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Tag:
Real Estate Development
Colts Neck, NJ
Real Estate
$1B Netflix Studio Sparks Plans To Transform Route 35 Plaza
A long-struggling Jersey Shore shopping plaza is getting a second chance. TFE Properties, LLC has acquired Orchard Plaza, a 10-acre retail center on Route 35 South in Oakhurst, the company announced. The plaza, which first opened in 1980 as a booming retail hub, has faced growing vacancies over the years. Now, the East Windsor–based developer is planning a full-scale revival. “Monmouth County is an ever-growing destination for residents, vacationers, commuters, and businesses,” said Carey Tajfel, the president of TFE Properties. “And with the new Netflix production facility coming to the f…
New Canaan, CT
Real Estate
Own A Piece Of Richard Gere’s Former $10M New Canaan Mansion Salvaged From Demolition
Eight months after actor Richard Gere moved with his wife and their two children to her native Spain, the $10.75 million Connecticut mansion they once called home has been demolished. The 32-acre estate was torn down so developers could create nine separate housing lots. The move drew backlash from architectural preservationists and neighbors, but it’s also giving some buyers the rare chance to own salvaged pieces of the Colonial-style mansion once owned by Paul Simon. Hudson Valley House Parts, an architectural preservation company, was hired to remove and resell the most valuable features…
New Rochelle, NY
Business
Golf Simulator Lounge Coming To City Skyline In New Rochelle: Here's Where
A fast-expanding indoor golf brand is set to open a new location set inside a residential tower in Westchester. Golf Lounge 18 will open a 7,700-square-foot venue at One Clinton Park in downtown New Rochelle, master developer RXR announced on Tuesday, Aug. 12. The location, set to open in early 2026, will feature high-tech simulators, curated food and drinks, and a lively, social atmosphere aimed at golfers of all skill levels. Year-round experiences will also include corporate events, leagues, and casual play. View this post on Instagram …
New Canaan, CT
Lifestyle
Richard Gere Under Fire From Paul Simon's Daughter For Selling Her Former New Canaan Home
"Pretty Woman" star Richard Gere's decision to sell his Connecticut estate that once belonged to famed singer-songwriter Paul Simon has irked Simon's daughter enough to wish a curse upon him. Why such vitriol from the 30-year-old daughter of one half of the legendary duo Simon & Garfunkel? According to an Instagram story posted on Tuesday, July 8, by Lulu Simon, Gere promised to "take care of the land as condition of his purchase." This was particularly important to Simon, who has followed her dad into the music business, as her childhood pets are buried on the 32-acre property, l…
Livingston, NJ
Real Estate
Kushner Breaks Ground On New Development At Site Of Westminster Hotel In Livingston
Construction is officially underway on a major new residential project in North Jersey backed by a firm with ties to President Donald Trump. Kushner Companies, the real estate developer owned by Trump’s son-in-law Jared Kushner, broke ground on Thursday, June 26, on a 280-unit apartment complex at the site of the former Westminster Hotel. Located at 550 West Mt. Pleasant Ave., the new community will be called Livana Livingston, part of Kushner’s Livana residential brand. The property spans nine acres and includes the adjacent parcel where the former Somerset Regal Bank building once stood. …
Pascack Valley, NJ
Business
Lights Out: Bergen County Movie Theater To Shutter After Redevelopment Decision
It’s curtains for one of Bergen County’s last remaining independent movie theaters. Township Theatre in Washington Township will shut its doors for good on Thursday, July 31, owners Dave and Laura Rose said in a message shared Saturday, June 21. “The shopping center has made the decision to remove the movie theater to redevelop the space,” the owners said. It was not immediately clear what the redevelopment entails. Township Theatre first reopened in March 2021, rising from the shutdowns of the COVID-19 pandemic. Since then, it has become more than just a place to catch a film. It’s been …
