New Jersey

17-Story, 154-Unit Residential Tower Proposed at End of 14th Street, Palisades Park, New Jersey

10:00 am on June 21, 2016 By Reid Wilson

The Texas-based Limestone Hills Corporation is proposing a 17-story, 154-unit residential tower in the Bergen County, New Jersey borough of Palisades Park. It would be located in between the two current section of 14th Street. The developer is currently seeking a variance from the borough’s Zoning Board to build a tower six stories taller than currently allowed, NorthJersey.com reports. The proposed project would include one- and two-bedroom apartments and a 165-car, six-level parking garage, three levels of which would be underground. There would also be a surface parking lot along 14th Street. The 6.5-acre site was acquired for $1.8 million in 2011 via a bankruptcy court order. The swath of land is currently approved for an eight-story, 64-unit residential building. The plans are expected to be presented to the board this week.

Work Begins on Five-Story, 90-Unit Mixed-Use Development at 662 South 2nd Street, Plainfield, New Jersey

6:00 am on June 21, 2016 By Reid Wilson

Excavation work is now underway for a mixed-use project on the long-vacant 4.97-acre brownfield site at 662-758 South 2nd Street, in the North Jersey city of Plainfield. That’s in Union County. Under development is a five-story, 90-unit residential building, dubbed The Muse at Grant Avenue, and a single-story, 44,000-square-foot commercial building that will be leased to ABC Supply Company, according to NJBIZ. The units will range from one- to three-bedrooms, and below-market rate units are also included. Amenities include a parking garage, a fitness center, and a community room. The commercial building will serve as a distribution facility, featuring a staging area and 4,000 square feet of accessory office space. J.G. Petrucci Co. Inc. and TD + Partners are the developers. Completion on ABC Supply’s facility is expected later this year, while occupancy of the residential building is scheduled in 2018. The project is the city’s largest mixed-use development in 40 years. The site is located one mile south of NJ Transit’s Plainfield station.

Construction Wrapping on First 53-Story, 538-Unit Journal Squared Tower, 605 Pavonia Avenue, Jersey City

7:00 am on June 16, 2016 By Reid Wilson

Kushner Real Estate Group’s 53-story, 538-unit mixed-use building at 605 Pavonia Avenue, in the Journal Square section of Jersey City, is now fully clad. The tower’s construction crane has been removed, as seen in a photo posted on Instagram by the owners via the YIMBY Forums. The rental tower contains a very large parking garage as well as retail space. It’s the first of three towers in the Journal Squared mega-development, which includes additional 60- and 70-story sibling towers. The entire development will boast 1,838 residential units and 36,000 square feet of retail space. As for this first completed tower, which topped out in December of 2015, occupancy is expected by the end of this year. HWKN and Handel Architects are responsible for the design. The complex will be located a stone’s throw away from the neighborhood’s PATH station.

Developer Acquires Site of Planned 42-Story, 800-Unit Mixed-Use Tower at 500 Summit Avenue, Jersey City

6:00 am on June 10, 2016 By Reid Wilson

Back in August and December of 2014, YIMBY revealed two different conceptual designs for a planned mixed-use development at 500 Summit Avenue, in the Journal Square section of Jersey City. HAP Investments has recently closed on the acquisition of the site for $26.6 million, despite false reports that the developer purchased the property in 2014, Commercial Observer reported. It was also revealed that CetraRuddy will be responsible for the design, the same firm that produced the conceptual renderings YIMBY released in 2014. Planned is a 42-story, 800-unit tower with 30,000 square feet of retail space. The entire building will encompass 916,955 square feet, and the residential units, which will be rentals, should average 981 square feet apiece. There will be a 100-car parking garage. The 80,000-square-foot site consists of a parking lot and two dilapidated, two-story residential buildings.

43-Story, 376-Unit Residential Tower Rises on 14th Street in Newport Section of Jersey City

11:00 am on May 23, 2016 By Reid Wilson

Back in December of 2015, YIMBY reported on the groundbreaking of the planned 43-story, 376-unit residential tower, dubbed Ellipse, at the end of 14th Street in the Newport section of Jersey City. Now, the structure is four stories above street level, as seen in photos by JC_Heights via the YIMBY Forums. The new 444-foot-tall building will encompass 592,800 square feet and will include a retail component on the lower levels. The residential units will be rental apartments. LeFrak is developing the project, and Arquitectonica is behind its design. Completion is expected sometime in 2017.

Ground Broken for 90,000-Square-Foot Warehouse and Distribution Facility at 925 Julia Street, Elizabeth

6:00 am on May 18, 2016 By Reid Wilson

Developers Elberon Development Group and the Avidan Group have broken ground on a 90,000-square-foot warehouse and distribution facility at 925 Julia Street, located within Elizabeth, New Jersey’s northeastern industrial section near Newark Liberty International Airport. The structure will have two 45,000-square-foot units, featuring 36-foot-tall ceilings, up to 24 loading docks, and an 80-trailer parking lot. Pilot Freight Services has already signed a 45,000-square-foot lease in the building, according to Law.com. The site – bound by Julia Street, Henry Street, and Fairmount Avenue – has largely sat long vacant. Completion is expected in September.

Ground Broken for Four-Story, 135-Unit Mixed-Use Project Madison Place at 33 Green Village Road, Madison, New Jersey

6:00 am on May 16, 2016 By Reid Wilson

In January, Kushner Real Estate Group and Mark Built Homes acquired, for $12 million from the borough, the five-acre development site at 33 Green Village Road, in the northern New Jersey community of Madison. Last week, the developers hosted a groundbreaking ceremony for their four-story, 135-unit mixed-use complex, dubbed Madison Place, TapIntoMadison reports. Planned is a 100-unit component called Rose Hall, which will host market-rate rental apartments, and a 35-unit component named Madison Place, which will contain condominiums. Rose Hall will also feature ground-floor commercial space for retail and restaurants, as well as a 3,000-square-foot community center. The site was previously occupied by the long-vacant Green Village Road School, which has since been demolished. Marchetto Higgins Stieve and landscape architecture firm Melillo + Bauer Associates are designing. Completion is expected in 2017. The complex will be located three blocks north of NJ Transit’s Madison station.

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.

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.

Rendering of both towers of The Modern in Fort Lee, NJ. Via SJP Properties.

Ground Broken for The Modern’s Second Tower at 100 Park Avenue, Fort Lee

8:00 am on April 27, 2016 By Evan Bindelglass

Residents of Upper Manhattan, particularly Washington Heights and Inwood, will soon see something new rising across the Hudson River. On Monday, groundbreaking was held for the second tower at rental development The Modern, located just a bit south of the George Washington Bridge at 100 Park Avenue in Fort Lee.

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