By Joshua Burd
Mill Creek Residential has opened a new regional office in Jersey City, where it plans to support its continued growth in New Jersey and New York.
The multifamily investor and developer recently debuted the new space, which is located at 1 Evertrust Plaza in downtown Jersey City. The office and its team will serve the company’s pipeline in northern New Jersey, Westchester County and Long Island, which it has grown over the last several years.
In New Jersey alone, Mill Creek since 2015 has completed projects in Morristown, Jersey City and Parsippany.
“The addition of an office in Jersey City is a critical centralized location for Mill Creek, allowing us to better manage our existing and future portfolio” said Russell Tepper, senior managing director at Mill Creek Residential. “Jersey City is a particularly strategic location for us, providing closer access to New York City, Long Island, and Westchester County, while still maintaining proximity to our communities and development sites on the Gold Coast and in suburban, northern New Jersey.”
Mill Creek, which spun off of Trammell Crow Residential in 2010, said it still maintains an office in Bedminster. The new Jersey City location will serve as a supplemental base of operations to manage its regional pipeline, while allowing it to attract new talent.
“As the number of our communities continues to grow, and we expand into new municipalities throughout the region, it is important for us to grow our office footprint as well,” Tepper said. “With communities in Nassau and Westchester Counties, it made sense for us to identify office space further north and east, situating us closer to those properties and other potential development sites.”