Suffern, NY
Real Estate
Work Begins On Upscale Village With Apartments, Shops, Ice Rink In Tuxedo
A massive new luxury town center is rising in the Hudson Valley, bringing high-end apartments, shops, and public amenities to Orange County. Construction has officially started on Market Square and The Village Town Center at Tuxedo Reserve, a 1,200-acre development located in the town of Tuxedo near the Sloatsburg border, designer Aufgang Architects announced on Tuesday, June 10. The project, designed by Aufgang’s Aurae Luxury Division, will include 93 upscale rental apartments across four mixed-use buildings, with 38,000 square feet of ground-floor commercial space. The residential u…
Nanuet, NY
Business
Shops At Nanuet Rebrands With Housing Plans, New Businesses In Rockland County
A major Rockland County shopping center is getting a new name—and a whole new look. The Shops at Nanuet, located at 5101 Fashion Dr., has officially been rebranded as Nanuet Town Centre, launching a fresh chapter for the longtime retail space with big plans for events, entertainment, and even new places to live, the shopping center announced on Monday, May 5. The update follows a change in ownership. Nanuet Holdings DE LLC bought the property at the end of 2024 and has since begun transforming the site into a full-scale lifestyle hub, where visitors can shop, eat, gather, and eventually liv…
Ocean City, NJ
Real Estate
$25M Beachfront Resort Approved For Ocean City — All It Needs Is A Developer
A developer’s dream is officially on the market — and it's just steps from the sand. The Soleil Resort, a fully approved $25 million luxury condo-hotel planned for one of Ocean City’s last remaining beachfront lots, is now up for grabs — and the only thing missing is someone ready to build it. Located at 1101 Ocean Ave., right next to the historic Flanders Hotel, the project includes 111 luxury two- and three-bedroom units, all roughly 1,100 square feet with balconies and either ocean, bay, or pool views. The site comes with a CAFRA permit and planning board approval already in hand, meanin…
Southeast-Brewster, NY
Real Estate
'Lesser Evil,' Owned By Dad Of Alleged
Doge
Staff Member, To Move Into Brewster Property
A fast-growing, CT-based snack brand owned by the father of a 19-year-old allegedly working with Elon Musk's new Department of Government Efficiency has secured a massive new distribution facility in Putnam County, expanding its presence in the Northeast. Lesser Evil, a Danbury, Connecticut-based company known for its organic and minimally processed snacks, has signed a 303,100-square-foot lease at Lincoln Logistics 84x684 Crossings in Brewster, according to real estate developer Lincoln Equities Group (LEG). The facility, located near major highways I-84, I-684, and Route 7 and finished in…
Hackensack, NJ
Real Estate
Inside Ora: Brand-New Hackensack Mixed-Use Building Nearly Ready To Start Leasing
Hackensack’s downtown renaissance continues with the grand opening of Ora. The stunning 270-unit mixed-use community at 321 Main St. will soon offer luxury studio, one, and two-bedroom units. Executives from The Hampshire Companies, along with project partners Russo Development and Riverbank Management LLC, were joined by Hackensack Mayor John Labrosse and Deputy Mayor Kathleen Canestrino for the ribbon-cutting ceremony last month. Ora stands seven stories tall at the intersection of Main and Berry streets, the former site of Oritani Bank, and is managed by Russo Property Management.…
Port Chester, NY
Real Estate
Work Begins On 12-Story Residential, Retail Building In Port Chester
Construction has begun on a 12-story building that will bring more homes and retail space to a Westchester village. A groundbreaking ceremony was held for 146 Westchester Avenue in Port Chester on Tuesday, Dec. 17, according to developers. Developers added that the planned development will contain 223 residential units as well as ground-level retail space. Construction is expected to be finished by Q4 of 2026.
