SEETHE10MOSTAMAZINGREALESTATEPROJECTSTHATCOULDCHANGETHEFACEOFN.J.OriginallyseenonNJ.com|Wri4enbyJoeAtmonavage

PeoplemaybeleavingNewJerseyindrovesinrecentyears,butthathasn'tstoppeddevelopersfromproposingandbuildingmajordevelopmentsinthecountry'smostdenselypopulatedstate.

Developershavenotbeendeterredbecausewhilepropertytaxesmayalsobeskyhigh,theGardenStateisalsooneofthewealthieststatesinthenaHonandhastheulHmatepipeline:publictransportaHonwithaccessintothemajoreconomichubofNewYorkCity.

Acommonthemeofmanyofthesedevelopments,whetheritisadevelopmentpracHcallybuiltaroundaPATHstaHoninJerseyCityoronecenteredaroundaferrystaHon,istheiraccessintoManha4an.

Buttherearealsodevelopmentssca4eredthroughoutnontradiHonalcounHesandboroughsthatwillrevitalizetheirregionsandprovidemorehousingandcommercialopHonsforresidents.

Someofthesedevelopmentare10yearsfrombeingcompleted,butoncethesearealltoppedoff,NewJerseywillhavethousandsofnewhousingunitsandmillionsofsquarefeetofcommercialandofficespacethatwillplayaroleinthefutureofthestate.

KREGroup

ThreetowersinJerseyCity

AsJerseyCitydevelopmenthasexplodedinrecentyears,muchofithasbeencenteredaroundthecity'sdowntownandwaterfront—unHlnow.Inthespringof2017,thefirstphaseofatrio

oftowersopenedintheJournalSquareneighborhood.TheyaredevelopedbyKREGroupanddubbedJournalSquared.

Thefirstphaseisa54-storytowerwith538units.Theothertwophases,71storiesand63storiestall,willbring1,200moreunitstothedevelopment,withamixofhigh-endameniHesandcommercialspace.

ReenaRoseSibayan|TheJerseyJournal

TheviewsofManha4anarecertainlyasellingpointofthedevelopment(phototakenfromthe53rdfloorofphaseone),butakeyfactoristhedevelopment'sproximitytothePATHstaHon,whichisjuststepsaway.

KREGrouppresidentJonKushnerhasnotsetadefiniHvedateforwhenallthreetowersaresettobecomplete,butthesecondphase,whichrecentlybrokeground,isscheduledtobefinishedin2021.

iStar

AsburyParkwaterfrontredevelopmentproject

AsburyParkisnolongerjustthehomebaseofrocklegendBruceSpringsteen.NoShoretownhasseenthelevelofrevitalizaHonasAsburyParkhasinrecentyears.AndthatisevenbeforethemulH-billiondollarredevelopmentplanbyiStarhasbeencompleted.

Theredevelopmentplan,describedbyiStaras"oneofthemostsignificantredevelopmentseverundertakenontheEasternSeaboard,"consistsofmorethan20individualprojects.However,themainprojectsare:

• TheAsburyHotel,a110-roombouHquehotelthatopenedinJuly2016.Itwasthecity'sfirstnewhotelinmorethan50years.

• TheMonroe,astylish34-unitcondominiumbuildingalsoopenedin2016.

• AsburyOceanClub,a17-storywaterfrontmixed-useprojectwitha54-roomhoteland130condos.

• AsburyLanes,theiconicJerseyShorebowlingalleyandmusicvenue,whichiStarrefreshedandreopenedlastyear.

WhileiStaristhemasterdeveloperofthewaterfrontarea,localdeveloperTripBrookshasproposeda24-unitbouHqueluxurycondominiumbuildingat215FirstAve.

KevinMazur|Ge4yImages

"There'saloveforthatbehindthisproject.We'reminingtheincrediblehistoryandone-of-a-kindcharactertoamplifywhat'salreadyhere."DavidBowd,ofSaltHotels,whichoperates

AsburyLanes,haspreviouslysaid."Wehaveaonce-in-a-lifeHmeopportunitytocaptureAsburyPark'sincrediblesenseofplace."

NorthAmericanProperHes

Thelargestongoingmixed-useprojectintheU.S.

In2017,aprojectnamedRiverton,whichhasbeenlabeledasthebiggestmixed-usedevelopmentcurrentlyinthecountry,wasannouncedalongthebanksoftheRaritanRiverinSayreville.Theproject,whichislocatedon418acres,willbring2,000housingunitsandmillionsofsquarefeetofoffice,commercialandretailspacetothecurrentlyvacantland.

