Newark’s 216-Unit Carmel Towers Renovation Snags $35 Million Loan
An endeavor that is revitalizing an abandoned Newark high-rise obtained some notable financing that will help transition the property.
After Decades of Neglect, Jersey City’s Northern Downtown Rapidly Rising
Several companies are bringing over 3,000 housing units, a 1.5-acre park, and more than 73,000 square feet of retail space to a post-industrial neighborhood near the Hoboken border.
Hoboken Council Approves Citywide Special Improvement District
To fund the endeavor, owners of properties with over five units will pay a new assessment that’s set to kick in later this year.
Kushner Breaks Ground on One Journal Square, Target to Anchor Retail Space
The Jersey City mega project, which includes a new public plaza, will feature two 64-story towers and has already reached a retail deal to bring a Target to the ground floor.
Future Alexander Hamilton Center in Paterson Inches Towards Reality
New funding has been secured for a Paterson project looking to build an innovative visitors center inside the historic Great Falls National Park.
Developer Planning Transformative 24+Half Adaptive Reuse Project in Paterson
Blue Onyx Companies is plotting to convert seven old mill buildings into a vibrant mixed-use environment that will create a riverfront walkway that better connects the neighborhood to Great Falls National Park.
Contract Awarded for Newark Avenue Pedestrian Plaza Renovation in Jersey City
Months of delays have ended with Jersey City’s council approving $6.7 million to overhaul a two-block stretch with granite pavers and a variety of improvements including a stage, additional seating areas, and green infrastructure.
Jersey City Opens Renovated Riverview Park, Breaks Ground on Reservoir #3 Restoration
A big weekend in The Heights saw officials unveiling a $2 million greenery renovation and celebrating the beginning of a $6 million project that will overhaul and expand access to a 14-acre reservoir.
KRE Group Begins Redevelopment Effort at Naval Air Site in Ewing
A once proud but deteriorating industrial complex in Mercer County is officially meeting the wrecking ball and will be replaced with four new buildings hoping to spark some modern-day innovation.
Details Emerge on Hoboken’s Proposed Special Improvement District
Owners of properties with commercial space would pay a new assessment under the arrangement, which was formally presented to the city council last week.
