The development team behind West Side Square (WSS) on Jersey City’s West Side recently topped off the project’s first residential tower, The Residences at West Side Square. The celebration brought together city leaders, creative collaborators and community members.
West Side Square is being developed through a partnership between Lanterra Developments, Westdale Properties, Lantree Developments and Altree Developments. Located at 1075 West Side Ave., the 12-story Residences at West Side Square will comprise 477 rental apartments, anchoring a mixed-use destination set to include an outdoor piazza, curated retail, pet-friendly amenities, a lobby café, restaurants, and public art installations.
The topping-out event began with remarks from the team behind the project, including Zev Mandelbaum, president and CEO of Altree Developments; Raphael Mandelbaum, Principal and VP of Lantree Developments and Mitchell Cohen, COO of Westdale Properties. They were joined by Hudson County Commissioner William O’Dea and State Sen. Raj Mukherji, who presented a Senate Proclamation recognizing the project’s contribution to the revitalization of Jersey City’s West Side.
Pictured, from left: Zev Mandelbaum, Mitchell Cohen, Hudson County Commissioner William O’Dea, Raphael Mandelbaum, Sen. Raj Mukherji.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
Learn more
An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
Learn more
The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California