Development

Last Thursday, The Jersey City Summit for Real Estate Investment took over 70 Hudson Street for what has undoubtedly become the region's premier real estate event. An expected turnout of 500 swelled to over 750 as excitement for the event ramped up in the final weeks.

As an accompaniment to the emerging markets panel at The Jersey City Summit, GRID Real Estate released a map depicting Jersey City development trends throughout the city. Here's our analysis.

For close to a century, millions of flags were produced at the Annin Flagmakers plant in Verona until its closure in 2013. Now, the plant, located at 163 Bloomfield Avenue in Verona is being converted into a new residential development called Annin Lofts.

Progress is being made for Bayonne’s latest health center - a three-story, 80,000 square-foot medical facility in the heart of Bayonne. Officials are optimistic that the project will bring “quality healthcare, jobs, and economic revitalization” to the city.

Fields Construction Company announced yesterday that construction has begun on Phase II of their 207 Van Vorst Street project in Jersey City.

The largest mixed-use project to hit downtown Newark in decades will officially be completed by the end of 2016, and some additional retail in the development will be adding to the revitalization of one of New Jersey’s oldest cities.

For centuries, Broad Street in Newark has been one of the busiest thoroughfares in the state. Historically, shops have lined the street for several miles, but now, many changes are happening along the block. Several new residential developments are coming, or have already come, to the Broad Street corridor.

A previously approved project that will fill a vacant lot in Journal Square will be made up of “coliving” spaces, a development that will bring some new housing options to the market in a neighborhood that is quickly changing.

Philadelphia-based KMS Development Partners have released plans for a state-of-the-art Hilton Hotel in downtown Hoboken that would also help revitalize the city’s main Post Office, but a few hurdles remain before the project actually becomes a reality.

An Essex County organization has announced plans for a new housing community targeted towards local residents who experience homelessness.