The COVID-19 pandemic has threatened to stall many development projects nationwide, including those under the federal Opportunity Zone program, but experts say those investments could gain new momentum after a series of recent steps by regulators.
Five retail tenants have agreed to lease space at RBH Group’s new 320,000-square-foot student housing and academic building in downtown Newark.
RBH Group, the developer of the heralded Teachers Village project in Newark, is hoping to build on that success with a new investment fund under the federal Opportunity Zone program.
A new residential and academic building for nearly 400 Rutgers University students in Newark is on track to open this summer after topping out earlier this month.
More than 200 industry leaders and influencers turned out recently for a Rutgers Center for Real Estate conference on the new federal Opportunity Zone program.
KIPP New Jersey has grown its portfolio of Newark charter schools with the type of nimble, resourceful approach that is often used by developers and real estate investors in urban settings. The proof is in the makeup of its portfolio, which includes everything from new construction and renovated facilities to leased spaces in places like the heralded Teachers Village project.
Newark city officials on Wednesday detailed the development sites and office buildings that were included in their 250-page submission to Amazon, which could announce the short list for its coveted second headquarters project by early next year.