State officials have given a major boost to another development in Newark, approving a nearly $22 million tax credit award for a new ground-up health care project in the South Ward.
The state is seeking a buyer for a 10-story, 230,000-square-foot office building in downtown Trenton that it says can support a range of uses and is eligible for key incentive programs.
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.
State officials have unveiled a new plan to help NJ Transit monetize its real estate holdings, announcing a proposal in which it would sell properties to a fellow agency that it says is better equipped to market them for development.
The state has approved a 10-year, $400 million tax credit award in connection with plans to build a 1.5 million-square-foot film and television studio complex on the Bayonne waterfront.
An investment group has closed on its purchase of a 100-unit, age-restricted apartment tower in Newark with plans to begin a $20 million overhaul of the affordable housing property.
A global venture capital firm has opened the doors to a new 35,000-square-foot facility in Newark that serves as a hub for developing tech startups across a host of industries.
The state Economic Development Authority is headed to Atlantic City this week to host an in-person information session for its new $20 million Emerging Developers Fund.
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.
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.
