NJBIZ was on the scene June 4 at the Jersey City Summit for Real Estate Investment, Placemaking & Innovation. The annual event, organized by roundtable&advisory, convenes experts to explore what’s driving local real estate, economic development and innovation, investment, development and placemaking, capital markets, and operations and design. One of the...
The basics: Advance Realty Investors breaks ground on 19,240 square feet of retail space along Route 206 Four new retail buildings at Bedminster Village Square target delivery in 2027 All spaces can accommodate food uses; patios, a central courtyard planned Pierson Commercial Real Estate serves as exclusive retail leasing agent for the development Construction...
The basics: Inserra Supermarkets’ new Jersey City ShopRite spans 85,000 square feet Store replaces grocer’s smaller Marin Boulevard location New amenities include hot food, soup and sushi bars, prepared meals, AI-powered Caper Carts Energy-efficient refrigeration, lighting, HVAC, water reclamation systems support sustainability efforts Inserra Supermarkets Inc. is gearing up to open its newest ShopRite...
Jersey City is seeking plans to revitalize the H&M Powerhouse, as it is slated to take over ownership of the property soon. Photo by Jersey Digs. A hulking industrial structure in the heart of Downtown Jersey City could finally be redeveloped after years of dormancy as the city seeks plans to...
The basics: Orchard House by Vermella will bring 370 residences to former BMW NA campus in Woodcliff Lake 21-acre redevelopment will include 9,000 square feet of retail space, new public park, walking trails Project includes 74 affordable housing units, featuring 26 supportive housing units 30-year PILOT expected to generate more than $106 million for...
Crystal Point, Residence 2205 is one of Megha Moza’s sponsor offerings. Presented by Team Moza | Prominent Properties Sotheby’s International RealtyRenowned for their innovative leasing and marketing strategies, Team Moza has rapidly become the go-to choice for developers seeking swift, successful lease-ups and sell-outs of large residential projects.Written by Jersey Digs.category-sponsored...
The basics: New Jersey’s rental vacancy rate is 4.9%, among the nation’s lowest Austin’s housing construction boom coincided with declining rents Jersey City increased housing development under former Mayor Steven Fulop Author says statewide zoning and development standards could expand housing supply Recently, Gov. Mikie Sherrill signed a bill into law that will ban housing...
The basics: District 15Fifteen signs leases with Spencer Savings Bank, Dhaba Indian Restaurant Five more operators expected to open at Parsippany development within eight weeks Vermella Paramus adds The NOW Massage, Honey Brewed Cafe Two additional retail leases pending in Bergen County Two North Jersey mixed-use communities are welcoming new retail tenants to further complement...
Online retailer Wayfair plans to expand its New Jersey store count with a new location planned for Cherry Hill. The large-format store will occupy approximately 86,000 square feet at Market Place at Garden State Park, according to an Oct. 7 announcement. Expected to debut in late 2028, the single-level outpost will mark...
Carlitos is now open on the top floor of Newport Centre Mall. Image courtesy of Carlitos Barbecue Taqueria. A growing Mexican restaurant that started as a food truck along the Jersey City waterfront has returned home, as the team behind Carlitos Barbecue Taqueria just launched the latest outpost of its pit-smoked...
The basics: Veronica Plaza sells for $14.5M after drawing 22+ approved bidders CushWake: 33,608-sf Somerset center sets county’s second-highest retail price per square foot Hills Village Center in Bedminster sells for a reported $60.9M Limited retail inventory, strong demographics continue to attract investors Recent retail investment activity in Somerset County highlights continued demand. In Somerset,...
Rendering of the approved project at 33-39 Division Street in Jersey City. Image credit: MVMK Architecture. The Jersey City Planning Board recently approved a proposal for an eight-story mixed-use building at the corner of Division and 8th streets in Hamilton Park. The project, located at 33 Division Street, will redevelop two paved...
The basics: NJ Innovation Hub at HELIX in New Brunswick has grown to 21 member companies since July Portal Innovations operates the 30,000-square-foot biotech hub Rutgers, Johnson & Johnson, health systems, pharma and investors are part of the ecosystem Leaders see New Brunswick as a growing center for biotech innovation The Stone Pony of...
Guardian Data opened a new 42,000-square-foot data center in Moonachie Oct. 5, doubling the company’s processing capabilities. A leading provider of secure data destruction, data center services, and IT packing and logistics, Guardian Data has spent 11 years in South Hackensack. Now located at 150 Carol Place, the Moonachie facility supports IT...
The current home of Monaco Lock has sold and is slated for a redevelopment. Image courtesy GRID Real Estate. A Newark Avenue property that has been home to a local business for decades has changed hands and is slated to become Jersey City’s next development site. GRID Real Estate has announced that...
The current home of Monaco Lock has sold and is slated for a redevelopment. Image courtesy GRID Real Estate. A Newark Avenue property that has been home to a local business for decades has changed hands and is slated to become Jersey City’s next development site. GRID Real Estate has announced that...
Since launching in July, the New Jersey Innovation Hub at the Health + Science Exchange in New Brunswick has already grown from 16 member companies to 21. On Oct. 6, a large crowd packed the Johnson & Johnson Exchange to celebrate the next wave of Garden State innovation, and the space...
