The owner of a 297-unit luxury apartment building in Jersey City has secured two retail tenants at the property, inking new leases with a high-end convenience store and a wine shop.
A closer look
I’d venture to say that green design is still underappreciated as a practice and as an industry within the broader commercial real estate sector. I’ll even take some ownership of that, as someone who is meant to highlight where the market is and where it’s going in the great state of New Jersey, including the increasingly important topic of sustainability. That’s our focus in this month’s cover story, where we explore some of the more cutting-edge, eco-conscious features that multifamily builders are weaving into their projects. That includes everything from rainwater recycling to on-site composting systems that produce fertilizer for landscaping, as we find in a new luxury rental property in Jersey City. Halpern Real Estate Ventures, the developer of what’s known as Birch House, says those choices stem from the firm’s own corporate philosophy and a desire to meet the market where it’s going, even if those features are not quite widespread in New Jersey (not yet, anyway).
