The Newark Office of Planning and Zoning has approved proposals to construct a 45-story residential skyscraper at 571 Broad Street in New Jersey. Designed by INOA Architecture for developer Israel Weiss of Oceanview Capital Management, the building will debut as Arc Tower and top out at 520 feet above ground, making it Newark’s tallest structure.
The long-delayed Hudson River Tunnel, also known as the Gateway Project, will receive a $292 million grant from the federal government. President Joe Biden was joined by secretary of transportation Pete Buttigieg, New York governor Kathy Hochul, and New Jersey governor Phil Murphy to announce the grant in a ceremony held at the West Side Rail Yard in Manhattan.
A joint venture led by Claremont Development, Stanbery Development Group, and PCCP has closed on a $146.6 million loan to redevelop a vacant commercial campus into a vibrant mixed-use community in Parsippany, New Jersey. The property is located near the Route 10-Dryden Way exit and will debut as The District at 15fifteen.
Construction has topped out on 270 Johnston Avenue, a 24-story residential tower in Jersey City’s Bergen-Lafayette neighborhood. Designed by Marchetto Higgins Stieve Architects and GRT Architecture and developed by Alpine Residential and Fields Grade, the structure will yield 169 rental units, a collection of amenity spaces, a small parking lot, and roughly 9,000 square feet of retail spread across the ground and second floors.
New Jersey governor Phil Murphy and Netflix have reached a deal that will allow the company to redevelop a 292-acre parcel in Oceanport into a sprawling production campus. Located along Route 35, the property was formerly operated by the United States Army as the Fort Monmouth County defense post, and officially decommissioned between 2011 and 2012.
