Tag:

Development

Jersey City, NJ
Business
90-Year-Old Jersey City Hot Dog Spot Forced Out For Whole Foods: Report 90-Year-Old Jersey City Hot Dog Spot Forced Out For Whole Foods: Report
90-Year-Old Jersey City Hot Dog Spot Forced Out For Whole Foods: Report One of Jersey City’s oldest food landmarks is facing an uncertain future after nearly 90 years in business. Boulevard Drinks, a longtime Journal Square staple known for its hot dogs and sandwiches, said it is being asked to leave its current location to make way for a new development. “After 90 years of continuous service to the Jersey City community we are now being asked to vacate our historic home to make way for a new development,” the post by longtime owner Effie Bardis said. “The old Jersey City is losing a right of passage.” Manager Victor Victoratos told ABC7 that the new develope…

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by Cecilia Levine
Long Beach Island, NJ
News
LBI Mini Golf Course Tied To $17M Fraud Case Hits Market For $5.7M LBI Mini Golf Course Tied To $17M Fraud Case Hits Market For $5.7M
LBI Mini Golf Course Tied To $17M Fraud Case Hits Market For $5.7M A well-known Long Beach Island property home to a popular mini golf course is now on the market for $5.7 million. Jen’s Links at Lighthouse Cove, located at 501 Broadway in Barnegat Light, sits on more than 1.18 acres of bayfront land in the center of the borough, the listing shows. The property, reffered to in the listing as Lighthouse Cove at Barnegat Light, can be purchased with the current 36-hole mini golf business or has the potential for development with up to seven prime single-family lots, according to the listing.  The property's former Pennsylvania owner, Scott Mas…

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by Cecilia Levine
Paramus, NJ
Real Estate
NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive
NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive New Jersey’s luxury real estate market was thrown into turmoil after lawmakers passed a sweeping mansion tax bill on Monday, June 30, shifting the state’s high-end realty transfer fee from buyers to sellers and adding steep new tiers up to 3.5%. Under the new law, Assembly Bill 5804, sellers of homes over $1 million will absorb what had historically been a 1% buyer-paid fee, with significant increases for higher-value properties. The rates for sellers rises to: 2% over $2 million 2.5% over $2.5 million 3% over $3 million 3.5% over $3.5 million That means a seller of a $4 million home will …

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by Cecilia Levine
Paramus, NJ
Real Estate
$25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex $25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex
$25M Sale Will Transform REI Lot In Paramus Into Multi-Family Apartment Complex A $25 million real estate deal will bring more than 400 apartments to a site next to Bergen Town Center in Paramus, officials said. JLL Capital Markets announced the sale of the Bergen Town Center Land Site, where a 426-unit multifamily complex will be developed along Forest Avenue near Route 4. The buyer was a joint venture between Russo Development, LLC and KRE Group. The site was sold by Urban Edge Properties, JLL said in the release. The project will roll out in two phases: one with 166 units and the second with 260. Both will offer four stories of apartments over two to three leve…

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by Cecilia Levine
Rockville, MD
Business
'One-Of-A-Kind' Development Opportunity In Prime I-270 Location Heading To Auction 'One-Of-A-Kind' Development Opportunity In Prime I-270 Location Heading To Auction
'One-Of-a-kind' Development Opportunity In Prime I-270 Location Heading To Auction A highly sought-after 2.09-acre parcel of land with unmatched visibility along I-270 is set to hit the auction block on in the coming days.  Located off Exit 8 at Redland Road in Rockville, Maryland, this property is a developer’s dream, offering extensive frontage in one of the busiest and most lucrative corridors in the Washington, DC, metropolitan area. Boasting Mixed-Use Employment (MXE) zoning, the site allows for a wide range of potential uses, including hotels, restaurants, retail stores, medical or dental facilities, offices, indoor entertainment, and private education centers.…

