State lawmakers have approved a bill that would create an office of transit-oriented development within NJ Transit and require an annual inventory of the agency’s real estate holdings.
A newly built, 40-unit luxury apartment building in Montclair is fully leased.
The states of New Jersey and New York will contribute more than $5.5 billion to building a second tunnel under the Hudson River, a long-awaited project seen as critical to the region’s economy and as protection against future flooding events like Hurricane Sandy.
Woodmont Properties is marking a leasing milestone at its new project in Metuchen, a 273-unit rental community just steps from the borough’s train station and downtown.
The longtime owner of two Newark apartment buildings has sold them for $4.8 million, in a 68-unit trade brokered by Cushman & Wakefield’s Metropolitan Area Capital Markets Group.
A successful rental project is one of two driving forces that now have Bound Brook ready to move ahead with a long-overdue revitalization of its downtown. The borough, whose Main Street has a history of being pummeled by surges from major storms, marked the completion last year of a $143 million flood control project — meaning downtown business and property owners no longer need to spend thousands of dollars on flood insurance.
A developer has received approval to build 69 luxury apartments in downtown Somerville, marking the latest project to move forward in the borough’s ongoing redevelopment.