New Jersey

Woodmont, CBD Open Leasing at WoodBrook at Randolph in New Jersey

by Lynn Peisner July 23, 2025

RANDOLPH, N.J. — Woodmont Properties and Canoe Brook Development have launched leasing for WoodBrook at Randolph, a 199-unit community in Randolph, 40 miles west of Manhattan. The codevelopers broke ground in March 2024. WoodBrook at Randolph consists of a four-story, mid-rise building that houses 97 traditional units. The remaining residences are in townhome-style buildings. Amenities include coworking spaces, a resort-style pool, a game den with a sports simulator and a fitness center and yoga room.

July 23, 2025

Development New Jersey News Northeast

Marcus, Sterling and Danbro Close Deal for $104 Million New Jersey Development

by Lynn Peisner July 16, 2025

WATCHUNG, N.J. — Boston-based real estate investment and development firm Marcus Partners has joined the team constructing Blue Hill at Watchung, a 230-unit property in Watchung. Sterling Properties and Danbro Properties started the project, and completion is slated for December 2026. Blue Hill at Watchung, located 33 miles southwest of Manhattan, is set on about 42 acres. The property will feature six buildings and an amenity clubhouse with a resort-style pool, fitness center, coworking spaces, indoor-outdoor lounges, a dog park and a golf simulator. Approximately 20 acres of the site …

July 16, 2025

Investment Sales New Jersey News Northeast

Woodmont Properties Sells New Jersey Community for $43 Million

by Lynn Peisner July 16, 2025

INDEPENDENCE TOWNSHIP, N.J. — Sage Investment Real Estate Advisors has arranged the $43 million sale of Woodmont Liberty Apartments in Independence Township 60 miles west of New York City. Sage’s co-founding Partners Steve Tragash and Greg Pine represented the seller, Woodmont Properties, and procured the unnamed buyer. Woodmont Properties developed the property in 2023. The 120-unit community is comprised of one- and two-bedroom floor plans. Amenities include smart-home technology, private patios or balconies in select units, a fitness center, pool, clubhouse, coworking spaces, resident lounge, dog park and an outdoor …

July 16, 2025

Development Leasing & Marketing New Jersey News Northeast

JAG Opens J Centra Near Philadelphia

by Lynn Peisner July 14, 2025

BURLINGTON TOWNSHIP, N.J. — Jefferson Apartment Group (JAG) has begun leasing J Centra in Burlington Township, about 23 miles east of Philadelphia. The 500-unit property includes 100 units designated as affordable. Income restrictions were not disclosed. Individual buildings are opening gradually, about once per month starting in July, and the property will be fully complete in 2026. J Centra is operated by JAG’s property management division. SpringHarbor Financial Group and H.I.G. Realty Partners are joint venture and equity partners, respectively, with financing provided by United Bank. This development marks JAG’s …

July 14, 2025

Development Finance New Jersey News Northeast

Kaplan Cos. Locks in Construction Financing for Sayreville, New Jersey, Project

by Lynn Peisner July 10, 2025

SAYREVILLE, N.J. — JLL Capital Markets has arranged a $36 million construction loan on behalf of Kaplan Cos. The Highland Park, New Jersey-based, family-owned developer is using the loan to finance construction of Camelot on Main, a 142-unit property in Sayreville, about 34 miles south of Midtown Manhattan. Provident Bank provided the funds. Kaplan has already begun site work, having spent about $5 million on the project so far. Construction is slated for completion in 2027. Camelot on Main will feature 134 market-rate and eight affordable units within six buildings. …

July 10, 2025

Development New Jersey News Northeast

Partnership Breaks Ground on $400 Million Jersey City Development

by Lynn Peisner July 3, 2025

JERSEY CITY, N.J. — A partnership between New York-based developer The Albanese Organization, BXP (NYSE: BXP) and Boston-based investment manager CrossHarbor Capital Partners has broken ground on 290 Coles Street, a $400 million multifamily development in Jersey City. Completion is slated for spring 2028. In addition to its namesake thoroughfare, the 1.7-acre site in the West SoHo neighborhood, which spans a full city block, is bounded by Jersey Avenue and 16th and 17th streets. Plans call for 670 apartments, 60,000 square feet of indoor and outdoor amenity space and 13,000 …

July 3, 2025

Investment Sales New Jersey News Northeast

CBRE Negotiates Morris Plains, New Jersey, Sale

by Lynn Peisner July 1, 2025

MORRIS PLAINS, N.J. — CBRE has arranged the value-add sale of The Highlands at Morris Plains, representing the undisclosed seller and procuring the buyer, a partnership between Shamah Properties and Sagard Real Estate. The asset price was not disclosed. CBRE’s team was led by Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer. The Highlands at Morris Plains was built in 2003 and includes 116 units and such amenities as a clubhouse with a fitness center, a dog run, a courtyard with grills, package lockers and a 175-space parking deck.

July 1, 2025

Development New Jersey News Northeast

KRE Group Completes Valley View Park in East Hanover

by Lynn Peisner June 12, 2025

EAST HANOVER, N.J. — Kushner Real Estate (KRE) Group has completed construction of Valley View Park, a 239-unit community in East Hanover, about 27 miles west of New York City. Handel Architects designed the community in collaboration with Major Architects and Minno & Wasko Architects and Planners. There are more than 40 different floorplans available, and monthly asking rental rates start at approximately $2,500. All buildings at Valley View Park face a central green. Amenities include a pool, outdoor fireplaces, grills, outdoor dining areas and an outdoor bar, a gaming …

June 12, 2025

Development New Jersey News Northeast

The Silverman Group Breaks Ground on The Estates At Short Hills

by Lynn Peisner June 9, 2025

MILLBURN TOWNSHIP, N.J. — The Silverman Group, a real estate owner, investor, developer and manager based in Basking Ridge, N.J., has begun constructing The Estates at Short Hills about 30 miles west of New York City. Michels & Waldron Associates is the architect for the project, with construction by Silver Line Development. The 62-unit, four-story building will feature 10 one-bedroom, 49 two-bedroom and three three-bedroom residences. Amenities include a rooftop terrace, outdoor courtyard, fitness center, resident lounge and game room, package and mail rooms and garage bike storage. The first …

June 9, 2025

Development Leasing & Marketing New Jersey News Northeast

Garden Communities Completes Phase I of Lofts at Princeton

by Lynn Peisner June 4, 2025

PRINCETON, N.J. — Locally based developer Garden Communities has completed the first phase of construction of Lofts at Princeton and is now leasing. The 154-unit community is about halfway between New York City and Philadelphia. Floor plans are offered as one- through three-bedroom layouts with monthly asking rents currently averaging $2,399. The community is being developed in three phases and will include a grand total of 656 apartments upon full completion, the date of which was not disclosed. Units feature patios or balconies, stainless-steel appliances and bathrooms with large vanities …

June 4, 2025

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