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Another Hudson County liquor license could be transferred to one of the region’s largest real estate companies.
Last week, Mack-Cali updated shareholders during an earnings call that was held during what is unquestionably a tough economic environment.
A company associated with Mack-Cali’s Roseland Residential Trust and a business known as Butcher and Baker is planning to transfer a liquor license to RiverHouse 11 at Port Imperial.
Several indicators have emerged that the second portion of the massive development could be downsized to a single tower but still include almost 800 units.
A project totaling 680 residential units plus commercial space has been green lit by the city’s planning board.
“The Upton” is being developed by Mack-Cali across from The Mall at Short Hills and is expected to bring around 200 apartments to Millburn Township.
A new façade has started going up as Mack-Cali’s $75 million revamp continues to transform its waterfront property into a 24/7 destination.
Changes coming to the Mack-Cali property set to host the market include converting a portion of a parking garage into retail space and designating part of Pearl Street for one-way traffic.
The ownership of liquor licenses in Jersey City continues to shift as some businesses close, others change hands, and new ones are planned.
A 57-story tower that includes a new school, public plaza, and designated affordable housing units is under construction after being redesigned from a previous version.