Tulfra Real Estate held a groundbreaking for The Delford in Rochelle Park. Pictured from left: Seth Levy, Sordoni Construction; Michael Klein, Jon Mikula and Ryan Carroll, JLL; Robert McKee, Provident Bank; Sonny Jumani, Tulfra Real Estate; Bert Coelho, Mulhern + Kulp Structural Engineering; Salvatore Frassetto, Tulfra; Daniel Kee, Mulhern + Kulp; Debbie Gregg, Sills Cummis Gross; Adam Alexander, Bohler; Cecilia Lassiter, Sills Cummis Gross; Michael St. Pierre, SESI Consulting Engineers – TULFRA REAL ESTATE
Work began on a new apartment building in Rochelle Park recently, with Tulfra Real Estate‘s groundbreaking for The Delford.
The real estate and development company, which is based in the municipality, said Dec. 7 that JLL Capital Markets arranged a $34.8 million construction loan from Jersey City-based Provident Bank to start building.
Coming to 120 W. Passaic St. – with completion anticipated in 2024 – the six-story multifamily development will include 160 one- and two-bedroom residences.
According to Tulfra, Provident Vice President of Commercial Real Estate Robert McKee represented the bank, while JLL Senior Managing Directors Michael Klein and Jon Mikula represented the borrower in this transaction.
Amenities on tap
The Delford is set to include:
• high-end finishes • state-of-the-art appliances • on-site concierge • lounge space • rooftop terrace • coworking offices • fitness center • swimming pool with lounging deck and BBQ grills • covered parking in a two-story garage
The project is part of Tulfra’s Village Center of Rochelle Park, a mixed-use redevelopment project with 8,000 square feet of retail and a 100,000-square-foot self-storage facility. According to the firm, the latter component has since been sold to a sector operator, Columbia Self Storage.
Located directly adjacent to the Westfield Garden State Plaza shopping mall, The Delford will also offer ample connectivity to major roadways, including Routes 4, 17 and 208; Interstate 80; and the Garden State Parkway. New York is a 15-minute drive away via the George Washington Bridge, and public transportation options are available along Routes 4 and 17.
In a statement, Tulfra President and CEO Sonny Jumani expressed gratitude for the financing team. “Provident Bank has provided financing for many Tulfra projects over the past 20 years, and we value our relationship highly,” he said.
An aerial rendering for Arsenal Trade Center coming to 50 S. Minisink Road in Sayreville. – TRAMMELL CROW CO.
Trammell Crow Co. and joint venture partner CBRE Investment Management announced plans for a more than 1 million-square-foot industrial development in Middlesex County in June. Now, work is officially underway on the Arsenal Trade Center.
The partners held a groundbreaking Sept. 19 for the property coming to 50 Minisink Road in Sayreville, TCC announced Sept. 27.
“The size, scale and high-quality design of Arsenal Trade Center are unique attributes in this market that we believe will be attractive to today’s modern logistics user,” Andrew Mele, managing director of Dallax-based TCC’s Northeast Metro office, said in a statement. “We look forward to our continued partnership with CBRE IM and CBRE and to delivering Arsenal to the market next year.”
The Trammell Crow team marks the start of construction on the Arsenal Trade Center in Sayreville with a groundbreaking held Sept. 19, 2022. – TRAMMELL CROW CO.
TCC also announced a $100,000 donation to Middlesex College at the event. According to TCC, the funds will go toward scholarships for students majoring in architecture and engineering, construction, supply chain or logistics. They’ll also be used as a workforce grant for students seeking certificate training in construction, supply chain or logistics.
Situated on a 74-acre site, the three-building industrial development is scheduled to be completed in late 2023. The rear-loaded facilities will include 284,341 square feet, 341,833 square feet and 451,602 square feet, respectively. Each offers car and trailer parking, 40-foot clear heights, full-site circulation and multiple points of ingress and egress.
“We’re proud to celebrate this exciting milestone with our partners at Trammell Crow as this development is designed to meet the critical demand for high-quality, well-located logistics spaces in one of the nation’s busiest logistics corridors,” said Mary Lang, head of Americas direct logistics strategies for CBRE Investment Management. “Once completed, we believe that the Arsenal Trade Center will effectively meet the needs of key occupiers in the region and become a central hub for their modern logistics strategies.”
New construction in the industrial sector is designed to meet unprecedented levels of demand in the state, which have kept vacancy rates at historic lows as rents tick up.
Princeton’s KSS Architects is designing the project; RC Andersen LLC, with offices in Fairfield, is acting as the general contractor. A CBRE team of Thomas Monahan, Larry Schiffenhaus, Stephen D’Amato and Ben Shapiro are marketing and leasing the property.
