Government & Public Policy
EDA approves $104 million Aspire award for Nokia Bell Labs tower in New Brunswick

The developers of what will be nearly 370,000 square feet of lab and office space in New Brunswick, the future home of Nokia Bell Labs, could break ground next month after securing a 10-year, $103.9 million tax credit award under the state’s Aspire program.

Government & Public Policy
EDA approves $64 million Aspire award for 210-unit Bayfront project in Jersey City

The first piece of the highly touted Bayfront housing project in Jersey City is moving ahead with the help of a newly approved, $64 million tax credit award under the state’s Aspire program.

Government & Public Policy
CRE leaders hopeful after Murphy signs law to boost viability, eligibility of Aspire projects

Gov. Phil Murphy has signed a law to expand the Aspire tax credit program for developers, in part by allowing projects in New Brunswick, Camden and East Orange to secure larger awards, while taking steps meant to help applicants secure construction financing.

Government & Public Policy
Netflix one step closer to 1.2 million sq. ft. Fort Monmouth hub with $387 million Aspire award

Netflix has taken a major step in its plan to build a 1.1 million-square-foot studio campus at Fort Monmouth, having secured a $387 million tax credit award under New Jersey’s Aspire program.

Government & Public Policy
EDA approves $11.5 million Aspire award for Somers Point affordable housing project

A developer is planning a 43-unit affordable housing project in Atlantic County with the help of a newly approved, $11.5 million tax credit under the state’s Aspire program.

Government & Public Policy
EDA approves $74 million tax credit, boosting award for planned 207-unit Newark high-rise

A project that would bring more than 200 new apartments to downtown Newark is moving ahead with expanded support from the state, securing approvals for up to $74 million in Aspire tax credits from the Economic Development Authority.

Government & Public Policy
Berger secures $90 million EDA tax credit award for planned 396-unit high-rise in Newark

The state has pledged its support for two more residential projects in Newark, approving more than $142 million in combined subsidies under the Aspire tax credit program.

Health Care & Education
Hackensack Meridian breaks ground on new office, health center at mixed-use Metropark site

Construction is set to begin on nearly 250,000 square feet of new corporate and medical office space in Woodbridge, the future home of a Hackensack Meridian Health facility and the first piece of a distinctive mixed-use project at the Metropark train station.

Residential & Mixed Use
Boraie lands $90 million Aspire tax credit pledge for 333-unit Newark residential project

Boraie Development has secured a 10-year, $90 million tax credit award to build a 25-story, 333-unit luxury apartment tower along the Passaic River in downtown Newark.

Government & Public Policy
EDA approves $114 million tax credit for major HMH health care hub, apartments at Metropark

The state has pledged nearly $114 million in tax credits over 10 years to a project that would transform the Metropark train station in Woodbridge, where plans call for 235 apartments and nearly 250,000 square feet of office and medical space for Hackensack Meridian Health.