Tona Development and KS Group have closed on a $49.9 million construction loan to complete a new rental building at 50 Sussex Avenue in Newark, New Jersey. Designed by INOA Architecture, the building will top out at 15 stories and contain a mix of 203 apartments and 2,000 square feet of ground-floor retail space.
The second and final phase of The Mint is on track to debut this spring at 84 Monroe Street in Rahway, New Jersey. Developed in partnership by Fields Grade and The Slokker Group and designed by Minno Wasko Architects and Planners, the two-building property will eventually comprise 225 rental apartments.
Sanz Management has closed on $52.5 million to complete The Braddock, a 135-unit rental property in North Bergen, New Jersey. The development site is located at 8619 Bergenline Avenue and will also include a 152-vehicle parking garage and 2,400 square feet of retail space.
Jersey City officials have revealed plans to redevelop an aging public housing property into a mixed-use, mixed-income complex in the city’s downtown area. Known as The Holland Gardens Revitalization Plan, the project team includes the Jersey City Housing Authority (JCHA), PS&S Architects, and WinnDevelopment, a Boston-based subsidiary of real estate investment firm Winn Companies.
The City of Bayonne in New Jersey has approved proposals to construct the first phase of NY Vue, a 26-story residential tower set to become the city’s tallest structure. The tower is planned to take shape on a 155,000-square-foot parcel at the intersection of Chosin Few Way and 40th Street near the Hudson River waterfront.
