JLL worked on behalf of the borrower to arrange $155 million in construction financing for Charlie, a 386-unit multifamily development in Hoboken, New Jersey. The 27-story, luxury mixed-use residential tower is currently under construction and scheduled for completion in 2026. The development includes 386 units with an average size of 698 square feet, offering studios and junior one-, one-, two- and three-bedroom options. Units feature SmartRent controls for HVAC, along with top-tier amenities like a concierge service, fitness center and large rooftop deck with a pool. This project is also part of a public/private initiative to improve the Hoboken train station area and will receive New Jersey Aspire tax credits.
Professional Spotlight
Amboy Bank
Amboy’s commercial real estate lending team has a unique position, as a privately owned, community bank, by having the ability and flexibility to provide quick decisions, offer construction financing as well as permanent loans with flexible terms, all while assisting clients throughout the entire process utilizing the specialized expertise and support that has become synonymous with Amboy.
Manasquan Bank
At Manasquan Bank, we proudly serve a diverse client base across New Jersey. Our borrowers range from first-time homebuyers and seasoned real estate investors to commercial developers and small business owners. We offer personalized guidance to individuals seeking to purchase or refinance their homes, and we provide customized financing solutions for commercial clients pursuing development projects or expanding their portfolios. Our team is deeply rooted in the communities we serve, which allows us to deliver local insights with a relationship-based approach.
Dynamic Engineering Consultants PC
For over 20 years, Dynamic has stayed true to the cornerstone of our culture. Dynamic’s culture starts from inside of the organization. We have maintained a consistent focus on the well-being and success of our personnel along with an emphasis on healthy culture and organic growth. Eleven (11) of our current principals started as interns/entry level and 90 current full-time employees started as interns. Our professionals and staff are the foundation for maintaining Dynamic’s client-first customer service-based approach to all projects.
Menlo Engineering Associates
Menlo Engineering’s (MEA) client base spans a broad spectrum — from large industrial developers to individual residential property owners. We proudly offer our design services to both the private and public sectors. Our portfolio encompasses mixed-use developments, large-scale and individual retail commercial projects, industrial properties, multi- and single-family developments, religious facilities, schools, municipal road improvement projects and recreational development.
KEA Engineering
For new or potential clients, it only takes one project to get to know KEA Engineers. Our longevity and experience could speak for itself, but architects, developers and building owners choose KEA for more than that. Our team makes it their mission to be available when and where they are needed. Combine that degree of responsiveness with our commitment to excellence in engineering, while paying attention to the economy and practicality of our designs — these are the reasons why our clients choose us over competition.
Najarian Associates
Najarian Associates is the ideal engineering and environmental consulting partner for your development team based on an understanding that every project is unique and proper planning is the foundation for achievement. We design a multidimensional strategy, consisting of a reasonable cost proposal and timeline, by assessing all necessary permits and other deliverables, also by anticipating potential obstacles. The result of proper planning is an ability to execute that strategy efficiently, keeping your project moving forward while avoiding unnecessary delays.
T&M Associates
With a proven track record of success in our nearly 60 years of business, T&M’s client base consists of land use and environmental attorneys, brokers, landowners, private development companies, real estate investment trusts (REITs), energy and utility companies, financial institutions, health care/pharmaceutical companies, educational/institutional and government agencies.
Whitman
Whitman is a full-service environmental and engineering consulting firm with 40 years of professional experience, offering additional expertise in solar energy design, waste management and environmental, health and safety (EH&S) compliance services. Our team of professionals can readily handle projects with multidisciplinary demands. Since we work extensively in all areas, the need for our clients to seek out multiple service providers is avoided. We focus on providing the highest level of customer service and ensuring our solutions are environmentally sound and safe and minimize liability. Our returning clients choose us for our personalized service, responsiveness and our technical expertise to address complex challenges in an ever-changing industry.
Murphy Schiller & Wilkes LLP
MSW was founded to provide effective, efficient and creative legal and advisory services to meet the distinctive needs of our clients. As a law firm focused solely on commercial real estate matters, our clients rely on the firm’s multidisciplinary approach in solving complex legal issues. Our attorneys have broad private- and public-sector experience, coming from top national law firms and high-level governmental positions. Through the development of individualized, client-focused strategies, our team works tirelessly to create a blueprint for success and advance our clients’ interests in every matter.
