Making a market: Developers, city officials look ahead as renters arrive in downtown Newark

A new stock of luxury, market-rate apartments is beginning to take shape in downtown Newark, where stakeholders hope to attract the type of rental population that can create a 24-hour, seven-day neighborhood that has long eluded the central business district.

Developers say they’re encouraged by the early returns, but are preparing for the market to be tested by larger-scale projects and an influx of additional units. City officials are also preparing for what could be a dramatic uptick in interest from builders — which they will have to balance with public policy goals such as expanding affordable housing for Newark residents.

Gilbane moves New Jersey office to downtown Newark

Gilbane Building Co. is moving its New Jersey office to downtown Newark, in a nod to the construction firm’s growing ties to the city as well as its recent expansion in the state.

Report: New 250-unit rental project rising in Atlantic City

A project that will bring 250 new apartments to Atlantic City is on pace to open next summer, in what will be the city’s first market-rate development in at least 25 years.