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Mixed-use development

Business
Chipotle, Starbucks Anchor Retail Hub At Former Roche Site In North Jersey Chipotle, Starbucks Anchor Retail Hub At Former Roche Site In North Jersey
Chipotle, Starbucks Anchor Retail Hub At Former Roche Site In North Jersey A portion of Belleville’s former Roche Diagnostics campus is being redeveloped into a new retail hub anchored by Starbucks and Chipotle, according to a release from JLL Capital Markets. JLL Capital Markets announced it secured construction financing for 11 Franklin Ave., a retail project in Essex County. The loan was arranged on behalf of developers Tulfra Real Estate and The Hampshire Companies through First Bank. The 18.7-acre property was acquired as part of the Roche Diagnostics Redevelopment Area. The first building, which opened in October 2022, is fully leased to Starbucks. A second …

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by Cecilia Levine
Real Estate
$53.2M Sale Closes On NJ Waterfront Property With Whole Foods, Apartments $53.2M Sale Closes On NJ Waterfront Property With Whole Foods, Apartments
$53.2M Sale Closes On NJ Waterfront Property With Whole Foods, Apartments A prime slice of Hudson River waterfront real estate just sold for $53.2 million — and it comes with Whole Foods, boutique fitness studios, and apartments overlooking the Manhattan skyline. JLL Capital Markets announced it closed the sale of Edgewater Towne Center on River Road, a mixed-use property with 76,525 square feet of retail space and 64 apartment homes. JLL represented the seller, Site Centers Corp., and secured a local private buyer. Built in 2000 and spread across nearly 14 acres, the property is anchored by Whole Foods Market, one of the chain’s top performers in New Jersey. Sho…

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by Cecilia Levine
Sports
Washington Commanders’ $3.8B RFK Stadium Deal Approved: 'Today Is A Historic Day' Washington Commanders’ $3.8B RFK Stadium Deal Approved: 'Today Is A Historic Day'
Washington Commanders’ $3.8B RFK Stadium Deal Approved: 'Today Is A Historic Day' The Washington Commanders are officially coming home. The DC City Council voted 11-2 late on Wednesday, Sept. 17 to give the final approval for a $3.8 billion project to build a 65,000-seat stadium at the old RFK Stadium site. The plan also calls for a mixed-use development project in the surrounding neighborhoods, as well as affordable housing in the area. "Today is a historic day for DC, the Commanders organization, and our fans," Commanders owner Josh Harris said in a statement. "With the Council's approval, we can now move forward on the transformative RFK project that will bring lasti…

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by Zak Failla
Business
Starbucks Now Open At New ON3 Campus, Report Says: See The Renderings Starbucks Now Open At New ON3 Campus, Report Says: See The Renderings
Starbucks Now Open At New ON3 Campus, Report Says: See The Renderings ON3 is shaping up. A brand-new 2,500-square-foot Starbucks has opened at the mixed-use property, which spans Clifton and Nutley, purchased by Prism Capital Partners nearly a decade ago, as first reported by NorthJersey.com.  The outlet says that the Starbucks is located off Route 3 and the main highway access road to Metro Boulevard. The 118.7-acre property formerly home to Hoffmann-La Roche sits across both Clifton (67.39 acres) and Nutley (51.31 acres), according to an update on the project from Prism Capital Partners last July. "The current commercial and academic occupants of the…

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by Cecilia Levine
Real Estate
Rock Gym Among 3 New Tenants Leasing Space In Montclair Development Rock Gym Among 3 New Tenants Leasing Space In Montclair Development
Rock Gym Among 3 New Tenants Leasing Space In Montclair Development A rock gym, art school and medical center have been signed leases at the new mixed-use development coming to Montclair. The 3,300-square-foot facility is slated to open in the first half of 2021 next to the Wellmont Theater, Jersey Digs reports. The tenants are: One River School: Founded in 2012, in the Englewood-based art school has a mission to "transform art education." The studio offers in-person and online classes at 13 studios. The Montclair studio will offer 3,300 square feet of space. Gravity Vault: The rock gym's new 12,000-square-foot space in Montclair will be its 11th location…

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by Cecilia Levine
Real Estate
ON3: What You Need To Know About Clifton's Next Generation, Self-Contained Lifestyle Hub ON3: What You Need To Know About Clifton's Next Generation, Self-Contained Lifestyle Hub
ON3: What You Need To Know About Clifton's Next Generation, Self-Contained Lifestyle Hub A redevelopment group is working to transform the former Hoffmann-LaRoche campus in Passaic and Essex counties into a self-contained, next-generation lifestyle hub. An L-shaped, luxury hotel complete with rooftop dining and views of the New York City skyline is the latest project slated for ON3, a 116-acre campus along Route 3 straddling the Clifton-Nutley boarder already home to several tenants. "ON3 represents New Jersey’s largest contemplated redevelopment," according to redeveloper Prism Capital Partners, LLC, which you may recognize from its work on the landmark six-story warehous…

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by Cecilia Levine