Yorktown, NY
News
New Townhouse Community Planned In Yorktown Moves Closer To Approval
A proposed over-100-unit adult townhouse community that would generate a large amount of property taxes for a Northern Westchester school district has cleared a major hurdle. The Yorktown Town Board has approved a zoning change for a proposed 118-unit, age-restricted townhouse development at the Catharine Field Home property on Catherine Street, officials announced on Monday, Dec. 16. The project, led by developer Toll Brothers, would sit on a 50.5-acre parcel and include a clubhouse, pool, roads, and a stormwater management system as part of the new age 55+ community. The plan follows mor…
North Salem, NY
Obituaries
Memorial Planned For Beloved Real Estate Developer From North Salem After Sudden Death
Friends and loved ones will soon gather to remember the legacy of a prolific New York real estate developer and Williams College graduate who spent years redeveloping industrial properties and transforming communities in the process. A memorial is set to be held on Saturday, Nov. 9 to celebrate the memory of Joseph Cotter, a resident of the Northern Westchester County hamlet of Purdys in North Salem, who died on Monday, Oct. 25 at the age of 66 following a heart attack. The service will be held at 10 a.m. at the Robert Halmi Sr. Academy of Film and Television, located at 463 Hawth…
Trenton, NJ
Politics
Meet Andy Kim, Curtis Bashaw: NJ Politicians Vying For Menendez's Former Seat
Rep. Andy Kim, D-NJ and Curtis Bashaw, a business owner, are running for Sen. Bob Menendez's old senate seat after the disgraced senator resigned following his conviction on felony corruption charges. Here's a little bit about the two candidates: Kim has represented New Jersey's 3rd congressional district since 2019. He jumped into the race upon Menendez's indictment and fended off a challenge from First Lady Tammy Murphy, whose campaign struggled, forcing her to drop out before the primary. Kim's lasting impact in the race may be upending New Jersey's controversial "line" system. A j…
New Rochelle, NY
Real Estate
Work Nears Completion On 28-Story Apartment Tower In New Rochelle
Developers marked a significant milestone in the construction of a 28-story residential tower in the downtown section of a Westchester County city. A "topping out" ceremony was held on Friday, Sept. 20 to celebrate the completion of the final floor of 247 North Avenue, an upcoming apartment tower in downtown New Rochelle developed by LRC Construction. The development will include 307 luxury rental apartments in studio to two-bedroom layouts, with 31 of these units reserved for households earning 80 percent of the area median income. The tower will also feature 1,800 squar…
Cliffside Park-Edgewater, NJ
News
Edgewater Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud
Fred Daibes, a 67-year-old real estate developer previously convicted of bribing disgraced New Jersey Sen. Bob Menendez, pleaded guilty to bank fraud on Thursday, Sept, 5, authorities said. The former CEO and chairman of the board of directors at Mariner's Bank pleaded guilty in Newark federal court to making false entries in connection with a $1.8 million loan from his bank in 2008, US Attorney Phillip Sellinger said. Daibes said the line of credit was for someone else, when it was actually for his benefit, Sellinger said. The loan said the source of repayment would be from the p…
New Rochelle, NY
Real Estate
Work Nears Completion On 27-Story Apartment Tower In New Rochelle
The superstructure of a 27-story luxury apartment tower located in the downtown area of a Westchester County city has been completed. The topping off of 33 Westchester Place in downtown New Rochelle, a tower that will contain 315 luxury apartments, was held on Monday, Aug. 19, according to developer Allstate Ventures. Work on the 27-story tower originally began in May 2023. When it is completed, the development will have 110 studios, 161 one-bedroom units, and 44 two-bedroom units. Each unit will boast built-in appliances, quartz counters, tiled walk-in showers,…
Lakewood, NJ
Real Estate
Luxury Hotel Replacing 3 Motels In Jersey Shore Borough Long-Reputed As Party Town
