New Jersey

150 Park Avenue

Five-Story, 130,000-Square-Foot Medical Building Planned at 150 Park Avenue, Florham Park, New Jersey

10:00 am on May 10, 2016 By Reid Wilson

Back in March, developers broke ground on a five-story, 256-unit residential complex at 90 Park Avenue, in the North Jersey community of Florham Park. Now, located in the same business park Green at Florham Park, a five-story, 130,000-square-foot medical office building is being planned at 150 Park Avenue. Summit Medical Group and the University of Texas MD Anderson Cancer Center recently signed a lease at the property, which will be home to a cancer treatment center. The Rockefeller Group, the same developer that built the residential project at 90 Park, is developing the medical facility. The building will be located roughly 1.5 miles from NJ Transit’s Madison station, although a large parking lot is also planned.

540 Broad Street

246-Unit Residential Conversion Planned at 20-Story Office Tower, 540 Broad Street, Newark

11:00 am on May 9, 2016 By Reid Wilson

New York-based L&M Development has acquired the 20-story, 436,000-square-foot New Jersey Bell Headquarters Building, an office building located at 540 Broad Street in downtown Newark, for $16.51 million. The developer plans to convert the building into 246 residential units, according to NJ Advance Media. The basement will be fit with a fitness center, a bowling alley, and storage space. The rest of the building will become apartments, except for the fourth floor, which will remain an operational Verizon switch station. Connecticut-based Amara Associates is designing the project. The building is listed on the U.S. National Register of Historic Places.

535 Grand Street

Four-Story, 40,000-Square-Foot Middle School Planned at 535 Grand Street, Jersey City

10:00 am on April 26, 2016 By Reid Wilson

BelovED Community Charter School has acquired, from the Jersey City Housing Authority, the vacant half-acre development site at 535 Grand Street, in the Bergen-Lafayette section of Jersey City, with plans to build a new four-story, 40,000-square-foot middle school. The facility will be able to accommodate 240 students in grades six through nine, according to The Jersey Journal. The building will feature a two-story cafeteria that can also be utilized as a 300-seat auditorium, a 1,250-square-foot, sound-proof music room, a gymnasium, 19 classrooms, two science rooms, two art rooms, a sub-dividable multi-purpose room, a library, and administrative offices. There will also be outdoor recreational space and a 31-car parking lot. The project is being designed by Urbahn Architects. Opening is expected in September of 2018.

330-Unit Residential Conversion Underway at Edison’s Former Battery Factory, 177 Main Street, West Orange, New Jersey

6:30 am on April 26, 2016 By Reid Wilson

Earlier this month, crews began construction on the vacant and dilapidating Edison Storage Battery Company Building – a six-story, 400,000-square-foot former nickel-iron battery factory – located at 177 Main Street, in West Orange, New Jersey. That’s in Essex County. The building is being converted into 330 rental apartments and 18,500 square feet of retail space, according to the New York Times. It’s the first phase of a 21-acre mixed-use mega-development, called Edison Village, being developed by Bloomfield, N.J.-based Prism Capital Partners, Dune Real Estate Partners, and Greenfield Partners. All of the building’s 800 windows will be replaced, as the exterior of the building is being restored to a historical standard. There will be 20 penthouse duplexes, and amenities include a pool and a fitness center.

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