Government & Public Policy
Finding a balance: For Reynolds, right-sizing office space has been key to Lawrence Township redevelopment plan
The planned redevelopment of Princeton Pike Office Park in Lawrence Township will feature the mixed-use elements that are increasingly popular in New Jersey. But, departing from the trend, it will keep half its office space.
Three buildings at 3131 Princeton Pike, now known as CANVAS, will be demolished starting this fall or in early 2025, making way for 204 apartments and 17,000 square feet of restaurant and retail space. That will reduce the office space at the park by nearly 40 percent, to about 167,000 square feet, leaving three buildings that are now thriving and nearly fully leased after a recent makeover.
Wick breaks ground on 60,000 sq. ft. retail center at historic Woodbridge intersection
Wick Cos. LLC has broken ground on more than 60,000 square feet of new retail space in Woodbridge that will revitalize a long-vacant property at the junction of routes 1 and 35.
The right mix
It may well be decades before New Jersey’s suburban office market is no longer overbuilt. That is, of course, assuming that property owners and local officials find the type of common ground needed for redevelopment, as we try to highlight when we come across those stories. We have one such example in our latest issue.
McManimon Scotland adds Shahid, Stern to deepen commercial real estate, bankruptcy teams
Falak Shahid has joined McManimon Scotland & Baumann LLC as an associate with its commercial real estate practice, one of two new additions to the Roseland-based firm.
Dunellen planning board OKs 50-unit rental project downtown, Taylor Architecture says
A developer has secured a key approval for a project that would bring 50 new apartments and commercial space to Dunellen’s growing downtown.
