Residential & Mixed Use
Developers break ground on housing, nonprofit space at Paterson mill property

A joint venture has broken ground in Paterson on a $26 million project that will bring affordable housing and space for a local nonprofit to the site of a historic mill building.

Government & Public Policy
Insiders see growing (but measured) demand for new, more targeted state incentive program

With the recent approval of the first awards under Emerge, the state’s new jobs-based tax incentive program, officials and other insiders expect to see a measured pace of applications for a subsidy that was designed to be more discerning and targeted than its predecessor.

Office
It’s official: Party City, local leaders announce company’s move to Woodcliff Lake

Party City will in fact move its corporate headquarters to Woodcliff Lake, where it will lease more than 200,000 square feet to backfill a soon-to-be-vacant office building.

Government & Public Policy
Passaic County, eyeing reuse of Toys R Us campus, among eight to receive EDA grants

The state is helping to jumpstart efforts to repurpose the sprawling former Toys R Us campus in Wayne, thanks to one of eight newly approved grants by the Economic Development Authority.

Office
EDA: Party City would lease 209,000 sq. ft. in Woodcliff Lake with help of Emerge incentive

State officials have approved a nearly $10 million tax credit that would pave the way for Party City Holdings Inc. to lease more than 200,000 square feet of office space in Woodcliff Lake.

Government & Public Policy
Experts say ‘stranded’ office, retail sites can thrive as new-look community hubs

Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.  

Editor’s Note
Outside the box

By and large, it’s been a decade of good news for New Jersey industrial’s sector. I’m certainly thankful for the steady stream of updates on deals and developments up and down the state, especially in a pandemic that has threatened other asset classes. That can also present a challenge as we look to keep our content fresh, nuanced and informative in an area that has been so consistent.

Government & Public Policy
EDA now accepting applications for commercial ERG projects

The state Economic Development Authority is now accepting applications for commercial construction projects under a relaunched gap financing program.

Top News
EDA to expand relaunched ERG program, adding $75 million for commercial projects

The Trenton statehouse By Joshua Burd State officials have rebooted another piece of the former Economic Redevelopment and Growth program — infusing it with a $75 million allocation specifically for commercial projects — as they continue to develop a series…

Residential & Mixed Use
NJPAC details plans for $150 million expansion, transformation of Newark campus (SLIDESHOW)

A long-awaited plan to expand the New Jersey Performing Arts Center campus in Newark — with new residential, commercial and cultural space — is slated to break ground next year.