The main access road into the sprawling, distinctive Kearny Point development is slated to become significantly greener and more welcoming to pedestrians and cyclists, thanks to a new $3 million federal grant that was awarded to its host municipality.
Hugo Neu Group has bolstered the team overseeing its landmark Kearny Point project, tapping a longtime federal official to oversee environmental initiatives at the 130-acre site.
G.S. Wilcox & Co. is touting $170 million in recent loan activity with one of its correspondent lenders, including $100 million for two northern New Jersey apartment developers.
Russo Development has completed its acquisition of a former industrial site in Kearny that will allow it to extend its multifamily pipeline in the town, brokers with Cushman & Wakefield said.
Russo Development has delivered another 280 apartments in Kearny, completing the first of two phases at its newest residential project in the town.
Amenities, collaboration space and access to transportation will all remain important in the office sector, experts say, but those features must be increasingly focused on wellness, sustainability and energy savings. That’s not to mention diversity and the ability for employees to choose how they work.
The state has doled out its annual Governor’s Excellence in Housing and Economic Development Awards, recognizing three well-known projects in northern and central New Jersey.