Coming soon: A 7-Eleven with gas pumps is expected to debut at Cedar Village in Hanover this winter. – JMF PROPERTIES
Cedar Village is getting a new convenience store that will also offer gas as construction starts on a new 7-Eleven at the Hanover Township retail center.
JMF Properties and partner RD Management LLC announced the beginning of work on the project Sept. 6, which will result in a 4,000-square-foot outlet and gas canopy with eight pumps for a total 16 fueling positions.
One of those pumps will offer diesel fuel, according to the partners, and the site will also include self-service air and vacuum.
JMF Properties founder and Principal Joe Forgione said the project is expected to be completed this December.
“This brand new 7-Eleven will provide Morris County residents with a convenient new option for their shopping and fueling needs,” he said in a prepared statement. “Along with our partner, RD Management, we identified 7-Eleven as a business that would thrive in this location and contribute a desired service to local residents and motorists, including visitors to Mennen Arena as well as contractors and other professionals who make frequent trips to Lowe’s. We’re thrilled to announce this groundbreaking and look forward to the success of the business for many years to come.”
Lowe’s is the anchor tenant at the 19-acre Cedar Village complex located at 230 E. Hanover Ave., across the street from the Mennen Sports Arena recreation center. According to the project partners, the addition of the 7-Eleven will further distinguish the retail offering, which is located on a heavily traveled road that connects to communities including Morris Plains, Florham Park and Morristown, in addition to roadways like Routes 24 and 202 and Interstate 287.
Transit-oriented
JMF’s transit-oriented, multifamily properties have been busy in 2022, with the lease up of its newest “Clarus” luxury-branded community in Glen Ridge, which hit 100% occupancy less than six months after opening for pre-leasing.
The company says two additional rental communities are expected to open in the next year: The American, with direct access to the Morris Plains train station; and Clarus Berkeley Heights, located next to the Berkeley Heights train station.
“We are excited to bring such a well-liked national tenant to the market on a full scale …,” RD Management Principal and President Richard Birdoff said in a prepared statement. “The new location on East Hanover Avenue will allow for easy access to the community and those traveling on Routes 202 and 287.”
The Cedar Village retail center, and future home of 7-Eleven, occupy space that was once owned by aerospace and defense company Northrop Grumman. After its exit in 1985, the property remained vacant until N.J.-based JMF and RD, which calls New York home, partnered to remediate the site and raise Cedar Village. The developers have partnered on a number of other projects as well, including Harbor View Marketplace in Bayonne and Waterview Marketplace in Parsippany.
Currently, the companies are transforming the former Colgate-Palmolive campus in Morris Township into Morris Marketplace, in partnership with Accurate and DeVimy Equities, with more joint projects planned for the pipeline.
BASF expects to debut a new 5-acre park along the Passaic River in East Newark in two years. – BASF
The East Newark Riverfront Park that broke ground at the end of last week drew a who’s who of attendees to celebrate the effort along the banks of the Passaic River, which marks the first retributive action at the Diamond Alkali Superfund site, which was added to the National Priorities List in the 1980s.
Global chemical company BASF, which maintains its U.S. headquarters in Florham Park, broke ground on the 5-acre project Aug. 12. It’s the result of a first-of-its-kind restoration settlement with federal natural resources trustees to mitigate obligations associated with damages resulting from legacy contamination.
The work will convert a former industrial property into a park with green space and recreation options – including those that allow visitors to walk or bike along the riverfront – and wildlife habitats. The latter is a rarity, BASF pointed out, in dense, urban settings.
BASF said it expects the park to be completed in two years.
The project is a result of coordination and support from the U.S. Department of the Interior, the National Oceanic and Atmospheric Administration, the New Jersey Department of Environmental Protection and the Borough of East Newark. In June, the U.S. Department of Justice finalized an Interim Settlement and Crediting Agreement for the creation of the park, allowing for the start of construction.
The Crediting Agreement will apply to BASF’s liability as one of more than 100 parties whose past activities potentially contributed to contamination and natural resource damage related to the the Diamond Alkali site and, to a lesser degree, the Berry’s Creek Study Area. BASF is the first potentially responsible party to propose early, proactive restoration to address a portion of these alleged natural resource damage liabilities. Under terms of the agreement, the company would earn $73.5 million in credit to offset its alleged liability once the project is completed, and if terms of the Crediting Agreement are met.
Under the agreement, BASF is funding the design and construction of the East Newark Riverside Park and arranging for its long-term maintenance.
