The Connell Company has started construction on RT600, its new 149-unit residential tower as part of the $500-million redevelopment of The Park in Berkeley Heights, NJ. Local stakeholders, including Berkeley Heights Mayor Angie Devanney, joined key executives from The Connell Company to mark the start of construction.
“RT600 marks an exciting step in the Park’s evolution to a destination neighborhood,” said Shane Connell, EVP at The Connell Company. “We continue to see incredible demand for locations that offer walkability to shopping, dining and entertainment and RT600 will give residents access to a truly unique experience at The Park.”
The start of RT600 construction follows the topping out of The Park’s first residential tower, RT500, which will contain 179 units across eleven floors. The District at The Park project is overseen by GS Ferguson, serving as the owner’s representative, with SOCO Construction managing the RT600 building and the north side of District Drive, including RT500 and the surrounding retail spaces.
Hear from top leaders at Cushman & Wakefield, Thorofare Capital, Charney, GFP, Greystone and more at Connect New York Apartments Investment & Finance on October 23.
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton Aand senior investment anaylst...
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