However,the$2.5billionprojectisnosurething.NorthAmericanProperHes,thedeveloperoftheproject,isnotthefirsttotakeastabatthelandthatwasoncetheNaHonalLeadplant.Fornearlyadecade,O'NeillProperHes,aPennsylvania-baseddeveloper,triedtoremediatethetoxicsite,butulHmately,neverstartedverHcalconstrucHonbeforetheywereboughtoutbythefinancieroftheproject,PrudenHal.

MarkToro,themanagingpartnerofNorthAmericanProperHes,hassaidthecompleHonofthedevelopment,whichwouldtakeoveradecade,isa"heavylil"andisnoguarantee.However,ifcompleted,thisiswhatthedevelopmentwouldbringtoMiddlesexCounty:

• 1.5millionsquarefeetofretail

• 1.95millionsquarefeetofoffice/commercialspace

• 800,000squarefeetinhotels/conferencecenter

• 400-slipmarinaalonga3-milewaterfront

• 500unitsofsingle-familyhomes

• 1,500mulH-familyunits

Theprojectcouldbecompletedinphasesoverthenext10years.

CaitlinMota|TheJerseyJournal

RiverbendDistrict,Harrison

Likemanyofthedevelopmentsonthislist,theongoingdevelopmentinHarrisoniscenteredaroundpublictransportaHonandachancetooffercheaperhousingthanNewYorkCity.TheRiverbendDistrictdevelopmentisnexttoRedBullArenaandadjacenttotheHarrisonPATHstaHon,anareathatwillcatertoyoungprofessionalsintheregion.

DeBartoloDevelopment,anaHonaldevelopmentcompany,andAdvanceRealty,aNewJersey-basedrealestatecompany,havepartneredtodevelopfiveblocksofthedistrict,whichwillulHmatelybehometo2,600apartmentsand20,000squarefeetofretailspace.

CaitlinMota|TheJerseyJournal

PicturedisalookinsideSteelWorks,aluxuryapartmentbuildingthatincludesroboHcfurnitureinsomeunits.

ChrisMonroeForNJAdvanceMedia

WaterfrontdevelopmentinWeehawken/WestNewYork

Foryearsalertheshippingyardsclosed,thewaterfrontthatrunsfromWeehawkentoWestNewYorkwasneglected.Butnow,tonosurpriseconsideringitslocaHontopublictransportaHonandbeingastone'sthrowawayfromManha4an,theHudsonCountyciHesaretwooftheho4estrealestatemarketsinthestate,parHallybecauseofthePortImperialdevelopment.

CenteredaroundthePortImperialFerryTerminalinWeehawken,herearesomeofthemajorbuildingsthathaveshapedthedevelopment:

• 1000AvenueatPortImperial,74-unitcondobuildinginWeehawken.

• 1200AvenueatPortImperial,103-unitcondobuildinginWeehawken.

• Avora,an11-story,184-unitluxurycondominiumcomplexinWeehawken.

• NineontheHudsoninWestNewYork,13-story,278luxuryapartmentbuildingopenedinJune2018.Pricesrangefrom$600,000'sto$3.7million.

• LuxuryapartmentbuildingsRiversEdgeandRiversParcinWeehawken,aswellasRiverbendinWestNewYork.

Filephoto

AccordingtoZillow,homevaluesinWeehawkenhaveincreasedmorethan70percentto$770,000sinceJanuary2012.Concernshavebeenraisedaboutthehigh-enddevelopmenthappeningalongthewaterfrontthathaspromptedpropertyvalues(andsoontaxes)toskyrocketforgeneraHonalfamilieslivingatopthePalisades.

ChinaOverseasAmerica

Thesoon-to-be-tallestbuildinginNewJersey

JerseyCity'sskylineisconstantlychangingasdevelopersraidthehotmarket,anditwillsoonhaveanewaddiHonthatwillbring781residencestothearea.At76stories,itwillbethenewtallestbuildinginthestate.PicturedaboveisarenderingofthetowerfromJ.OwenGrundyParkinJerseyCity.

InaddiHontothenearly800housingunits,99Hudsonwillhave65,000squarefeetofamenityspace,includinganoutdoorpoolwithasundeck,aspa,anindoorandoutdoorloungewithbarbecueareas,afitnesscenterwithayogaandpilatesstudio,achildren’splayroomandadogrun,accordingtoCurbed.

TerrenceT.McDonald|TheJerseyJournal

Thesignificanceof99Hudson(lel)isnotjustthatitisNewJersey'snewtallestbuilding,butitmarks,accordingtoSouthChinaMorningPost,thefirstU.S.investmentbyChineseOverseaHoldings,asubsidiaryoftheChinaStateConstrucHonEngineeringCorporaHon,thelargestconstrucHoncompanyintheworldbyrevenue.ItcouldbeasignofmoreChineseinvestmenttocomeinJerseyCity.

