Russo Development has completed a new 209-unit luxury apartment building at the foot of the Orange train station, marking the first of two phases in the city’s burgeoning downtown.
Dermody Properties has acquired two development parcels in Burlington County with plans to build new high-end distribution centers totaling nearly 620,000 square feet.
The Main Street Business Alliance in Hackensack is teaming with downtown property owners to provide spaces for pop-up stores that could ultimately become permanent tenants.
A real estate firm focused on large retail properties has acquired Bridgewater Commons, with plans to create a vibrant, mixed-use destination around the 1.2 million-square-foot mall.
Development firm JCMLiving has broken ground on a 295-unit apartment property in Wood-Ridge, in the final residential phase of the borough’s high-profile Wesmont Station project.
The state has lent its support to three projects that will create or renovate a combined 728 apartments in Newark, Camden and Morristown — most of them for lower-income renters — after awarding nearly $121 million in tax credits under a new gap financing program.
A development team has completed 56 units of affordable housing in Irvington, where it has brought life to a long-vacant parcel in one of the township’s main thoroughfares.
The state Economic Development Authority has launched a funding program to help reposition properties such as vacant or underused office parks, malls or health care facilities, in another move aimed at rescuing many of New Jersey’s so-called stranded assets.
