New Jersey

Nova Towers Gains Approval From Historic Preservation Commission of Newark, New Jersey

8:00 am on September 17, 2024 By Michael Young and Matt Pruznick

The Newark Landmarks and Historic Preservation Commission has approved Nova Towers, a two-tower residential proposal set to rise at 16-38 William Street in the Four Corners Historic District in downtown Newark, New Jersey. Designed by INOA Architecture and developed by KS Group LLC, the structures are planned to both stand 488 feet tall and yield a combined 712 residential units in studio to two-bedroom layouts. The property currently features a number of low-rise commercial structures that will have to be demolished, and is bound by William Street to the north, a surface level parking lot to the south, Chapel Court to the east, and Halsey Street to the west.

Photograph of Park & Arbor, courtesy of Hornrock Properties

Leasing Launches for Park & Arbor at 18 Park Avenue in Old Tappan, New Jersey

7:30 am on September 6, 2024 By Max Gillespie

Leasing has launched for Park & Arbor, a two-building mixed-use complex nearing completion at 18 Park Avenue in Old Tappan, New Jersey. Developed by Hornrock Properties, the community will yield 110 rental homes in one to three-bedroom configurations in one building and 21,000 square feet of retail space in the other.

Rendering of Monmouth Square, courtesy of Kushner

Kushner Secures $415 Million In Financing For Monmouth Square Redevelopment In Eatontown, New Jersey

7:30 am on September 4, 2024 By Max Gillespie

Kushner has secured $415 million in construction financing for Monmouth Square, a mixed-use redevelopment of Monmouth Mall in Eatontown, New Jersey. The financing package includes a $303 million residential loan from Fortress Investment Group and a $112.5 million retail loan from Rithm Capital Corp, managed by GreenBarn Investment Group.

New Renderings Offer Additional Views of 315 Mulberry Street in Newark, New Jersey

8:00 am on August 21, 2024 By Michael Young

YIMBY spotted a new batch of exterior renderings for 315 Mulberry Street, a proposed set of residential skyscrapers planned to rise in the downtown section of Newark, New Jersey. Designed by INOA Architecture and developed by KS Group and Giga Holdings, who submitted project plans to the city’s planning board for review a few weeks ago, the master plan will make it the tallest buildings in Newark yielding 1,008 rental units. It was last reported that the first tower will house 427 units over 51 stories, and the second tower will contain the remaining 581 units with a similar architectural height. Other aspects of the project will include a multi-story podium featuring commercial space and a parking garage, along with various indoor and outdoor residential amenities for residents. The site is bound by Mulberry Street to the east, Beach Street to the north, Orchard Street to the west, and East Kinney Street to the south.

Rendering of 110 Bergen Turnpike. Designed by CPA Architecture

SCALE Lending Provides $75M Bridge Loan For 110 Bergen Turnpike In Little Ferry, New Jersey

7:00 am on August 13, 2024 By Max Gillespie

SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $75 million bridge loan to Capodagli Property Company, a family-owned real estate development and management firm based in New Jersey. The financing will support the completion, lease-up, and stabilization of 110 Bergen Turnpike, a two-building development in Little Ferry, New Jersey. The project was designed by CPA Architecture.

Rendering of Livana Colts Neck. Designed by Minno & Wasko Architects and Planners

Livana Colts Neck Breaks Ground at 7 Route 537 in Colts Neck, New Jersey

7:00 am on August 4, 2024 By Max Gillespie

Construction has broken ground on Livana Colts Neck, a new residential community at 7 Route 537 in Colts Neck, New Jersey. Designed by Minno & Wasko Architects and Planners and developed by Kushner, the property will yield 360 rental units across 15 buildings, along with a resident clubhouse.

Updated Renderings Revealed for Harborside 8 and 9 in Jersey City, New Jersey

8:00 am on July 16, 2024 By Michael Young and Matt Pruznick

A new batch of renderings has been revealed for Harborside 8 and Harborside 9, a two-skyscraper mixed-use development along the Hudson River waterfront in Jersey City, New Jersey. Designed by Elkus Manfredi Architects and developed by Veris Residential, formerly known as Mack-Cali Realty Corp., the project consists of the 68-story, 680-unit Harborside 8 and the 57-story, 579-unit Harborside 9. The latter gained approval from the Jersey City Planning Board last week and will stand 607 feet tall and rise from an eight-story podium. The property is currently occupied by a 169,000-square-foot open-air parking lot bound by 2nd Street to the north, Harborside Place to the south, Hudson Street to the west, and the 18-story 3 Second Street at Harborside office tower immediately to the east.

25 Cottage Street. Designed by Handel Architects

25 Cottage Street Breaks Ground In Journal Square, Jersey City

7:30 am on July 3, 2024 By Max Gillespie

Nasser Freres has commenced construction on a new mixed-use development at 25 Cottage Street in Journal Square, Jersey City. The approximately $300 million project is set to deliver 622 rental residences, nearly 45,000 square feet of Class A office space, and ground-floor retail upon its completion in the first quarter of 2026.

Rendering of Teterboro Logistics Center, via teterborolc.com

Teterboro Logistics Center Completes Construction At 1 Malcolm Avenue In Teterboro, New Jersey

7:00 am on July 2, 2024 By Max Gillespie

Hartz Mountain Industries recently completed construction on Teterboro Logistics Center, a 515,421-square-foot industrial facility at 1 Malcolm Avenue in Teterboro, New Jersey. The cross-docked facility offers direct access to the I-95 corridor between Washington, DC and Boston, serving approximately 50 million residents. Hartz Mountain Industries developed the project as part of its ongoing focus on industrial assets in the Northeast.

Rendering of Journal Square Urby. Building design by HLW Architects and Concrete

Journal Square Urby Nears Completion At 575 Pavonia Avenue In Jersey City, New Jersey

7:30 am on May 17, 2024 By Max Gillespie

Construction is nearing completion on Journal Square Urby, a 25-story residential tower at 575 Pavonia Avenue in Journal Square, Jersey City. Designed by HLW Architects and Concrete and developed by Ironstate Development, Panepinto Properties, and Kimmel, the 265-foot-tall structure will yield 317 units in studio to three-bedroom layouts and access to a public cafe through the lobby. Leasing for the property is set to commence in June.

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New Jersey

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