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Urban Redevelopment

$3M+ Sale: Hackensack Strip Mall Near Hospital Changes Hands Amid Downtown Growth $3M+ Sale: Hackensack Strip Mall Near Hospital Changes Hands Amid Downtown Growth
$3M+ Sale: Hackensack Strip Mall Near Hospital Changes Hands Amid Downtown Growth A multi-tenant commercial strip mall in Hackensack has sold for more than $3 million. The property at 341-345 Essex Street sold for just over $3M, reinforcing investor confidence in Bergen County’s retail market, according to a press release from Jorge Aviles, who represented the buyer in the acquisition of the neighborhood retail center. The property is located along Essex Street, minutes from Hackensack Meridian Health University Medical Center, one of the largest healthcare institutions in the region. The hospital generates consistent daily traffic from employees, patients, and visi…
New Tallest Building Opens On Yonkers Waterfront With 250 Apartments New Tallest Building Opens On Yonkers Waterfront With 250 Apartments
New Tallest Building Opens On Yonkers Waterfront With 250 Apartments A city in Westchester County has a new high point in its skyline.  Yonkers officials marked the opening of Hudson 44, a 27-story residential tower at 44 Hudson St., now the tallest building in the city, Mayor Mike Spano announced Wednesday, Jan. 14. Rising along the city’s waterfront, the development adds 250 residential units, including 25 designated as affordable housing, according to the mayor. The project represents one of the largest recent residential investments in the city’s ongoing waterfront redevelopment.  The building includes a mix of studio, one-, two-, and three-be…
$1M To Go Towards Housing For Young Adults Aging Out of Foster Care In Peekskill $1M To Go Towards Housing For Young Adults Aging Out of Foster Care In Peekskill
$1M To Go Towards Housing For Young Adults Aging Out of Foster Care In Peekskill A landmark downtown building in a Westchester County city will soon take on new life as affordable housing and community space, thanks to $1 million in funding secured by elected officials.   The funds will support a Children’s Village-led redevelopment of the historic New York State Workers’ Compensation building at 41 N. Division St. in Peekskill, New York State Senate Majority Leader Andrea Stewart-Cousins and State Senator Pete Harckham announced on Friday, Sept. 19. Plans call for 22 apartments—10 of which will be reserved for young adults between 18 and 25 who have aged…
Washington Commanders Returning To DC: See What $2.7B Stadium Will Look Like Washington Commanders Returning To DC: See What $2.7B Stadium Will Look Like
Washington Commanders Returning To DC: See What $2.7B Stadium Will Look Like The Washington Commanders will build a new stadium in a major redevelopment on the site of the NFL team's former home for decades. The Commanders officially announced plans for a $2.7 billion domed stadium at the former site of Robert F. Kennedy Memorial Stadium on Monday, April 28. The move means all of DC's major sports teams will have their home venues within the borders of the nation's capital. The new stadium is expected to open in 2030 and will occupy just 11% of the 180-acre site, leaving room for housing, green space, hotels, and retail. "We are thrilled to welcome the Command…
Over 300 Homes, Hotel, Retail Space Set For Waterfront Makeover In New Rochelle Over 300 Homes, Hotel, Retail Space Set For Waterfront Makeover In New Rochelle
Over 300 Homes, Hotel, Retail Space Set For Waterfront Makeover In New Rochelle A long-anticipated plan to transform New Rochelle’s waterfront into a thriving mixed-use community is moving forward following the approval of the site plan, officials announced. Pratt Landing, a landmark redevelopment project along the Long Island Sound, will turn a former industrial brownfield into a vibrant residential, commercial, and recreational hub. The project will include more than 300 residential units, a hotel, over 40,000 square feet of commercial space, and a revitalized New Rochelle Naval Armory, which will provide veterans housing and community spaces, city officials announced…
New Rochelle Reveals Plans To Transform Downtown, Create 'Lively Retail Environment' New Rochelle Reveals Plans To Transform Downtown, Create 'Lively Retail Environment'
New Rochelle Reveals Plans To Transform Downtown, Create 'Lively Retail Environment' A city in Westchester has unveiled plans to redevelop its downtown with new shopping, dining, and entertainment, and create a new district.  In an announcement on Wednesday, Oct. 16, New Rochelle officials detailed its new Downtown Retail Strategy, which aims to create more bustling streets, job opportunities, and increased visitation to the city.  The plan includes the creation of the Vanguard District, which encompasses the area bounded by LeCount Place, Main Street, North Avenue, and Huguenot Street. The area will be a "vibrant hub" of retail, dining, and entertainmen…
Shuttered Wedding Venue One Step Closer To Becoming First Grocery Store For NJ Town Shuttered Wedding Venue One Step Closer To Becoming First Grocery Store For NJ Town
