in the mold of Cipriani’s iconic locations in New York City.

Retail
Operator buys Route 17 restaurant site in Ramsey, Goldstein Group says

A restaurant group has purchased a nearly 15,000-square-foot property on Route 17 in Ramsey, in a newly announced deal by The Goldstein Group.

Events
VIDEO: The Newark Redevelopment Update

Watch the full presentation from our June 7 seminar, where the developers and insiders behind Newark’s most important commercial real estate projects debated the long-held opportunities and challenges in New Jersey’s largest city.

Retail
Bergenfield shopping center leased up after three newest deals, RIPCO says

Three new tenants have leased space at a Bergenfield shopping center to bring the nearly 72,000-square-foot property to full occupancy, brokers with RIPCO Real Estate announced.

Retail
LMC: Habit Burger leases 3,100 sq. ft. for new pad location at Hamilton retail center

A new Habit Burger Grill is coming to Hamilton Plaza, a nearly 176,000-square-foot shopping center at a busy intersection in Hamilton.

Retail
JLL: Five retailers take 11,000 sq. ft. in Westfield, as remote workers boost foot traffic

A stretch of downtown Westfield is seeing a spike in retail leasing amid increased traffic from remote workers in the bedroom community, according to brokers with JLL.

Government & Public Policy
RPM lands $29 million Aspire tax credit for redevelopment of historic Trenton property

A plan to bring 120 new apartments to a historic property in Trenton is moving ahead with the help of more than $29 million in tax credits under the state’s Aspire program.

Retail
Event business leases 2,600 sq. ft. at Woodbridge strip center, Azarian says

An event company has taken more than 2,600 square feet at a Woodbridge shopping center, in a newly announced deal by Azarian Realty Co.