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EDISON – Eight new apartments could be coming to a busy section of Amboy Avenue. The township Planning Board is scheduled to hear an application Dec. 18 to renovate a commercial building into a ...
Veris Residential, Inc. is a real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in multifamily real estate in New Jersey and Boston. As of February 21, 2024, it owned or had interests in 22 apartment complexes, as well as a substantial land bank.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
An affiliate of developer Neutral has transferred ownership of the high-rise project site to another investors group. That's a step towards financing.
The plan calls for the renovation and expansion of an existing one-story commercial building at 1039 Amboy Ave. in Edison. Commercial building along Amboy Avenue in Edison may become apartments ...
Edison Properties is a privately owned real estate holding and development firm based in Newark, New Jersey founded in 1956. [ 1 ] [ 2 ] [ 3 ] The company has holdings in New Jersey , New York City , and Baltimore including many parking lots marketed under ParkFast and storage units marketed under Manhattan Mini Storage .
Real Estate industry detractors note that inclusionary zoning levies an indirect tax on developers, so as to discourage them from building in areas that face supply shortages. Furthermore, to ensure that the affordable units are not resold for profit, deed restrictions generally fix a long-term resale price ceiling , eliminating a potential ...