Somerset Development has completed the sale of 15 acres in downtown Somerville to AvalonBay Communities Inc., paving the way for the construction of 374 apartments and other uses that will anchor a long-awaited redevelopment project.
Somerset Development has opened the doors to a newly expanded and upgraded co-working space at Bell Works, its massive indoor office and retail campus in Holmdel.
Somerset Development has taken new steps in its plan to open a second Bell Works location, luring its first office and retail tenants to a 1.65 million-square-foot campus outside Chicago.
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.
Somerset Development announced that it has provided more than $5 million to the township of Holmdel, fulfilling a redevelopment agreement tied to the acclaimed transformation of the iconic former Bell Labs facility into the 2 million-square-foot, mixed-use Bell Works campus.
Somerset Development has secured a renewal and expansion with a communications testing firm, in the largest of four new leases at its flagship Bell Works complex in Holmdel.
Somerset Development has unveiled its plan to reopen its flagship Bell Works complex in Holmdel, providing a roadmap for office and retail tenants that were forced to leave as the COVID-19 crisis escalated in early spring.
The coronavirus crisis has upended Bell Works, one of New Jersey’s most complex and high-profile adaptive reuse projects in recent memory, as it was nearing the peak of its success. The developer behind the landmark project is now navigating this latest challenge.
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.