A Jersey Shore town that gained a reputation for being one of the best places to party while down the shore is getting a rebrand. And it's in part due to a luxury hotel set to replace three of the motels in Seaside Heights that haven't exactly been helping the family-friendly atmosphere. In a 6-0 vote last month, Seaside Heights council members approved the designation of a Boston-based redeveloper for the hotel, to be built on the Lincoln Avenue and Ocean Terrace lots where Dry Dock, Glendale, and Surfside motels currently stand. The firm, 6M Development, shared a brief description of the…
Port Chester, NY
Real Estate
5-Story Multifamily Residential Building Coming To Heart Of Port Chester
A five-story residential building containing more than 150 apartment units is set to be built in the center of a Westchester County village in close proximity to a Metro-North train station. The 1.44-acre development, to be known as the Station Lofts, will be located in Port Chester at 67 New Broad St. Developed by global real estate investment manager Hines and Toronto-based real estate investment manager Peakhill Equity Partners, the five-story building will include 180 studios, one-bedroom, and two-bedroom homes. The development will also have three levels of parking includi…
Newark, NJ
News
Ex-Deputy Mayor Of Newark Admits Taking $25K Bribe In Restaurant Bathroom: Feds
Carmelo Garcia, who previously served as deputy mayor of Newark and one term in the state General Assembly, admitted to taking $25,000 in bribes, federal authorities said. Garcia, 49, pleaded guilty to conspiring with two Newark business owners to obtain corrupt payments intended to influence and reward him for assisting them with the acquisition and redevelopment of various city-owned properties while serving on the Newark Department Economic and Housing Development, U.S. Attorney Philip Sellinger said. Between 2017 and 2019, Garcia sought and received significant mone…
Newark, NJ
News
Long-Vacant North Jersey Movie Theater Finally Getting Its Happily Ever-After
After several years of vacancy, a Montclair movie theater will soon be brought back to life. The Tudor-style Bellevue Theater in Upper Montclair has sat vacant since the prior operator's lease ended 2017, but at a meeting on Monday, June 10, redevelopment plans were unanimously approved. Bellevue Theater in Montclair. Google Maps The plans call for transitioning one of the four theaters into retail, there by connecting Upper Montclair Plaza to the retail of Bellevue, "a great win for all," said a spokesperson for RHG Architects + Design, who are working on the project. The…
Quincy, MA
Business
'Bittersweet': Popular Quincy Diner To Close This Summer After Legal Battle
A popular Quincy diner that has been a South Shore staple for years announced this week that it will close this summer rather than continue to fight with its new landlords. The Wheelhouse Diner posted a lengthy message on its Facebook page on Wednesday, May 15, explaining that the 453 Hancock Street restaurant would close on June 30. Owner LeeAnn Vieira McDonough called the decision to close "bittersweet," but said she plans to go "out with a bang." I love the Wheelhouse. My children grew up here and now work with me. I have watched other people’s children grow up here. I have …
Marlton-Evesham, NJ
News
Fate Of NJ Funeral Home Listed For $750K Raises Fears Among Locals
A concerned group of citizens in a quaint South Jersey town is hoping to change the fate of a shuttered funeral home steeped in history that's been put up for sale. The house at 334 Chester Ave., in Moorestown dates back to 1886, and was most recently the Lankenau Funeral Home. The funeral home sold the property to developers in 2022 for approximately $650,000, then, the developer subdivided the property and sold off a half-acre for a new home. The funeral home and an acre-and-a-half of land is what remains, and is listed at $750,000 on Zillow. "We're trying to preserve the…
Middletown, NJ
Business
$500 Million Open-Air Redevelopment Of Monmouth Mall Begins
A more than $500 million project to transform a Monmouth County mall into an open-air town center has officially begun, officials said. A groundbreaking ceremony was held on Thursday, May 9 at the Monmouth Mall in Eatontown, developer Kushner said in a news release on Monday, May 13. The mall will be redeveloped into a modern center with luxury apartments, new retail options, and medical office space called Monmouth Square. Kushner said the project to "de-mall" the property off Route 35 will bring a new purpose to the historic Monmouth Mall, which has been open for 64 years. …