“We’re pleased this property will be restored and returned to the community as a multi-use ecological space,” BASF North American President Tobias Dratt said in a statement. “Converting the vacant property to a park will benefit the environment and allows the public to connect with the waterfront by opening many new possibilities for recreation, learning and community engagement.”
The park is being designed to support biodiversity and will house pollinator gardens, a meadow, wooded areas and native grasslands. The setting will offer a habit to migratory birds, bats, butterflies and small mammals.
Among those in attendance to celebrate was First Lady Tammy Murphy.
“I am honored to join the residents of East Newark as we celebrate today’s BASF groundbreaking. The East Newark Riverfront Park is a welcome addition to the many beautiful parks and attractions that the Garden State has to offer,” Murphy said. “This park will serve as a gathering place for the community of East Newark and all those who visit this historic city. This project has been years in the making and I look forward to enjoying it upon completion.”
U.S. Sen. Robert Menendez also cited the benefits the project will bring to the area.
“This new park will enhance the community and improve quality of life for residents and wildlife,” he said. “The park will bring residents together and allow families to reconnect and enjoy recreation and nature. I thank Mayor Dina Grilo for her leadership and ensuring this project gets off the ground.”
“I’d like to welcome you all to a historic day for New Jersey Transit, its customers and our region. A day that’s been almost 110 years in the making for many of us,” said NJ Transit President and CEO Kevin Corbett as he kicked off the Monday groundbreaking ceremony for the new Portal North Bridge in Kearny.
Gov. Phil Murphy led a bevy of federal, state and local officials and stakeholders commemorating the start of the project to replace the 111-year-old crossing.
Other dignitaries at the Aug. 1 ceremony included U.S. Department of Transportation Secretary Pete Buttigieg; U.S. Sens. Robert Menendez and Cory Bookers, Democrats from N.J.; New Jersey Department of Transportation Commissioner Diane Gutierrez-Scaccetti; Amtrak Chairman Anthony Coscia; International Union of Operating Engineers Local 825 Business Manager Greg Lalevee; New Jersey State Building and Construction Trades Council Hudson County Council President Patrick Kelleher; in addition to members of the New Jersey congressional delegation, state lawmakers and others.
Gov. Phil Murphy delivers remarks at the ground breaking for the new Portal North Bridge in Kearney Aug. 1, 2022. – EDWIN J. TORRES / NJ GOVERNOR’S OFFICE
“You don’t get a lineup like this unless something great is about to happen,” said Murphy. “And to be sure, something great is about happen. Because today is the day that the construction of the new Portal North Bridge, one of the most critical connection points along the entire Northeast Corridor, begins in earnest.”
Corbett noted that this will not be a 20-year project, either.
“The first track to this new bridge is scheduled to open in 2026,” he said. “And I know that quite a few of my fellow commuters who have that date marked on their calendar.”
As Murphy introduced Buttigieg, he pointed out that this project – after many delays and hurdles – is just the starting line for infrastructure investment and construction centered around the Gateway Program, which has broader goals to build a new set of rail tunnels and double rail capacity between New Jersey and New York.
“Today, we take the next great step of putting shovels into the ground so that this bridge could finally become a reality,” said Murphy. “Finally, the most important infrastructure project in the entire nation is being kicked off.”
Buttigieg said that we are entering into a true infrastructure decade. He pointed out that the current bridge reflects the very finest of President Theodore Roosevelt-era engineering and that it is time for an upgrade.
“Sometimes when this bridge needs to be closed after its opening, workers have to get out their sledgehammers and pound the rails back into alignment,” said Buttigieg. “That’s where we are. It would be frustrating anywhere, but it’s not acceptable at the busiest bridge in the country. This project turns the Portal North Bridge from a choke point to an access point.”
He added that the project modernizes the way that people and goods get to and from this region, which is responsible for 20% of America’s economic product every year.
Building up
Shovels hit the ground in Kearney to celebrate the start of work on the new Portal North Bridge. – EDWIN J. TORRES / NJ GOVERNOR’S OFFICE
The new Portal North Bridge will rise 50 feet over the Hackensack River – allowing marine traffic to pass underneath with no rail interruptions – and include a modern two-track, high-level, fixed span bridge to improve service and capacity. It will replace the current 111-year-old swing bridge, which has caused riders countless delays and disruptions.
“Over the years, this critical piece of infrastructure has evolved from a transit marvel into a transit nightmare,” said Menendez. “Simply put, the Portal Bridge is a choke point on the busiest stretch of rail in America. It is a choke point on the future, and we deserve better. Today we turn the page.”
Menendez said the project, which will be funded by the U.S. Department of Transportation, New Jersey, New York and Amtrak, is about much more than rail and metal and steel.
