SCALE Lending, the debt financing arm of Slate Property Group, has provided an $83 million bridge loan to The Namdar Group for the newly completed 26 Van Reipen Avenue in Journal Square, Jersey City. This loan is part of a larger funding package totaling $283 million, which also supported another development, 626 Newark Avenue, within the same neighborhood.
SCALE Lending, the debt financing arm of Slate Property Group, has finalized a $160 million construction loan to The Namdar Group for a new mixed-use development located 626 Newark Avenue in Jersey City. The loan was arranged by Drew Fletcher and Bryan Grover of Greystone Capital Advisors.
Plans have been approved for 84-88 Beacon Avenue, a five-story residential building in Jersey City. The project, spearheaded by GN Management, will combine the sites of several existing structures on Beacon Avenue in the Jersey City Heights neighborhood and yield 24 units in one- to three-bedroom units. The property is located at the corner of Beacon and Oakland Avenues.
Handel Architects has unveiled renderings for The Cottage, a 28-story mixed-use tower at 29 Cottage Street in Journal Square, Jersey City. The structure is planned to yield 669 residential units as well as 44,551 square feet of office space and 3,823 square feet of retail space.
The Girl Scouts of Central and Southern New Jersey have unveiled the organization’s third “DreamLab,” a space designed to educate and inspire young girls. Located in The Shoppes At North Brunswick, the space has classrooms for STEM-related education, training spaces for the performing arts, a bouldering wall, video and podcast recoding booths, an indoor camping area, and flexible spaces for large gatherings.
