Development

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.

Plans that would have approved a new nine-story mixed-use building in Bergen Hill were tabled by the Planning Board at last week’s meeting, but the battle for what replaces a vacant medical facility might continue to wage on in the coming months.

A new rental project is in the works for a parcel just steps from the 22nd Street Light Rail station in Bayonne. Madison Hill Properties, a Passaic-based developer, is behind the 70-unit building slated for 222 Ave. E. If all goes as planned, they hope to complete the project by 2018.

A century-old building right in Jersey City's The Heights is being re-imagined into loft-style rental apartments with a sustainable component, spaces that will start leasing very soon.

Our weekly news roundup of New Jersey stories you may have missed. This week, thoughts on gentrification in Hoboken, Jersey City's main library set to reopen next week, Curbed maps 31 developments along the Hudson waterfront, and more.