Development

While several of New Jersey’s northern cities are experiencing a revitalization not seen in a generation, the trickle-out effect into the suburbs has also started to pick up some steam. Earlier this week, a new boutique community called The Green at Bloomfield opened up in Bloomfield.

The developer behind a new 6-story, 138-unit building in Bayonne announced they will soon begin construction on the project which will span the block from 19th Street to 21st Street along Broadway.

A new development project may soon be breaking ground in the Lafayette neighborhood of Jersey City. Last week, City Council voted to approve a 20-year tax abatement for a project at 2-16 Ash Street / 440-446 Whiton Street.

The Central Business District of New Jersey's largest city has seen many of its recent development projects centered around one street in the past few years. Now, even more changes could be coming to areas along the block.

Yesterday, officials from The KABR Group and Jersey City came together for a ceremonial ground breaking on a new 5-floor rental building at 720-726 Bergen Avenue in Jersey City’s McGinley Square neighborhood. The project is the first major residential development in the area in decades.

Triple Five and Nickelodeon announced this week a brand new Nickelodeon Universe theme park is planned for the currently under construction American Dream complex. Nickelodeon Universe will feature rides and attractions based on Nickelodeon’s iconic properties including SpongeBob SquarePants, Teenage Mutant Ninja Turtles and new hits like Blaze and the Monster Machines.

The former site of Resnick’s hardware store at the corner of 46th Street and Broadway in Bayonne will soon be home to a new 10-story mixed-use project.

Earlier this week, officials from Claremont Companies, Circle Squared Alternative Investments, and the Hampshire Companies came together for the official groundbreaking of the New Jersey City University’s University Place project.

The dramatic transformation of Port Imperial is adding another piece to its puzzle with Avora, a new project from Landsea Homes that broke ground and opened up their sales gallery late last week.

In the past five years, most of Newark's new development projects have been in Downtown or in the neighboring Ironbound. However, new projects are beginning to take shape in several of Newark’s other neighborhoods.