This listing is presented by Danoly Mathelier of The Home Edition at Compass. Want a listing featured? Email us, hello@jerseydigs.com. This Paulus Hook loft office offers 12-foot ceilings and exposed brick. (Virtually staged) Set inside an 1880 building in Jersey City’s Paulus Hook neighborhood, this approximately 1,800-square-foot commercial condominium combines the warmth of...
Transit-oriented Avenue & Green in Woodbridge is now The Point Woodbridge, following the $79 million sale of the 232-unit apartment community. JLL announced the transaction Oct. 5. The firm represented the seller, Nutley-based Prism Capital Partners and Northwestern Mutual, in the sale to Pantzer. Completed in 2021 and located at 10 Green...
1721-1723 Kennedy Blvd, Jersey City. Image via Google Maps. The redevelopment of a surface parking lot on John F. Kennedy Boulevard near Our Lady of Mercy Catholic Church in Jersey City recently moved forward when members of the city’s planning board voted to approve a site plan for the project. Officials greenlit...
The basics: Asset management helps communities track infrastructure condition and lifespan T&M Associates exec says long-term capital plans can reduce costly emergency repairs Regulatory planning can help protect projects from redesigns and delays Walkable streets and green infrastructure are reshaping public spaces Across the country, public leaders are balancing aging assets, evolving environmental requirements, and...
Ocean Casino Resort announced Oct. 1 a $14 million transformation and expansion slated to open in early 2027. Known as The Cove, the original 7,450-square-foot space will expand to 11,935 square feet, nearly a 60% increase. The project will bring an expanded gaming floor, elevated hospitality and a sophisticated new design...
The Alliance for America’s Skilled Trades released a report Sept. 30 that finds nearly one-third of New Jersey’s skilled-trades work force is aged 55 and older. That means just 7% of the workforce is 25 and younger, making New Jersey one of nine states where the demand for these skilled trades...
The greater plan for the Canal Crossing property, with the first two approved portions highlighted. Image courtesy Boraie Development. A fifty-year effort to cleanup up contaminated land in Jersey City’s Bergen-Lafayette neighborhood is slated to end with the construction of new residences that include affordable housing, new retail, and park space. Jersey...
The 351-key Hyatt Hotel in Jersey City recently sold. Image courtesy of Hyatt. The $100 million commercial mortgage-backed securities loans secured by the Hyatt Regency hotel next to the Exchange Place PATH station in the Jersey City waterfront have seemingly run aground 10 years after they were originated. Multiple outlets reported that,...
The basics: Prudential plans to sell its Plaza and Washington buildings in Newark Employees will consolidate at Prudential Tower Transition expected to take several years Prudential says Newark will remain its global headquarters Watch this space: Newark stalwart Prudential Financial plans to sell two of its three office buildings in the city in the coming...
The two-tower Homestead Market development will include a pair of 47-story towers with a retail plaza in between. Rendering courtesy of Namdar Group. One of Jersey’s City’s most prolific developers has secured yet more financing to support their building boom as a two-tower plan along Summit Avenue moves towards the construction...
The basics: Sherrill’s housing plan targets 350,000 additional homes statewide State aims to double housing production on state-owned land to 40,000 units Proposed ‘shot clock’ would speed up permit approvals New tax credit auction would generate tens of millions for affordable housing Gov. Mikie Sherrill announced her administration’s five-pillar plan to tackle housing affordability and...
Forum Coffee has opened their latest cafe in Jersey City at 200 Greene Street. Image courtesy Forum Coffee. A premium coffee brand that has exploded onto the Garden State scene over the last two years now has an official presence in Downtown Jersey City, with Forum Coffee launching its latest endeavor...
This listing is presented by Sonia DaSilva and Megha Moza of Prominent Properties Sotheby’s International Realty. Want a listing featured? Email us, hello@jerseydigs.com. The condominium has been tastefully updated while retaining historic features. On the top floor of a Downtown Jersey City brownstone, this thoughtfully updated one-bedroom pairs classic architectural details with...
The basics: NJ construction spending rose 19% to $18B this year Construction starts increased just 1% amid high interest rates Project pipeline grew to $137.5B Commercial, industrial starts posted major gains Construction spending has increased by 19% in New Jersey this year. However, new construction starts remain nearly unchanged, up by just 1%. Delivering the figures...
The New Jersey Department of Labor and Workforce Development this week announced a new grant to benefit women and minority residents pursuing careers in construction trades. The Office of Apprenticeship of NJDOL will make $2 million in awards available for its first round of Fiscal Year 2027 New Jersey Builder’s Utilization...
Another massive multifamily project set for Jersey City has secured a multimillion construction loan. Newmark announced Sept. 25 arranging $310 million in funding on behalf of Namdar Group for the first phase of work at 555 Summit Ave. TYKO provided the loan. The initial work on the two-tower “Homestead Market” development would...
Jasmin Terrace, completed in 2024, has secured joint venture equity and acquisition financing. Image courtesy JLL. A recently completed residential development in one of Jersey City’s up-and-coming neighborhoods has secured joint venture equity and acquisition financing just about two years after opening. JLL announced the deal for Jasmin Terrace II, a 56-unit,...
