Pennrose has delivered a new apartment building in Moorestown that will provide 76 units of affordable housing to families and other residents in the area.
Pennrose has started construction on a project that will bring 66 new age-restricted, affordable housing units to downtown New Brunswick with the help of state and city funding sources.
Developers are laying the groundwork for what could be a new wave of apartment construction in downtown New Brunswick, seeking to meet the needs of potentially thousands of new employees that will come from several transformative, large-scale commercial projects that are now taking shape.
The state has announced two new approvals under the Aspire tax credit program, pledging a combined $45.4 million to affordable housing projects in New Brunswick and West Deptford.
Pennrose has unveiled 64 new apartments in Glassboro for seniors and individuals with disabilities, following its $20 million redevelopment of a former public housing complex.
Multifamily developer Pennrose has started 2022 with a newly configured leadership team, tapping two of its longtime executives for the roles of CEO and president.
New Brunswick Development Corp. is forging ahead after a year in which it broke ground on more than $1.5 billion worth of projects — a milestone that’s all the more notable for a team that never does the same project twice.
The leasing team at a new 207-unit apartment tower in New Brunswick has resumed in-person showings, while still offering virtual options for prospective renters.
