Current Issue
All inclusive: How Fidelco is using shared amenities, diverse tenant mix to revive Newark office tower
Fidelco Realty Group is bringing new life to an iconic Newark office building, thanks in part to its pursuit of a diverse tenant mix, recognizing a burgeoning demand for smaller, flexible spaces and coworking environments and welcoming an eclectic group of businesses and nonprofits.
Small town, big plans: New development helping to spark revival of downtown Dunellen, as borough eyes additional projects after years of planning
Major redevelopment projects are taking shape in downtown Dunellen after more than two decades of planning by local officials, who are eager to keep the momentum going with a balanced but proactive approach that has brought new attention to the borough.
A new approach to housing policy where everyone wins
As New Jersey’s gubernatorial race heats up, housing remains a critical issue. Everyone agrees that we need more market-rate and affordable housing to meet demand, and there is also a consensus that housing prices in New Jersey are too high. But what can the government do differently to address these issues? Policymakers and our next governor need to acknowledge that current government policies are exacerbating these problems, not solving them.
Busy times ahead
As you’ll read in this month’s cover story, the 1.1-square-mile community is benefiting from a flurry of activity in recent years, including the completion of three projects with a combined 450 housing units and new retail space as part of a coordinated plan to revitalize its downtown. That effort is more than two decades in the making, meaning officials there are eager to continue that momentum with the balanced but collaborative strategy that has attracted new investment and outside recognition.
Optimism for CRE in the new year
Overhauling the Energy Master Plan is an opportunity for impacted stakeholders, like you, to help improve what is currently an unrealistic policy document that has done little to accelerate achieving its lofty goals. Perhaps most striking about the current EMP is it lacks an unbiased estimate of what it’ll cost ratepayers, including commercial real estate owners and tenants. Gov. Phil Murphy acknowledged this glaring omission when he announced the 2024 EMP will “seek to better capture economic costs and benefits, as well as ratepayer impacts.”