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by Zak Failla
Cherry Hill, NJ
Business
Proposed Hotels, Upscale Restaurant Will Transform Vacant Cherry Hill Land Proposed Hotels, Upscale Restaurant Will Transform Vacant Cherry Hill Land
Proposed Hotels, Upscale Restaurant Will Transform Vacant Cherry Hill Land Two hotels and a restaurant will be built on a largely vacant strip of land in Cherry Hill, officials said. The 11-acre site contains a Magic Car Wash, former gas station and quarry. It's considered a prime location for development because it's on Route 70 West just 11 miles from Philadelphia. The project includes two five-story hotels: a 120-room Hampton Inn & Suites and 131-room Residence Inn by Marriott, according to plans by KM Hotels of Richmond, VA, the developer. There will be a small "upscale" restaurant with a full-scale bar, KM Hotels said in its proposal. “The zoning b…

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by Jon Craig
Armonk, NY
Real Estate
Mixed-Use Property To Be Built In Armonk: Here's Where Mixed-Use Property To Be Built In Armonk: Here's Where
Mixed-Use Property To Be Built In Armonk: Here's Where A groundbreaking will soon be held for a new mixed-use property in Northern Westchester that will be composed of several businesses, including a new sports facility.  The groundbreaking event will be held on Tuesday, July 16 for a property located in Armonk at 100 Business Park Dr., according to its developer, South Florida-based-Basis Industrial.  The site, which Basis Industrial purchased in Spring 2023, will include an 82,400-square-foot Extra Space Storage; a 26,550-square-foot Sportime pickleball facility; and an 8,000-square-foot warehouse facility for Jan-Tile, which alread…

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by Ben Crnic
Edison, NJ
News
$200 Million Healthcare Center Breaks Ground At NJ Transit Station $200 Million Healthcare Center Breaks Ground At NJ Transit Station
$200 Million Healthcare Center Breaks Ground At NJ Transit Station A new $200 million health and wellness center is hours away from breaking ground at none other than a NJ Transit station. The Hackensack Meridian Health facility will break ground Friday, March 8 at the New Jersey Transit Metropark Station in Iselin. The first of its kind, the center is expected to be completed by 2025. Gov. Phil Murphy is expected to join hospital, transportation and other elected officials as well as developers at an 11 a.m. ceremony, according to a hospital press statement. It's billed as the first accessible health and wellness center at a major transit hub nation…

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by Jon Craig
New Rochelle, NY
News
New Rochelle City Hall Moving Downtown For First Time In 55 Years New Rochelle City Hall Moving Downtown For First Time In 55 Years
New Rochelle City Hall Moving Downtown For First Time In 55 Years New Rochelle Mayor Noam Bramson threw a curveball during his annual “State of the City” address, announcing that City Hall would be moving from its longtime home on North Avenue back to a new downtown address. With “the most ambitious downtown redevelopment in New Rochelle history” well underway in Westchester, Bramson announced on Thursday that City Hall would be relocated to a new site downtown, to the base of a high-rise development on Harrison Street. “(This move) will put the people’s house back in the heart of our city, right between Main Street and Huguenot Street, bringing employees…

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by Zak Failla
Eastchester, NY
Real Estate
New York Times Tabs Tuckahoe A 'Growing Village' New York Times Tabs Tuckahoe A 'Growing Village'
New York Times Tabs Tuckahoe A 'Growing Village' TUCKAHOE, N.Y. -- The Village of Tuckahoe is getting its moment in the spotlight. The New York Times recently profiled Tuckahoe, highlighting its affordability and development. Tuckahoe is a mix of people who have lived there their whole lives and younger people attracted to its small town feel and proximity to the city, according to the Times. Marbledale Avenue, which was home to industrial sites, is getting a facelift with a 19-unit luxury condominium complex and a 153-room Marriot. Tuckahoe has about 700 single-family houses, 550 condo units in eight complexes; 300 co-op apartments in f…

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by Sam Barron