Russo eyes spring delivery at 296-unit rental project in Garwood

Russo Development is nearing completion of a project that will bring close to 300 new apartments to a site that is just steps from NJ Transit’s Garwood train station.

Developer eyes launch of leasing at 276-unit rental project in Somerset County

Accurate Builders & Developers is nearing completion of a new 276-unit multifamily project just steps from NJ Transit rail service in Somerset County, the firm announced Tuesday.

Developers wanted for NJ Transit sites in Jersey City, Woodbridge

NJ Transit is seeking would-be developers for two sites, including property at the busy Metropark station in Woodbridge and a parcel near Liberty State Park in Jersey City.

Prism on track for spring completion at Woodbridge rental project

Prism Capital Partners is eyeing a spring delivery for more than 230 new apartments in downtown Woodbridge, as it nears a construction milestone for the mixed-use project.

Final phase of Wood-Ridge transit village project secures site plan approval

A development team has secured a key approval for the final piece of a long-running plan to transform a piece of the former Curtiss-Wright aircraft plant in Wood-Ridge.

NJ Transit names new chief of real estate, development for TOD parcels

NJ Transit has tapped a former real estate investment trust executive as its first-ever head of real estate and development, seeking to spur new revenue streams and revitalize the many underused parcels around its train stations.

Gridlock in Trenton: Not what investors want

Messaging from Trenton over the last several months, “airing dirty laundry” and delayed payments and responses to companies involved in the state’s incentive programs are scaring away legitimate businesses from setting roots in New Jersey. Businesses need certainty and clarity. Why don’t we pivot the conversation to one about how to make robust investments in our people and infrastructure without any further distractions and political roadblocks?

Development group launches first Opportunity Zone projects in Orange

A development team has concluded its first round of fundraising for two projects under the federal Opportunity Zone program, with plans to break ground next year on a combined 168 apartments near the Orange train station.

Somerset closes on 31-acre transit village site in Somerville

Somerset Development has completed its long-awaited acquisition of 31 acres in downtown Somerville, paving the way for a project that includes more than 500 residential units and other uses adjacent to the borough’s train station.

Improved transit is key to New Jersey’s future

Legislation was enacted last November that requires NJ Transit to establish an office of real estate economic development and transit-oriented development to assess all its properties and annually recommend how best to increase NJT’s non-fare revenues. The goal is to enable NJT to have more funds to invest in its operations, maintenance and capital projects in order to improve performance for bus, rail and light rail passengers.