Redevelopers break ground on former Turtle Back Inn site

Redevelopers break ground on former Turtle Back Inn site

WEST ORANGE, NJ — Redevelopers George Garas of Garas Development and Raghav Varma of Varma RE Development broke ground Dec. 11 at 555 Northfield Ave. in West Orange. The site of the former Turtle Back Inn, which sits directly across the street from the Turtle Back Zoo and Codey Arena, will be redeveloped into The […]

Nutley mayor expresses concerns about ON3 plans

NUTLEY, NJ — On Dec. 3, Nutley Mayor Mauro Tucci released the following open letter to Nutley residents regarding ON3, the redevelopment project headed by Prism Capital Partners at the former Hoffmann–La Roche campus in Nutley and Clifton:   In early October, the Nutley Board of Commissioners voted unanimously to adopt phase III of the […]

Prism receives final site plan approval for build-to-suit medical office at ON3

Prism receives final site plan approval for build-to-suit medical office at ON3

NUTLEY / CLIFTON, NJ — Construction is scheduled to begin in the first quarter of 2021 on a build-to-suit medical office building at Prism Capital Partners’ ON3 campus, according to a Dec. 2 press release. The firm received final site plan approval this fall for the 80,000-square-foot facility, which has been pre-leased by Hackensack Meridian […]

Redeveloper named as ‘influencer’

WEST ORANGE, NJ — Prism Capital Partners, the developer of Edison Village in downtown West Orange, has been named an “Influencer in Multifamily Real Estate” by GlobeSt./Real Estate Forum, a leading industry trade publication. Prism’s redevelopment of Thomas Edison’s historic Invention Factory and Commerce Center encompasses 21 acres on Main Street and is the flagship […]

Orange redeveloper secures $9.75M construction loan

ORANGE, NJ — PEEK Properties has secured $9,750,000 in construction financing for the first of three new-construction Qualified Opportunity Zone multifamily properties in the city of Orange. PEEK, a commercial real estate investment, development and management company, focuses on traditional development as well as recently approved opportunity zone projects throughout New Jersey’s urban submarkets. The […]

Council restarts redevelopment process at Executive Drive

Council restarts redevelopment process at Executive Drive

WEST ORANGE, NJ — The West Orange Township Council passed two resolutions that restart the redevelopment process at Executive Drive at its Sept. 22 meeting, 11 days after an appellate court halted the previous plan with a unanimous decision from three judges. The new resolutions start the redevelopment process over: one authorized the West Orange […]

PEEK Properties nears completion William Street apartments

PEEK Properties nears completion William Street apartments

EAST ORANGE, NJ — PEEK Properties, a New Jersey-based urban-focused multifamily developer, owner and operator, is nearing completion of East Orange’s newest Class A apartment building at 475 William St., featuring 39 one- and two-bedroom units, according to an Aug. 27 press release. Redevelopment of the site, which previously housed a vacant building for three […]

Medical school wins NJBIA Award for Nutley redevelopment

Medical school wins NJBIA Award for Nutley redevelopment

NUTLEY, NJ — The Hackensack Meridian School of Medicine has won an award for its redevelopment of the former U.S. headquarters of pharmaceutical giant Hoffmann-La Roche into New Jersey’s newest medical school — a hub of learning for the state’s future doctors. The school won the New Jersey Business and Industry Association’s New Good Neighbor […]

East Orange senior apartments to be redeveloped

East Orange senior apartments to be redeveloped

EAST ORANGE, NJ — National affordable housing developer Community Preservation Partners announced Aug. 7 its first rehabilitation project in New Jersey: a $123 million overhaul of the Norman Towers senior apartments in East Orange in a joint venture with L+M Development Partners. CPP and L+M purchased the property for $94 million and will invest more […]

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