“It will spare hundreds of thousands of passengers each day from malfunctions and delays,” said Menendez. “For travelers, it will mean less time stuck on a track and more time with their families and loved ones, and at their destinations. For our region, it will help us double rail capacity between Newark and Manhattan as part of the broader Gateway program. And for our communities, this project is directly tied towards more jobs, higher wages and greater productivity.”
Booker said the groundbreaking is the culmination of an effort that has spanned years.
“If you are a New Jerseyan, there are good days in Jersey. There are bad days in New Jersey,” said Booker. “But this is a great day in New Jersey. If you are a New Jersey commuter, this is a great day. If you are a New Jersey taxpayer, dear god, all the money we give to the federal government. It’s about time we see more of it coming back.”
Work is finally underway to replace the old Portal North Bridge, pictured here, which occasionally requires manual manipulation – by way of sledgehammer – to get things moving again. – EDWIN J. TORRES / NJ GOVERNOR’S OFFICE
Officials also stressed that the project will also be a source of good-paying union jobs.
“The Hudson County Building & Construction Trades Affiliates are excited for this project,” said Kelleher. “Not only is this great for our state, but for our skilled Union Workers to secure steady work and income at this time of our state of economy.”
“The ripple effect of a job like this is profound. The workers involved in this project are grabbing their part of the American Dream all because of what these public officials have brought here today,” said Lalavee. “On behalf of operating engineers, my fellow craft workers, and all the workers associated with this – we’re happy to get to work and we’re ready to get to work. That’s why we greet today with such enthusiasm.”
“Construction of a new bridge will not only create approximately 15,000 jobs and add billions of dollars to our local economy but, most importantly, it will provide safe, reliable service for all Northeast Corridor commuters between Washington, D.C., and Boston for generations to come,” said Corbett.
“I hope that this bridge will not only bring people to work and loved ones to where they need to be but brings renewed confidence in our ability to get things done together,” said Buttigieg.
“The esteemed elected officials, transportation executives, and union members gathered here today to celebrate a national milestone are evidence of what we can achieve when we band together as Americans in pursuit of a common purpose,” said Murphy.
“The new Portal North Bridge symbolizes our lasting legacy and our commitment to the welfare and prosperity of all New Jerseyans,” Murphy added.
Work began this week on a nearly $1 billion mixed-use development in Jersey City’s Journal Square neighborhood, with Kushner breaking ground on the project June 16.
One Journal Square will be comprised of two 64-story glass towers, offering views of the Hudson River, Statue of Liberty, Ellis Island and downtown Manhattan. Altogether, the project will create more than 2 million square feet, including residential, retail, amenities, parking and open space—featuring 40,000 square feet of ground-floor retail space that Kushner said is preleased by a AAA tenant “to provide goods and services to the surrounding community.” According to a tweet from Mayor Steven Fulop, that tenant will be retailer Target.
Connecting the buildings to the physical community, and inclusive of the project, will be a new public plaza, offering green space and seating areas facing John F. Kennedy Boulevard.
By the numbers:
2 towers 64 stories 1,723 rental residences 45,000 square feet of amenities 40,000 square feet of ground-level retail space 2026 expected delivery date
That community is the well-connected, nearly 100-year-old Journal Square neighborhood, offering PATH service to lower and midtown Manhattan, Hoboken and Newark, in addition to NJ Transit and privately operated bus service.
“When you look at what’s happening in Journal Square, you’d be hard pressed to find another city in the country that can point to the amount of development in this 2-block radius,” Fulop said. “This project is bar none the most significant project we have in Jersey City and probably the most significant project in New Jersey. It’s 900 units in the first phase, it’s 64 stories tall and we’re already close to 100 feet above the flood plain level so you talk about the size of this building and what it’s doing to the skyline is really significant.”
Expected to be completed in 2026, the project is being developed by Kushner, designed by global architectural firm Woods Bagot and built by AJD Construction.
“If you can imagine this being completed in the next 36 months and all the other things in Journal Square moving forward simultaneously you can get a little bit of a glimpse of what it will be in three short years and the most important project to make that a reality is One Journal Square,” he continued.
Fulop joined Kushner principals, municipal officers and other dignitaries Thursday to celebrate the milestone.
“Today’s groundbreaking for One Journal Square has been several years in the making for us, and we are thrilled to begin the physical build-out of what we believe will be the crown jewel of this resurgent neighborhood and an important asset for all of Jersey City,” said Kushner CEO Laurent Morali. “Our steadfast commitment to moving this pivotal project forward was founded in our strong belief in Journal Square, both in its present and in its future, and we look forward to bringing our vision to life.”
