If you thought the luxury building boom along New Jersey’s Hudson waterfront was on the verge of slowing down, think again
A major piece of Rutgers University’s sweeping redevelopment effort in New Brunswick has opened its doors — as evidenced by the 465 students who moved in this past weekend.
Built by New Brunswick Development Corp., or Devco, The Yard @ College Avenue includes 160 apartments for undergraduates and some 15,000 square feet of retail space. At the center of the 14-story, U-shaped apartment building is a 25,000-square-foot public green space and a 320-square-foot outdoor LED monitor.
The roughly $90 million project, which sits at the corner of College Avenue and Hamilton Street, is one component of historic makeover at Rutgers’ College Avenue campus. The effort represents more than $300 million in total investment and has been touted as a way to put New Brunswick on par with other major college towns across the country.
The opening of The Yard follows last year’s completion of a 550-bed honors college along George Street and a newly built facility for the New Brunswick Theological Seminary, which was relocated in order to make way for the Rutgers project. Next week, Devco and Rutgers are slated to open the university’s first academic building on the campus in decades.
Construction could resume at the stalled American Dream Meadowlands site in the coming weeks, now that efforts to finance the massive project appear to be back on track.
The development team that is restoring the former Hahne & Co. building in Newark has hired JLL to market the remaining office space in the soon-to-be-transformed landmark.
Keystone Property Group has retained Cushman & Wakefield to oversee leasing at a newly renovated office park in Piscataway, the real estate services firm announced.
A proposed ShopRite in Wyckoff that has faced a lengthy court battle could open by late next year, following a state appeals court ruling that paves the way for its operator to move forward.
Hollister Construction Services has completed its work on a new 25,000-square-foot headquarters space for a financial technology firm in Parsippany, the company said.
By Joshua Burd The New Jersey/New York Metro Area has topped a new ranking of distribution markets by JLL, with researchers from the firm citing it as an “immensely important driver of industrial space.” The ranking by the real estate…