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.

Residential & Mixed Use
EDA pledges $200 million Aspire tax credit for mixed-use ‘NJPAC District’ project in Newark

A sweeping plan to expand the New Jersey Performing Arts Center campus in Newark has secured a 10-year, $200 million tax credit award under the state’s Aspire program, in a key step for a project that would include 350 apartments and new commercial and community spaces.

Deals
Investor acquires 321-unit affordable housing tower in Camden, eyes $104 million rehab plan

Hudson Valley Property Group is planning a major preservation and rehabilitation of Northgate Apartments at 433 North 7th St. in Camden, with plans calling for site infrastructure upgrades, mechanical system replacements and many in-unit bathroom, kitchen and apartment safety improvements.…

Government & Public Policy
Plan for ‘Hoboken Connect’ apartment tower advances with $90 million EDA tax credit

A key piece of a sweeping redevelopment in Hoboken is moving ahead with the support of a 10-year, $90 million tax credit award that was approved last month by state officials.

Government & Public Policy
EDA approves $400 million Aspire tax credit for residential, commercial phases in Sayreville’s Riverton project

The state has approved a 10-year, $400 million tax credit award that will support key phases of Riverton, the massive project that could bring 6.5 million square feet of development to a once-contaminated, long-dormant waterfront property in Sayreville.

Government & Public Policy
EDA to consider $400 million tax credit award for 6.5 million sq. ft. Riverton project in Sayreville

State officials are set to consider a 10-year, $400 million tax credit award that would help advance the massive but long-delayed redevelopment of the former National Lead property in Sayreville, where plans call for 6.5 million square feet of development across a mix of uses.

Office
C&W: Greenbaum renewal leads flurry of leasing at Opal Holdings’ Metropark portfolio

Greenbaum Rowe Smith & Davis LLP has signed a 40,000-square-foot lease renewal for its office in Woodbridge, in one of several newly announced deals by Cushman & Wakefield.

Government & Public Policy
EDA adopts changes to Aspire tax credit program amid higher development costs, increased need for affordable housing

The state has approved several key changes to Aspire, the tax credit program for developers, as it looks to expand eligibility and ensure its continued role in affordable housing production.

Government & Public Policy
Developer lands $90 million Aspire tax credit award for 350-unit Newark rental project

A developer has secured a $90 million tax credit award for its plan to build a 14-story, 350-unit apartment building just south of Newark’s Broad Street station.

Government & Public Policy
EDA approves $34 million in Aspire tax credits for Newark, Union City senior housing projects

Developers are poised to bring new affordable senior housing to Newark and Union City with the help of a combined $33.9 million in tax credits approved under the state’s Aspire program.