Category Archives: Development
The flood gates burst open.. well kind of
As reported by Mobilizing the Region, in the last week of June 2009 the NJ State Legislature passed legislation amending the Urban Transit Hub Tax Credit program. The expanded tax credit program will provide a 100% corporate business tax credit … Continue reading
Filed under Development, Government
Is the NY/NJ Market oversaturated with arenas?
I recently came across this article in the Sports Business Journal by way of Develop Don’t Destroy Brooklyn. It is an interesting article and the first I have found that looks at the entire market and all of the arenas … Continue reading
Filed under Current Events, Development
Broad St. McDonald’s Reopens after $2mm in renovations
In case you hadn’t noticed, the McDonald’s on Broad Street is looking pretty sharp lately. About six months ago, last fall, McDonald’s closed this restaurant for a complete makeover. To begin with they scoured the marble on the front of the … Continue reading
Filed under Current Events, Development, Real Estate Market
Topping Off – the Red Bull Arena
The Red Bull Stadium across the river in Harrison has completed it steel construction and is beginning all the things that will make it look more like a stadium and less like a birds nest. Along with the village … Continue reading
Filed under Development
Making sense of Urban Transit Hub Tax Credits
Any one interested in development in New Jersey, urban or otherwise, has to be aware of the Urban Transit Hub Tax Credit program. This is a program initially passed by Gov. Corzine in December of 2007. The simple explanation is … Continue reading
Filed under Development, Government
Building Tops Out in Newark
From RE Business Online “THE LEAGUERS HEADQUARTERS BUILDING TOPS OUT NEWARK, N.J. — Construction has topped out on The Leaguers Headquarters and Head Start Building in Newark. In addition to housing the non-profit community organization’s headquarters office, the 48,000-square-foot building … Continue reading
Filed under Current Events, Development
Newark Updates Zoning Code
About a week or so the Planning Department of the City of Newark released amendments to the zoning ordinance. I have spent some time reviewing the changes and have to say it is a step in the right direction. Newark’s … Continue reading
Filed under Development, Government
Court to Iron Mountian, “You’re Out!”
While perusing the New Jersey Eminent Domain Law Blog early on this rainy Sunday morning, while my pregnant wife slept, I came across this interesting post. Eminent Domain, as many in NJ are all to familiar with, is the … Continue reading
Filed under Current Events, Development
Newark moving forward with redevelopment plans around Newark Liberty Airport
“Newark officials have taken the first steps in redeveloping some of the most troubled sections of the city’s air and sea ports, which when expanded and improved may lead to the creation of new businesses and jobs for residents.” I … Continue reading
Filed under Current Events, Development, Government, Real Estate Market
Russo Moving Forward in Kearny
See Full Article Looks like NJ Biz is catching up to report on the development Schulyers Crossing Development that I posted about here.
Filed under Development
Gov Corzine Shows Support for Pro Development Bills
See Full Article “Gov. Corzine further stated that he is “totally committed” to the urban hub concept . “It is how we rebuild Newark, Camden and our communities,” he said. The RAD bill, “without too much modification, is something I … Continue reading
Filed under Current Events, Development, Finance, Government
Newark’s Baxter Terrace is set to get a new life
“It is one of the city’s oldest housing complexes and one of its most visible, and therefore seen as critical to redevelopment efforts. “It’s the gateway to the central business district,” said Toni Griffin, Newark’s Director of Community Development.” See … Continue reading
Filed under Development
NJ Developer Acquires Industrial Site for Redevelopment Russo
Development LLC has acquired a vacant 190,000-square-foot warehouse site in Kearny, NJ, which is planned for a planned mixed-use redevelopment. The project is Russo’s second redevelopment in the city. The existing warehouse at the 7.5-acre site at Schuyler and Bergen … Continue reading
Filed under Development
City OK’s Two Center Street
See the Full Article Here “While Dranoff acknowledges the realities of the current economic climate, he tells GlobeSt.com, “we have been through economic cycles before and are confident that this, too, shall pass. When it does, we will be ready … Continue reading
Filed under Development, Uncategorized
Shovels in the Ground; What’s Next?
Interesting article from the current issue of Spotlight , from the RPA see full article “The bottom line is that a visionary transportation bill is likely to run through some pretty big, purple, rural states. Bringing together the senators from … Continue reading
Filed under Development
Two Center Street Project Among Top Priorities on City of Newark’s Economic Development Scorecard
This administration has been nothing if not welcoming to business and development. Corey Booker made that clear in his state of the city address. This press release reinforces that See Article Here. However, I have to wonder why they chose these … Continue reading
Filed under Development
Residential Development Moving Forward
Development has ground to a halt. There is no construction lending. there are no developers willing to take on the risks. Except in Newark… See Full Article Richardson Lofts which is being build near the southern end of Newark Penn … Continue reading
Filed under Development
Want Green Jobs? Build tall buildings & dense communities
Most people when they think ‘green’ or environmentally friendly don’t think dense urbanity or inner city, but, they should… This recent article from City Journal studies the difference in environmental impact of city dwelling vs suburban dwelling. The conclusions are eye … Continue reading
Filed under Development
A builder who added luster to Newark feels like an outsider again
After investing $250 million to bring two Newark landmark buildings back to life, and buying up acres of property to redevelop, Stern has found himself on the outside looking in when it comes to new plans for the downtown. The guy who took the first major risk has fallen out of favor. Continue reading
Filed under Development
Court Denies EnCap Golf Ch. 11 Motion
A controversial plan to build a massive mixed-use project on 800 acres of reclaimed landfills in the Meadowlands took another turn earlier this week when a US Bankruptcy Court judge dismissed a Chapter 11 reorganization motion filed by EnCap Golf … Continue reading
Filed under Development, Government, Uncategorized