“WeselectedJerseyCitybasedonitsdevelopingreputaHonasacentreforartsandculture,itsproximitytosomeofthelargestfinancialinsHtuHonsintheworldsuchasGoldmanSachsandBankofAmericaMerrillLynch,anditspotenHalforlong-termeconomicgrowth,”saidCindyXu,chairwomanofChinaOverseasAmerica,theU.S.divisionofChinaOverseasHoldings,saidinanewsrelease.

Theprojectwillbecompletedin2019.

TripleFive

AmegamallinEastRutherford

OneofthemosthypeddevelopmentprojectsinrecentNewJerseyhistory,theAmericanDreammega-mallintheMeadowlandshaspromisedeconomicrevitalizaHontoEastRutherfordsincetheprojectlaunchedin2003.

However,aslewofissueshavearisenforthemall,whichisnowbeingdevelopedbyTripleFiveGroup,thethirddevelopertotakeonthe90-acresitealeriniHalapprovalwasgivenbytheNewJerseySportsandExposiHonAuthorityfordevelopment.

Amongtheissuesarethedevelopmentalplanschangingandthefinancingoftheproject,includingalong-delayed$1.15billionbondsalethatwasneededtofinancethemulH-billiondollarproject.

Foryears,NewJerseyresidentshavebeenhearingaboutthea4racHonsthemallwillhave,includinganindoorthemeparkandwaterparkaswellasavarietyofstoresandaminiaturecityforchildren,buthavebecomereluctanttobuyintothehypebecauseofyearsofsetbacks.

ButaccordingtopreviousreporHngbyNJAdvanceMedia,TripleFivehassaidmostofthemallisontargettoopeninthespringof2019.Anddon’tworry,therewillbewaterslides.

WesUnghousePlant

InNewark,thelatestdevelopmentproposedinthestate’slargestcityasittriestobecomeahubformillennialsisa$1billionmixed-useproject.

The2million-square-footdevelopment,whichincludestwotowersandanoutdoorplaza,willhaveoffice,retailandresidenHalspaces,accordingtopreviousreporHngbyNJAdvanceMedia.

SJPProperHesandAetnaRealty,thetwopartnersdevelopingtheproject,didnotreturnphonecallsonthestatusoftheproject,butDavidBrakaofAetnaRealtypreviouslysaidthe3.7-acresiteis"oneofthebestdevelopmentopportuniHesinacitycurrentlyexperiencinganunprecedentedrevitalizaHon."

AmandaBrown

PicturedistheWesHnghouseplantin2004.Thefactorythatmadeelectricalproductsshutdowninthe1980s,andsincebeingdemolishedin2008,noonehassuccessfullyredevelopedthesite.

AvalonBay

PrincetonJuncUonTransitVillage

LikeotherdevelopmentsthroughoutNewJersey,arecentlyproposed$300millionprojectinWestWindsoriscenteredaroundatransitopHon.

Describedasa“transformaHveprojectforWestWindsorandCentralNewJersey,”themixed-usedevelopmentcenteredaroundthePrincetonJuncHontrainstaHonwillconsistof800residenHalunits,a120-roomhoteland37,000squarefeetofcommercialspace,saidRonLadell,aseniorvicepresidentwithAvalonBay,themasterdeveloperofthesite.

Ladellsaidthedevelopmentwillhave“mulHpleaudiencesforthistypeofcommunity.”Hesaiditwilla4ractpeoplewhoalreadycommutetoPrincetonJuncHonandwilluHlizetheretailopHons,butalsoforpeopleinterestedinlivingstepsfromapopulartrainstaHon.Ofthe800units,550willberental,100willbeseniorlivinghomesandtheother150willbetownhomes.

The24-acresiteiscurrentlyoccupiedbyvacantofficebuildingsandadecayingparkinglot.LadellsaidAvalonBaywillbesendingoutrequestsforproposalsinthecomingweekstopartnerwithdevelopersontheproject.HesaidheexpectsAvalonBaytohaveasiteplanapprovedbytheendoftheyearandforconstrucHontobeginin2020.

VermellaUnion

LocatednearKeanUniversity,thismixed-useprojectissettobring1,264upscaleapartments,consisHngofone-,two-andthree-bedroomrentalunits,accordingtothedeveloper’swebsite.

Thedevelopment,whichwillbedoneinmulHplephases,islocatedclosetoUnion’strainstaHonand“containsexquisitecommunityameniHesalongwithlifestyleretail."CommunityameniHesincludeabasketballcourt,aclubhouse,afitnesscenter,apoolandconciergeservices.

AccordingtoJerseyDigs,aNorthJerseyrealestatewebsite,thedevelopmentwillhaveanareacalledShoppesatVermellaUnionthatwillhave40,207squarefeetofretailspace.

Accordingtotheproject'swebsite,thedevelopmentwillbecompletedin“Fall2019-2020.”