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Real Estate
$1B Netflix Studio Sparks Plans To Transform Jersey Shore Plaza $1B Netflix Studio Sparks Plans To Transform Jersey Shore Plaza
$1B Netflix Studio Sparks Plans To Transform Jersey Shore Plaza A long-struggling Jersey Shore shopping plaza is getting a second chance. TFE Properties, LLC has acquired Orchard Plaza, a 10-acre retail center on Route 35 South in Oakhurst, the company announced. The plaza, which first opened in 1980 as a booming retail hub, has faced growing vacancies over the years. Now, the East Windsor–based developer is planning a full-scale revival. “Monmouth County is an ever-growing destination for residents, vacationers, commuters, and businesses,” said Carey Tajfel, the president of TFE Properties. “And with the new Netflix production facility coming to the f…

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by Cecilia Levine
Real Estate
Own A Piece Of Richard Gere’s Former $10M Mansion Salvaged From Demolition Own A Piece Of Richard Gere’s Former $10M Mansion Salvaged From Demolition
Own A Piece Of Richard Gere’s Former $10M Mansion Salvaged From Demolition Eight months after actor Richard Gere moved with his wife and their two children to her native Spain, the $10.75 million Connecticut mansion they once called home has been demolished. The 32-acre estate was torn down so developers could create nine separate housing lots. The move drew backlash from architectural preservationists and neighbors, but it’s also giving some buyers the rare chance to own salvaged pieces of the Colonial-style mansion once owned by Paul Simon. Hudson Valley House Parts, an architectural preservation company, was hired to remove and resell the most valuable features…

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by Josh Lanier
Real Estate
Trump’s Son-In-Law Behind New Luxury Development Replacing Hotel In North Jersey Trump’s Son-In-Law Behind New Luxury Development Replacing Hotel In North Jersey
Trump’s Son-In-Law Behind New Luxury Development Replacing Hotel In North Jersey Construction is officially underway on a major new residential project in North Jersey backed by a firm with ties to President Donald Trump. Kushner Companies, the real estate developer owned by Trump’s son-in-law Jared Kushner, broke ground on Thursday, June 26, on a 280-unit apartment complex at the site of the former Westminster Hotel. Located at 550 West Mt. Pleasant Ave., the new community will be called Livana Livingston, part of Kushner’s Livana residential brand. The property spans nine acres and includes the adjacent parcel where the former Somerset Regal Bank building once stood. …

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by Cecilia Levine
Real Estate
$25M Beachfront Resort Approved For Jersey Shore Town — All It Needs Is A Developer $25M Beachfront Resort Approved For Jersey Shore Town — All It Needs Is A Developer
$25M Beachfront Resort Approved For Jersey Shore Town — All It Needs Is A Developer A developer’s dream is officially on the market — and it's just steps from the sand. The Soleil Resort, a fully approved $25 million luxury condo-hotel planned for one of Ocean City’s last remaining beachfront lots, is now up for grabs — and the only thing missing is someone ready to build it. Located at 1101 Ocean Ave., right next to the historic Flanders Hotel, the project includes 111 luxury two- and three-bedroom units, all roughly 1,100 square feet with balconies and either ocean, bay, or pool views. The site comes with a CAFRA permit and planning board approval already in hand, meanin…

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by Cecilia Levine
Real Estate
Inside Ora: Brand-New Hackensack Mixed-Use Building Nearly Ready To Start Leasing Inside Ora: Brand-New Hackensack Mixed-Use Building Nearly Ready To Start Leasing
Inside Ora: Brand-New Hackensack Mixed-Use Building Nearly Ready To Start Leasing Hackensack’s downtown renaissance continues with the grand opening of Ora. The stunning 270-unit mixed-use community at 321 Main St. will soon offer luxury studio, one, and two-bedroom units.  Executives from The Hampshire Companies, along with project partners Russo Development and Riverbank Management LLC, were joined by Hackensack Mayor John Labrosse and Deputy Mayor Kathleen Canestrino for the ribbon-cutting ceremony last month. Ora stands seven stories tall at the intersection of Main and Berry streets, the former site of Oritani Bank, and is managed by Russo Property Management.…

