The developers of a new 267-unit apartment building in Elizabeth have obtained more than $97 million in financing for the downtown property, brokers with JLL announced Tuesday.
A new mixed-use building will bring 267 upscale apartments and 36,000 square feet of office, restaurant and retail space to the corner of Union and West Grand streets in Elizabeth, the site of a long-vacant redevelopment parcel near an NJ Transit train station.
The firms behind a high-profile redevelopment project in Elizabeth have landed more than $20 million in equity alongside a $55 million construction loan, under a set of transactions by JLL.
A development group has landed $55 million in financing for a planned 267-unit apartment complex in Elizabeth, in a newly closed transaction by Citizens Commercial Banking.
