A program that could spur the construction of new supermarkets in New Jersey is taking shape after key steps by the state Economic Development Authority.
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.
A plan to bring 120 new apartments to a historic property in Trenton is moving ahead with the help of more than $29 million in tax credits under the state’s Aspire program.
The state Economic Development Authority has launched a grant program aimed at sparking new development and art projects in cities that are served by mass transit but saw a drop in commuter foot traffic during the COVID-19 pandemic.
The state has lent its support to three projects that will create or renovate a combined 728 apartments in Newark, Camden and Morristown — most of them for lower-income renters — after awarding nearly $121 million in tax credits under a new gap financing program.
The state Economic Development Authority has launched a funding program to help reposition properties such as vacant or underused office parks, malls or health care facilities, in another move aimed at rescuing many of New Jersey’s so-called stranded assets.
A biotechnology firm is moving from Brooklyn to Jersey City after being awarded a seven-year, $3.5 million tax credit under the Economic Development Authority’s Emerge program.
A specialty pharmaceutical maker has more than doubled its footprint at a state-owned campus in North Brunswick, where it’s set to occupy nearly 60,000 square feet across a full building.
The state has approved a $271 million tax credit for a plan to build more than 570,000 square feet of research and academic space in downtown New Brunswick, including a new home for the state’s flagship medical school and facilities for startups and entrepreneurs.
The stock of available life sciences space in New Jersey continues to shrink, despite some headwinds, following strong activity in 2022 and what’s likely to be ongoing demand.