Shuttered Wedding Venue One Step Closer To Becoming First Grocery Store For NJ Town One New Jersey town is about to get its first full-fledge supermarket in decades, and it'll be replacing a longtime wedding venue. Lidl is nearly complete with demolition to Snuffy’s Pantagis Renaissance, the more than 80-year-old wedding venue along Route 22 in Scotch Plains that shuttered sometime during the pandemic, according to Tom Strowe, the towns' director of redevelopment. Strowe struggled to remember the last time Scotch Plains had its own grocery store. The closest ones now are the ShopRite in Watchung or South Plainfield, Aldi in South Plainfield, or perhaps Trader Joe…
Historic Jersey City Matzo, Tea Factories Redeveloped In  $121.5 Million Deal (PHOTOS) Historic Jersey City Matzo, Tea Factories Redeveloped In  $121.5 Million Deal (PHOTOS)
Historic Jersey City Matzo, Tea Factories Redeveloped In $121.5 Million Deal (Photos) A luxury home developer is partnering with a New York City company to develop a Jersey City condominium community located in an area formerly home to the historic Manischewitz matzo factory and Great Atlantic and Pacific Tea Company warehouse. Toll Brothers and Sculptor Capital Management will be developing the 34-story 259-unit building at 151 Bay St., in Jersey City. Located within the Powerhouse Arts District in Jersey City, 151 Bay St. is being financed through a $121.5 million construction loan from Wells Fargo. The development will consist of 259 studio- to three-b…
Atlantic City Auctions Chance To Blow Up Trump Casino Atlantic City Auctions Chance To Blow Up Trump Casino
Atlantic City Auctions Chance To Blow Up Trump Casino Atlantic City officials have reached an agreement with the developer who bought the former Trump Plaza Casino to demolish the structure next month. After years debating the fate of the abandoned main tower, the date for its implosion is Jan. 29 -- nine days after the 2021 U.S. Presidential Inauguration, Atlantic City Mayor Marty Small said. On Wednesday, Small announced that his city is auctioning off a chance to blow up Trump's former casino with dynamite -- with the mayor predicting bids to top $1million Auction proceeds will be donated to the Boys & Girls Club of Atlantic City. …
Revolutionary War Building Is Part Of A Proposed 200-Unit Apartment Complex Revolutionary War Building Is Part Of A Proposed 200-Unit Apartment Complex
Revolutionary War Building Is Part Of A Proposed 200-Unit Apartment Complex A proposal to turn a Revolutionary-War-era manufacturing building into an apartment complex has been filed in the Blackstone River Valley Heritage Corridor. Developer Douglas Backman has proposed renovating the 50,000-square-foot Steelcraft Building in Millbury into a mixed-use building with two adjacent apartment buildings, according to documents filed with the town’s planning and development department. The renovation is expected to cost $50 million. The development is called Singletary Arms and would include 197-198 residential units, 2,400-square-feet of restaurant space, and 10,000-sq…
Industrial Contamination Cleanup Effort In Chicopee Gets $300K Industrial Contamination Cleanup Effort In Chicopee Gets $300K
Industrial Contamination Cleanup Effort In Chicopee Gets $300K Chicopee is getting $300,000 to help clean up environmentally damaged places in the Willimansett, industrial area. Among the sites slated for clean-up are the Spalding sports equipment manufacturing facility on Meadow Street and properties along the North Chicopee Street Corridor, said Congressman Richard Neal. The money is coming from the U.S. Environmental Protection Agency’s “brownfields” program, which provides funds for areas that have been severely polluted. To be named a brownfield property, the area has to be available for demolition, redevelopment or other reuse once the environme…
Garden State Plaza Reveals Overhaul Plan Garden State Plaza Reveals Overhaul Plan
Garden State Plaza Reveals Overhaul Plan The Westfield Garden State Plaza that many shoppers have come to know and love could have a very different look. The mall's owners recently revealed a plan to repurpose three vacant spaces at the mall and bring a new downtown to Paramus, according to report by NorthJersey.com and the USA Today Network. A redevelopment of the mall's former J.C. Penney, Uniqlo and freestanding Best Buy will kick off the project as the first phase, the report says. Three acres of green space connecting the mall to the residential building -- to be constructed on a Paramus Road parking lot -- will be one …
ON3: What You Need To Know About Clifton's Next Generation, Self-Contained Lifestyle Hub ON3: What You Need To Know About Clifton's Next Generation, Self-Contained Lifestyle Hub
ON3: What You Need To Know About Clifton's Next Generation, Self-Contained Lifestyle Hub A redevelopment group is working to transform the former Hoffmann-LaRoche campus in Passaic and Essex counties into a self-contained, next-generation lifestyle hub. An L-shaped, luxury hotel complete with rooftop dining and views of the New York City skyline is the latest project slated for ON3, a 116-acre campus along Route 3 straddling the Clifton-Nutley boarder already home to several tenants. "ON3 represents New Jersey’s largest contemplated redevelopment," according to redeveloper Prism Capital Partners, LLC, which you may recognize from its work on the landmark six-story warehous…