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by Cecilia Levine
Politics
Meet Andy Kim, Curtis Bashaw: NJ Politicians Vying For Menendez's Former Seat Meet Andy Kim, Curtis Bashaw: NJ Politicians Vying For Menendez's Former Seat
Meet Andy Kim, Curtis Bashaw: NJ Politicians Vying For Menendez's Former Seat Rep. Andy Kim, D-NJ and Curtis Bashaw, a business owner, are running for Sen. Bob Menendez's old senate seat after the disgraced senator resigned following his conviction on felony corruption charges. Here's a little bit about the two candidates: Kim has represented New Jersey's 3rd congressional district since 2019. He jumped into the race upon Menendez's indictment and fended off a challenge from First Lady Tammy Murphy, whose campaign struggled, forcing her to drop out before the primary. Kim's lasting impact in the race may be upending New Jersey's controversial "line" system. A j…

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by Sam Barron
News
NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud
NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud Fred Daibes, a 67-year-old real estate developer previously convicted of bribing disgraced New Jersey Sen. Bob Menendez, pleaded guilty to bank fraud on Thursday, Sept, 5, authorities said. The former CEO and chairman of the board of directors at Mariner's Bank pleaded guilty in Newark federal court to making false entries in connection with a $1.8 million loan from his bank in 2008, US Attorney Phillip Sellinger said. Daibes said the line of credit was for someone else, when it was actually for his benefit, Sellinger said. The loan said the source of repayment would be from the p…

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by Sam Barron
Real Estate
Luxury Hotel Replacing 3 Motels In Jersey Shore Borough Long-Reputed As Party Town Luxury Hotel Replacing 3 Motels In Jersey Shore Borough Long-Reputed As Party Town
Luxury Hotel Replacing 3 Motels In Jersey Shore Borough Long-Reputed As Party Town A Jersey Shore town that gained a reputation for being one of the best places to party while down the shore is getting a rebrand. And it's in part due to a luxury hotel set to replace three of the motels in Seaside Heights that haven't exactly been helping the family-friendly atmosphere. In a 6-0 vote last month, Seaside Heights council members approved the designation of a Boston-based redeveloper for the hotel, to be built on the Lincoln Avenue and Ocean Terrace lots where Dry Dock, Glendale, and Surfside motels currently stand. The firm, 6M Development, shared a brief description of the…

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by Cecilia Levine
News
Ex-Deputy Mayor Of Newark Admits Taking $25K Bribe In Restaurant Bathroom: Feds Ex-Deputy Mayor Of Newark Admits Taking $25K Bribe In Restaurant Bathroom: Feds
Ex-Deputy Mayor Of Newark Admits Taking $25K Bribe In Restaurant Bathroom: Feds Carmelo Garcia, who previously served as deputy mayor of Newark and one term in the state General Assembly, admitted to taking $25,000 in bribes, federal authorities said.  Garcia, 49, pleaded guilty to conspiring with two Newark business owners to obtain corrupt payments intended to influence and reward him for assisting them with the acquisition and redevelopment of various city-owned properties while serving on the Newark Department Economic and Housing Development, U.S. Attorney Philip Sellinger said. Between 2017 and 2019, Garcia sought and received significant mone…

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by Sam Barron
News
Long-Vacant North Jersey Movie Theater Finally Getting Its Happily Ever-After Long-Vacant North Jersey Movie Theater Finally Getting Its Happily Ever-After
Long-Vacant North Jersey Movie Theater Finally Getting Its Happily Ever-After After several years of vacancy, a Montclair movie theater will soon be brought back to life. The Tudor-style Bellevue Theater in Upper Montclair has sat vacant since the prior operator's lease ended 2017, but at a meeting on Monday, June 10, redevelopment plans were unanimously approved. Bellevue Theater in Montclair. Google Maps The plans call for transitioning one of the four theaters into retail, there by connecting Upper Montclair Plaza to the retail of Bellevue, "a great win for all," said a spokesperson for RHG Architects + Design, who are working on the project. The…

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by Cecilia Levine