$72M Refinance Secured For Luxury Apartment Building In Jersey City
A $71.96 million refinancing deal has been arranged for The Hazel, a 201-unit luxury apartment community in Jersey City, officials said.
JLL Capital Markets arranged the refinancing on behalf of the borrower, Alpine Residential, securing a five-year, fixed-rate balance sheet loan through Truist Bank, according to the announcement Monday, Dec. 15.
The Hazel is located at 89 Monitor St. in Jersey City, directly adjacent to the Liberty State Park Light Rail station, offering residents convenient access to Manhattan, officials said. The property is located approximately 1.20 miles from the Grov…
Cops ID Man Killed In Jersey City Fire That Left Children 8, 6 Critical
A man killed in a Jersey City apartment fire has been identified, and three children and a woman remain in critical condition, authorities said in an updated press release Thursday, May 1.
Lahcen Elmguielle, 59, of Jersey City, was pronounced dead at Jersey City Medical Center following a fire at 296 Summit Ave. on Thursday, May 1, according to Hudson County Prosecutor Esther Suarez.
The Jersey City Fire Department was called to the three-story building shortly after 3 a.m., Suarez said. First responders arrived to find heavy smoke pouring from the structure.
“During suppression activities…
What Now After Westchester Pavilion Mall Project Stalls?
Nearly two years after a $275 million development project at the old Westchester Pavillion mall in White Plains was approved, the city continues to wait for progress from developers.
A development to replace the mall, featuring two, 24-story residential towers was expected to bring up to 1,400 new residents to White Plains once completed. Instead, development has stalled as they await a new plan for the site from developers.
The plan called for the mixed-use development to include 707 rental apartments, 16,500-square-feet of restaurant space, 77,340-square-feet of retail space and 93,840-sq…
