New Jersey

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.

Four-Story, 40,000-Square-Foot Middle School Planned at 535 Grand Street, Jersey City

10:00 am on April 26, 2016 By Reid Wilson

BelovED Community Charter School has acquired, from the Jersey City Housing Authority, the vacant half-acre development site at 535 Grand Street, in the Bergen-Lafayette section of Jersey City, with plans to build a new four-story, 40,000-square-foot middle school. The facility will be able to accommodate 240 students in grades six through nine, according to The Jersey Journal. The building will feature a two-story cafeteria that can also be utilized as a 300-seat auditorium, a 1,250-square-foot, sound-proof music room, a gymnasium, 19 classrooms, two science rooms, two art rooms, a sub-dividable multi-purpose room, a library, and administrative offices. There will also be outdoor recreational space and a 31-car parking lot. The project is being designed by Urbahn Architects. Opening is expected in September of 2018.

330-Unit Residential Conversion Underway at Edison’s Former Battery Factory, 177 Main Street, West Orange, New Jersey

6:30 am on April 26, 2016 By Reid Wilson

Earlier this month, crews began construction on the vacant and dilapidating Edison Storage Battery Company Building – a six-story, 400,000-square-foot former nickel-iron battery factory – located at 177 Main Street, in West Orange, New Jersey. That’s in Essex County. The building is being converted into 330 rental apartments and 18,500 square feet of retail space, according to the New York Times. It’s the first phase of a 21-acre mixed-use mega-development, called Edison Village, being developed by Bloomfield, N.J.-based Prism Capital Partners, Dune Real Estate Partners, and Greenfield Partners. All of the building’s 800 windows will be replaced, as the exterior of the building is being restored to a historical standard. There will be 20 penthouse duplexes, and amenities include a pool and a fitness center.

Bayonne Bridge Reconstruction: Raising the Road on America’s Largest Suspended Arch Bridge

5:17 pm on April 22, 2016 By Vitali Ogorodnikov

In general, new construction reflects local real estate demand and community needs. But given New York’s position as a global economic hub, it is not surprising that one of the city’s largest engineering efforts is a direct response to a megaproject 2,200 miles away. The suspended roadbed of the 84-year-old Bayonne Bridge, which spans the Kill Van Kull strait between Staten Island and Bayonne, N.J., is too low for passage of the latest, giant container ships built to traverse the expanded Panama Canal locks. If the Port of New York and New Jersey fails to accommodate such vessels, the nation’s largest metro area would suffer considerable economic damage. To keep up with the canal’s expansion, slated to open later this year, the Port Authority is raising the bridge roadbed from 151 to 215 feet above the mean water level. The Navigational Clearance Project is expected to cost $1.3 billion.

Renovated 12-Story, 148-Key Crowne Plaza Hotel Opens at 50 Kenny Place, Saddle Brook, New Jersey

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

Last summer, Houston-based Unique Hotel Management Group acquired the shuttered 12-story hotel at 50 Kenny Place, in Saddle Brook, New Jersey (in Bergen County). Now, after six years of sitting empty, the hotel has finally reopened as a Crowne Plaza, according to NorthJersey.com. The renovated hotel has 148 rooms, a redesigned lobby, meeting and event rooms, a business center, and a restaurant, dubbed SKY, located on the top floor. The distinctly cylindrical tower was built in 1971 as a Holiday Inn, but closed in 2010 following the financial crisis, prior to being acquired by Unique for $10.7 million.

Rendering of The MC Hotel. Credit: BOGZA

Groundbreaking Held for The MC Hotel in Montclair, New Jersey

7:00 am on April 20, 2016 By Evan Bindelglass

A northern New Jersey community is getting its first new full-service hotel since the last one closed in 1938. On Tuesday, a groundbreaking ceremony was held for The MC hotel in Montclair. That’s in Essex County.

Fmr. Landmark Catering Hall to Become Self-Storage, Retail, Gas Station at 33 Route 17 South, East Rutherford

10:00 am on April 14, 2016 By Reid Wilson

Morristown, N.J.-based Hampshire Real Estate Companies has acquired the 3.2-acre property at 33 Route 17 South, in East Rutherford, located just west of the Meadowlands. The site is currently occupied by the former Landmark, a 225,000-square-foot, three-room catering facility that closed its doors 2013, and a 55,000-square-foot industrial building. Hampshire Cos. plans to redevelop the property into a 100,000-square-foot self-storage facility, a retail store, and a gas station, according to NorthJersey.com. It’s not known if the existing structures are going to be demolished, although it’s possible that they could be converted to fit the new program.

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