
2024 NJBIZ Commercial Real Estate Power List
NJBIZ STAFF//November 4, 2024//
2024 NJBIZ Commercial Real Estate Power List
NJBIZ STAFF//November 4, 2024//
Driven by a commitment to affordable housing, Cangelosi serves as senior vice president of development for Camden-headquartered The Michaels Organization, the premier owner, operator and developer of multifamily housing in the country. He brings more than 15 years of experience to this role – utilizing his expertise in land acquisition, community engagement and entitlement. He leads the company’s East Coast development pipeline, managing its Caribbean, Mid-Atlantic, Northeast and Southwest offices.
Earlier this year, the company cut the ribbon on the second of four phases in a $165 million redevelopment of Camden’s oldest public housing community, Ablett Village. The property is the eighth affordable housing community that Michaels has redeveloped in Camden over the past 12 years.
“Michaels is honored to have been entrusted with building yet another beautifully equipped, energy-efficient, and affordable community for Camden’s older adults,” said Cangelosi. “We strive to make all of our homes more than just a place to hang a hat. The Harrison, in particular, is geared toward individuals who want to stay active and connected while having easy access to some of the best medical care around. We thank our long list of partners who made today possible – we couldn’t have done it without you.”
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