The sale of 919 rental units in Bayonne and Union City is one of the largest transactions for Capital Realty in recent years.
A development on Monmouth Street is one of several infill projects that The Stonebridge Group has in store for Jersey City over the coming months.
The family company, now being run by a new generation, is the epitome of the American success story and is looking to help build communities throughout New Jersey.
After 67 years, Casino in the Park’s lease is up for bid and a high-end restaurant has been suggested, but residents are skeptical of the need and success of fine dining in the park.
Just last week, Jersey City’s planning board approved three new towers for Journal Square. With these approvals, it’s becoming more and more evident that Journal Square is on track to become the next development hot spot outside of Downtown.
NYC-based Margules Properties closed last week on yet another property in Jersey City, this one at 2800 Kennedy Boulevard, further adding to their already significant holdings in Journal Square.