Page 40 - RE-NJ

Professional Spotlight
CONNELL FOLEY LLC
OUR EXPERTISE
♦ Land use, permitting and
approvals; development;
redevelopment; acquisitions
and sales; leasing; financing;
condemnation/eminent domain;
environmental; investment
funds; workouts, restructurings
and foreclosures; tax appeals
and tax matters
OUR CLIENTS
With nearly 40 attorneys practicing in
our Real Estate and Land Use Group,
Connell Foley has the depth and ex-
perience to represent the full range
of businesses and individuals with
commercial real estate interests in New
Jersey. From major national developers
to financial institutions, private invest-
ment funds, public entities and business
owners, our clients are sophisticated
real estate investors who possess stakes
in a wide variety of property types. We
devise tailored plans, navigate regula-
tory hurdles and facilitate the success-
ful completion of our clients’ projects,
which include some of the most excit-
ing and unique development opportu-
nities in today’s real estate world.
PROJECT SPOTLIGHT
Our office represents Bayfront Devel-
opment Partners LLC (a joint venture of
Pennrose Holdings LLC and Omni Bay-
George L. Garcia
Co-Chair, Real Estate and Land Use
W. Nevins McCann
Co-Chair, Real Estate and Land Use
front Jersey City LLC) which acts as the
redeveloper for a portion of the Phase
1 Development Area identified as por-
tions of Block 21901.01, Lots 4 and 6
on the official tax maps of Jersey City.
It is also known as Development Lot
26 and Development Lot 32 located
within the boundaries of the Bayfront
Redevelopment Plan Area. We have
provided legal services in connection
with its long-term tax exemption finan-
cial agreement with the City of Jersey
City. Additionally, the firm has advised
on various other transactional and
regulatory matters, including but not
limited to urban enterprise certification
qualification and procurement from the
State of New Jersey.
This redevelopment project is located
on the west side of Jersey City and is
bounded by Route 440 to the west,
the Hackensack River to the east and
Kellogg Street to the south, with the
northly portion of the area containing
the Culver Avenue interchange with
Route 440. The development will be
the first phase of the redevelopment
of the neighborhood that consists of
vacant and fallow land of approximate-
ly 95 acres with approximately 70 acres
of development parcels and 25 acres of
public and/or open space.
This project features a six-story mixed-
use building that will house 210 apart-
ments — 74 designated as affordable
units — along with 52 parking spaces,
143 bicycle parking spaces and com-
mercial areas. Additional infrastructure
upgrades are planned throughout the
redevelopment zone. Groundbreaking
occurred in 2025, and full construction
is expected to begin in the second
quarter of 2026.
ON THE HORIZON
Connell Foley’s award-winning team
has unrivaled experience in land use
and development, redevelopment,
leasing, financing, workouts and
restructuring, tax abatements and
condemnation/eminent domain.
With a long history of advising on
New Jersey’s most significant and
high-profile real estate projects,
we have been involved in major
ventures valued at over $1 billion
each, including the development
of several noteworthy multiphase
projects, a multibillion-dollar
statewide energy infrastructure
upgrade and many other
sophisticated endeavors. Our ability
to identify opportunities, tackle
challenges and close complex
deals distinguishes us from the
competition, and we’re confident
that we’ll continue to lead the way
in the Garden State’s development
for years to come.
56 Livingston Avenue
Roseland, NJ 07068