Nearly a dozen transactions and projects will take center stage next week as contenders for NAIOP New Jersey’s Deal of the Year awards, as the organization prepares for what’s poised to be another sellout for its annual Commercial Real Estate Awards Gala.
Plans to revamp mall parcels with new apartments, public space taking shape across New Jersey
Redevelopment is coming to some of New Jersey’s largest malls, as owners and local officials weigh plans to add apartments, health care facilities and vibrant public spaces meant to infuse them with new foot traffic. Proponents say the projects are essential to the long-term health of even the most successful assets. In other cases, they’re a potential lifeline to once-dominant shopping hubs that have become obsolete and seen their values plummet in recent years.