Bleu Coffee is hosting a 10th-anniversary bash at its Montclair location on September 27th. Image courtesy of Bleu Coffee. A coffee brand that has been holding it down for a decade will be hosting a celebration for the community in the coming days, as Bleu Coffee is having a free party...
The basics: Newport awards $2M in grants to 40 Jersey City nonprofits Grantees selected from 135 applications Newport commits $7M to local nonprofits over six years 600-acre waterfront development now has 20,000 residents, 50,000 workers Earlier this year, Newport Associates Development Co. announced it would mark its 40th anniversary in Jersey City with $1 million...
The penthouses at Liberty Towers showcase expansive views of the Hudson River and Manhattan Skyline. Presented by Liberty TowersRHO Residential offers a first look inside the transformed penthouse collection at Liberty Towers, where elevated interiors are complemented by an extensive suite of newly refreshed amenities.Written by Jersey Digs.sponsored--container{background: #fff !important; border-left:...
This listing is brought to you by ELR LLC. Want a listing featured? Email us, hello@jerseydigs.com. 271 Newark Avenue is perfect for an owner-occupant or investor. LOCATION!!! LOCATION!!! LOCATION!!! Rare Commercial Condo (With parking at rear) and former Doctor’s office right on Newark Avenue Downtown Jersey City – 271 Newark Avenue (by...
A 100,000-square-foot industrial facility in East Hanover recently secured $20 million in construction financing. CBRE announced arranging the funding on behalf of New Vernon Equities Sept. 22. Provident Bank provided the loan. The project will rise as part of the emergent Arena campus in the Morris County township. The development at 80 Arena...
A new 12,000-square-foot high-end gym will be coming to the ground floor at Radio Lofts next year. Image courtesy Hudson House. The rapidly growing northern edge of Downtown Jersey City will be getting a sprawling gym facility sometime next year as CULTR Athletic Club will be setting up shop in a...
Rendering of the retail portion of the project. Image via the application. A 16-story mixed-use complex will replace most of the historic Salvation Army building at Erie and 15th Streets after recent approval from the Jersey City Planning Board. Officials voted unanimously to approve a final site plan for the project,...
The basics: NJDEP fines DataOne $1.07M for air pollution violations Agency found 62 gas generators installed without required permits Vineland issued two stop work orders over construction permits DataOne website now lists 350 MW, approved plans call for 300 MW The New Jersey Department of Environmental Protection issued an Administrative Order and Notice of Civil...
49 Forest Lane, Building A, in Carneys Point — Courtesy: Rockefeller Group By Joshua Burd Rockefeller Group has filled one of two new industrial buildings in Salem County, leasing 530,000 square feet to a growing New Jersey-based logistics firm. The tenant, Metropolitan Warehouse and Delivery, recently took occupancy at the Carneys Point facility...
A speculative project by New Vernon Equities will bring 100,000 square feet of industrial space to the firm’s Arena campus off Route 10 in East Hanover. — Rendering courtesy: CBRE By Joshua Burd New Vernon Equities has secured a $20 million construction loan from Provident Bank for a 100,000-square-foot industrial building in...
This article is presented by Patrick Southern of SERHANT. Want a building featured? Contact hello@jerseydigs.com. One Jones Park: new condos near Hamilton Park in Downtown Jersey City. From its distinctive cast-concrete exterior to its Italian-crafted kitchens and marble baths, every element of One Jones Park has been thoughtfully considered. The eight-story condominium...
The area around Hudson County Plaza is being studied for a possible redevelopment plan that would rezone it for affordable housing development. Image courtesy of the Hudson County Improvement Authority. The first step has been taken to potentially transform a sprawling area containing parking lots and abandoned properties into affordable housing...
Corebridge Real Estate Investors and Kadima Industrial Partners have sold a 12-building, 840,000-square-foot industrial portfolio in Burlington, Camden, Gloucester and Passaic counties. — Courtesy: JLL By Joshua Burd A joint venture has sold 840,000 square feet of industrial space across four New Jersey counties, brokers with JLL announced, completing the deal after...
The basics: Benchmark Senior Living is rapidly expanding across New Jersey Three new senior living communities are underway High costs are limiting new senior housing supply Baby Boomers are reshaping senior living demand About a year after Waltham, Mass.-based Benchmark Senior Living entered New Jersey, it has made quick gains. Benchmark at Roseland is an...
The basics: Atlantic City Steel Pier coming to market for $85M 5-acre property includes 965-foot-long pier, amusement park Site has prior approval for a condo-hotel entertainment complex Riparian rights could extend the pier up to 2,850 feet into the Atlantic Ocean A Ferris wheel, built-in helipad, riparian rights, and prior condo-hotel approvals are coming to...
Feliz Deliz is now open at 336 Second Street and is offering custom-made cakes and other goodies. Image courtesy of Feliz Deliz. A business formed over four years ago has finally launched its first permanent home in Downtown Jersey City as Feliz Deliz is serving their locally famous carrot cake and...
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