Features
Already a destination, Garden State Park prepares to add sports betting to retail and restaurant mix
A joint venture is starting on the final piece of more than 1 million square feet of retail and dining space in Cherry Hill, where it has created a destination over more than a decade of development.
The site is now primed to draw even larger crowds later this year with the completion of a new sports book, bar and restaurant, thanks to the recent legalization of sports betting in New Jersey.
Investment firm has keyed on transit-centric, workforce housing in northern New Jersey
A real estate investment and management firm has quietly built a portfolio of transit-centric, workforce housing properties in northern New Jersey — with local holdings that have grown to some 40 properties with more than 2,000 apartments — and it sees a continued opportunity for expansion in the state and in the region.
Massive project by Ironstate, Panepinto has anchored a revival in Jersey City neighborhood
Over the past 15 years, Panepinto Properties and Ironstate Development have transformed an entire block in the heart of downtown Jersey City, delivering three towers with nearly 1,500 apartments, along with a 152-key hotel, a 1,000-space parking garage and street-level retail space along Columbus Drive. In the process, they have anchored the resurgence of a neighborhood just a few blocks from the Hudson River, paving the way for other projects in the booming multifamily submarket.
Langan combining in-place remediation, engineering services to aid redevelopment
Amid the growth of more cost-effective, less disruptive forms of environmental cleanup, Langan Engineering and Environmental Services has packaged those technologies with its vast geotechnical and civil engineering platform, providing a creative, full-service option for clients seeking to redevelop contaminated sites.
Developers, state officials face dual task with Opportunity Zone projects
Amid the rollout of the new federal Opportunity Zone program, developers and public officials are trying to balance two key objectives: Identifying shovel-ready projects — allowing investors to maximize the tax benefits of the law — and steering capital to low-income areas that weren’t already attracting investment and may have higher barriers to entry. The state believes it can check both boxes with the right coordination and by layering in the subsidies that have helped revitalize many of New Jersey’s cities and downtowns.
