TAY Investments has snagged a nearly $36 million loan to refinance a recently opened, 110-unit apartment property in Jersey City, according to a debt placement team with Berkadia.
The Silverman way: Developer’s latest project in Jersey City follows decades of engagement with residents, commercial tenants to help build Hamilton Park ‘ecosystem’
A new apartment building with commercial and coworking space is SILVERMAN’s latest addition to Jersey City’s Hamilton Park district, where it has spent four decades as a developer and investor with a highly visible, hands-on style and high level of engagement that has created an ecosystem where many residents live and work.
On the ground
As you’ll read in this month’s cover story, the firm known as SILVERMAN is marking its latest milestone in Hamilton Park with a new mixed-use project just off the five-acre green space. Known as Swift & Co., the nine-story building houses 59 apartments and 80,000 square feet of commercial space that’s now fully leased to a mix of office and retail users, plus an upscale, 20,000-square-foot coworking lounge that’s home to dozens of other entrepreneurs and much-needed event space for the community. It’s the Silverman brothers’ latest addition to a neighborhood where they’ve built some 500 residential units and 150,000 square feet of commercial space over 35 years, doing so with a highly visible, hands-on style and high level of engagement with their tenants that has fostered an ecosystem where many residents live and work.
Connell Foley LLP
With nearly 40 attorneys practicing in our Real Estate and Land Use Group, Connell Foley has the depth and experience to represent the full range of businesses and individuals with commercial real estate interests in New Jersey. From major national developers to financial institutions, private investment funds, public entities and business owners, our clients are sophisticated real estate investors who possess stakes in a wide variety of property types. We devise tailored plans, navigate regulatory hurdles and facilitate the successful completion of our clients’ projects, which include some of the most exciting and unique development opportunities in today’s real estate world.