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Urban Redevelopment

Business
Shuttered Wedding Venue One Step Closer To Becoming First Grocery Store For NJ Town Shuttered Wedding Venue One Step Closer To Becoming First Grocery Store For NJ Town
Shuttered Wedding Venue One Step Closer To Becoming First Grocery Store For NJ Town One New Jersey town is about to get its first full-fledge supermarket in decades, and it'll be replacing a longtime wedding venue. Lidl is nearly complete with demolition to Snuffy’s Pantagis Renaissance, the more than 80-year-old wedding venue along Route 22 in Scotch Plains that shuttered sometime during the pandemic, according to Tom Strowe, the towns' director of redevelopment. Strowe struggled to remember the last time Scotch Plains had its own grocery store. The closest ones now are the ShopRite in Watchung or South Plainfield, Aldi in South Plainfield, or perhaps Trader Joe…

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by Cecilia Levine
Real Estate
Historic Jersey City Matzo, Tea Factories Redeveloped In $121.5 Million Deal (PHOTOS) Historic Jersey City Matzo, Tea Factories Redeveloped In $121.5 Million Deal (PHOTOS)
Historic Jersey City Matzo, Tea Factories Redeveloped In $121.5 Million Deal (Photos) A luxury home developer is partnering with a New York City company to develop a Jersey City condominium community located in an area formerly home to the historic Manischewitz matzo factory and Great Atlantic and Pacific Tea Company warehouse. Toll Brothers and Sculptor Capital Management will be developing the 34-story 259-unit building at 151 Bay St., in Jersey City. Located within the Powerhouse Arts District in Jersey City, 151 Bay St. is being financed through a $121.5 million construction loan from Wells Fargo. The development will consist of 259 studio- to three-b…

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by Cecilia Levine
Business
Atlantic City Auctions Chance To Blow Up Trump Casino Atlantic City Auctions Chance To Blow Up Trump Casino
Atlantic City Auctions Chance To Blow Up Trump Casino Atlantic City officials have reached an agreement with the developer who bought the former Trump Plaza Casino to demolish the structure next month. After years debating the fate of the abandoned main tower, the date for its implosion is Jan. 29 -- nine days after the 2021 U.S. Presidential Inauguration, Atlantic City Mayor Marty Small said. On Wednesday, Small announced that his city is auctioning off a chance to blow up Trump's former casino with dynamite -- with the mayor predicting bids to top $1million Auction proceeds will be donated to the Boys & Girls Club of Atlantic City. …

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by Jon Craig