Amenities abound
• Olympic-size indoor pool • cold plunge pool and whirlpool spa • sauna and steam rooms • bowling alley • golf simulator • lounges • coworking space • chef’s kitchen • kid’s club • fitness center • yoga/multipurpose room • spin cycle suite • full-size indoor basketball court • rock climbing wall • squash court • two landscaped rooftop terraces • outdoor lounge pool and hot tub
Added President Nicole Kushner Meyer, “One Journal Square will offer an unparalleled lifestyle experience for residents through thoughtful design, upscale finishes and appointments, state-of-the-art amenities enhanced by our partnership with Restoration Hardware, and a well-connected location brimming with culture and diversity.” That experience will afford residents amenities including a chef’s kitchen, lounges and a full suite of health and wellness options.
“It also reflects our commitment as developers to transform neighborhoods and invest money that positively impacts communities,” Kushner Meyer added.
At this week’s groundbreaking, Kushner announced a collaboration with JCArts to showcase an installation at the property. The series of 36 black and white portraits, created by local high school students to promote mental health awareness in the classroom and workplace, are part the Inside Out Project launched by French artist JR, which “helps individuals and communities make a statement and raise awareness.”
Work on a three-building, 1.2 million-square-foot industrial property is underway in Carteret following an official groundbreaking at the “Carteret Crow Holdings” site. – CUSHMAN & WAKEFIELD
Work on a three-building, 1.2 million-square-foot industrial property is underway in Carteret following an official groundbreaking at the “Carteret Crow Holdings” site.
The property, situated on 126 acres, will bring new logistics space just off of Exit 12 of the New Jersey Turnpike to an area that has attracted sustained and unprecedented demand in the past few years, with industrial vacancies near zero.
The first building is expected to be delivered in September, with the second coming at the end of the year, and the third following in the first quarter of 2023. The structures will range in size from 335,000 square feet to 480,000 square feet—each with 40-foot clear heights. Altogether the site will include 159 trailer spots, 174 dock doors and six drive-in ramps.
Cushman & Wakefield was chosen by Crow Holdings to lease the space, with Stan Danzig, Jules Nissim and Kim Bach handling the assignment.
“Logistics and industrial real estate development continue to be economic drivers for any region, especially with the growth of e-commerce from consumers and importance of supply chain management for companies – and especially in Carteret, where a parcel of this size on the Turnpike presents a very compelling opportunity,” said Clark Machemer, Crow Holdings Development’s senior managing director for the Northeast region. “We are proud to be able to contribute to the momentum of the area, partner with like-minded local officials like Mayor [Dan] Reiman, and deliver high-quality, multi-purpose space for future tenants.”
Work to bring a new 152,100-square-foot Class A warehouse to South Amboy kicked off this week with a groundbreaking event for the property.
Woodmont Industrial Partners and Joseph Jingoli & Son. Inc. celebrated the start of work at 111 Main St. on May 18.
The 22-acre site is located in the city’s Broadway/Main Street redevelopment zone. According to the partners, the project will bring union jobs to the city, environmental restoration to the site, and meet continued demand for industrial space in the state.
Woodmont Industrial Partners (WIP) and Jingoli break ground on a 152,000-square-foot Class A warehouse coming to 111 Main St. in South Amboy. – WIP / JINGOLI
“The development at 111 Main St. will benefit South Amboy both economically and socially for years to come,” said South Amboy Mayor Fred Henry. “We’re thankful to have Woodmont and Jingoli involved in the revitalization of this area of the City. We look forward to the redevelopment generating quality union jobs and providing necessary environmental restoration to the site.”
WIP and Jingoli teamed up several years ago for the project, which received unanimous approval from the South Amboy Planning Board in late 2021. According to the partners, the building will include 22 dock doors; 22 additional knock-out doors, if desired by a tenant; trailer and car parking; and a 36-foot clear height.
“It’s been a pleasure working with the City of South Amboy, which continues to demonstrate the importance of a forward-thinking municipal government that understands market trends and economic development. Woodmont shares the City’s vision for the project as well as the importance of local redevelopment,” said Woodmont Properties Executive Vice President Stephen Santola said in a statement. “We look forward to the completion of 111 Main St. as well as our ongoing expansion in New Jersey and beyond.”
Over the past year WIP — a joint venture between Fairfield-based Woodmont Properties and Romark Logistics of Westfield — said it’s added approximately 8 million square feet to its portfolio. Elsewhere in the Garden State, the company will start projects in South Brunswick and Woodbridge.
Fifth-generation, family-owned Jingoli celebrates its 100th anniversary this year. It has offices in Lawrenceville and Mays Landing.
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