Poughkeepsie, NY
Lifestyle
New Apartments With Work-From-Home Amenities Coming To Hudson Valley
By this summer Hudson Valley residents looking for an apartment will have a chance to check out a new development customized for the work-at-home lifestyle. Located in Dutchess County in the town of Poughkeepsie 44 Springside, is the brainchild of Tinkelman Architecture to bring the latest in contemporary living with a five-story, mixed-use building. The building will have 28 apartments and include a top-floor community room, gym, event/workspace, and rooftop terrace as well as an indoor swimming pool on the ground floor. The company said the apartments offer expansive windows wood veneer …
North Hunterdon, NJ
Business
Popeyes, Arby's Replace Former NJ Supermarket, 'Huge Crowd' Expected
Fast food fans in Warren County have waited long enough. A Popeyes and an Arby's are opening at 680 Memorial Pkwy. in Phillipsburg, at the site of a former Ahart supermarket. The Popeyes will be hosting a ribbon cutting ceremony on Friday, Jan. 12 at 4 p.m. while the Arby's will be opening on Tuesday, Jan. 16. Zach Liptak, owner of Phillipsburg-based ZRL Real Estate and Construction oversaw the project, which began in June 2022 when the original supermarket was torn down. Construction began last August and Liptak said they got the okay to open at 10 a.m. Friday morning. "I cannot tell you …
Albany, NY
Politics
Time For Longtime 'Eyesore' In Capital Region To Be Demolished, County Legislators Say (Poll)
After looming high above New York’s capital city for nearly a century, this local landmark may have finally worn out her welcome. Members of the Albany County Legislature are calling for Albany’s 11-story Central Warehouse building to be demolished following years of repeated failed attempts to rehabilitate the building. In a letter to Gov. Kathy Hochul and other state and federal leaders, Legislators Frank Mauriello and Paul Burgdorf requested that any public funds spent on “Albany’s greatest eyesore” go toward tearing it down and “starting from scratch.” “Though it once served as ‘an imp…
Middletown, NJ
Business
NJ Mall Is Getting Major Overhaul Complete With Luxury Apartments, Outdoor Entertainment Space
A major redevelopment of Monmouth Mall is about to begin, transforming the shopping center into luxury apartments, new retail options, and a town center. The developer, Kushner — with headquarters in Florham Park and New York City — is planning to convert the 64-year-old mall on Route 35 in Eatontown into a large attraction called Monmouth Square. Kushner's chief development officer Michael Sommer said the redevelopment will turn the mall inside out by tearing down indoor halls to create an open-air concept, with demolition set to begin in March. The intent is to …
Mahwah-Ramsey, NJ
Business
Mahwah's Sheraton Hotel Closes After Nearly 40 Years
The last guests have checked out. The Sheraton Hotel in Mahwah, which opened in 1986, officially shut its doors on Thursday, Dec.14, to be replaced by two warehouses at the 1 International Blvd. site. The 22-story hotel was the tallest structure in the township. "It's been a big part of our town for 37 years," Mayor Jim Wysocki said. "I was here when it was built. It was part of our family." The Sheraton employed many residents while also being the go-to spot for parties and weddings, Wysocki said. "It was a major part of our township," Wysocki said. "It's going to be tough."…
Norwalk, CT
Business
Historic Norwalk Bank Building Reimagined Into Healthcare/Banking Center
A historic Fairfield County bank building has been transformed into a modern state-of-the-art medical facility, with easy access for residents, while maintaining a branch of the bank inside. The transformation took place in Norwalk at Wells Fargo Bank at 637 West Ave. in Norwalk for Stamford Health, said Michael Serrao, chief operating officer of Seligson Properties. The $20 million renovation was designed to reposition the existing three-story, 27,000 square-foot building built in 1955 into 24,000 square feet of medical office space for multi-specialty care and physical therapy on the…
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