28 — July 2026 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
Presentations highlighted infrastructure investment & economic development initiatives SNJ Development Council hosts 30th Annual Construction Forecast at Stockton University
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strategy. The presentation highlighted more than $132 million in total investments across facilities, along with ef- forts to modernize operations, diversify cargo, strengthen workforce training, and ad- vance sustainability initiatives. The Casino Reinvestment Development Authority show - cased Atlantic City’s grow - ing residential development pipeline, including approved and planned projects such as Lighthouse Row, Residences at the Orange Loop, Terraces at Absecon Inlet, AC Inlet Partners, Caspian Pointe, and Colosseo Atlantic City. The Authority highlighted its ongoing regional economic development work, including 96 projects, totaling more than $662 million in project invest- ment and delivering 5,100 jobs. The presentation featured school expansions, public safety facilities, broadband infra- structure, renewable energy, land bank redevelopment, and municipal partnership projects across Cumberland, Salem, and
Cape May counties. Hopeworks and Camden County presented their Cam - den 3D Urban Visualization Project, an innovative digital twin platform designed to sup- port economic development, planning, storytelling, and com- munity engagement as part of their Camden Master Plan by providing a new way to visual- ize investment and redevelop- ment opportunities in Camden. The event concluded with a keynote address from Evan Weiss , CEO of the NJ Economic Development Authority Weiss discussed statewide economic development priori- ties and the role of infrastruc- ture, public finance, redevelop - ment, and strategic investment in advancing New Jersey’s long-term competitiveness. This year’s program reflected the strength of our region’s construction and development sectors, as well as the impor- tance of continued investment in infrastructure, higher educa- tion, ports, housing, technology, and economic growth. MAREJ
ALLOWAY, NJ — The Southern New Jersey Develop-
ment Council hosted its 30th Annual Construction Forecast at Stockton University, bring- ing together leaders from construction, development, labor, education, government, finance, infrastructure, and economic development to dis- cuss major projects and invest- ment opportunities shaping the future of South Jersey. Robert Curley , regional president of the Mid-Atlantic Metro for TD, provided the South Jersey market economic update, offering perspective on the broader economic and financial conditions impact- ing development throughout New Jersey, Pennsylvania, Delaware, Maryland, Virginia, and Washington, D.C. Infra - structure and manufacturing investment remains one of New Jersey’s largest economic driv - ers, creating a ripple effect of job generation and innovation. The program’s “Coming Attrac - tions” presentations, moder- RAHWAY, NJ — Wood- mont Industrial Partners (Woodmont) , in partnership with Sagard Real Estate , has broken ground on the redevelopment of a 25-acre industrial site at 349 & 389 New Brunswick Ave. in Rah - way. The project, which will replace an obsolete 212,000 s/f facility with two state-of- the-art, class A warehouse buildings, underscores the sustained strength of NJ’s industrial sector and the rising demand for modern, efficient space that can sup - port today’s logistics and distribution needs. Nestled between the New Jersey Tpke. and the Garden State Pkwy., the existing structure has been demol- ished to make way for fa- cilities designed for efficiency and flexibility. The first build - ing will offer 201,000 s/f of warehouse space and 3,000 s/f of office space, with a 36-foot clear height, 41 dock doors, two drive-in doors and ample trailer and car parking. The second will include 76,000 s/f of warehouse space and 2,500 s/f of office space, featuring a 40-foot clear height, eight
The Southern New Jersey Development Council hosted its 30th Annual Construction Forecast at Stockton University.
ated by Mike Hagarty of the Camden County Improve- ment Authority , showcased a wide range of transformative projects and investment activ- ity throughout the region. Rowan University out- lined major ongoing and up- coming projects across its campuses, including the West Campus Development Project, a multi-phase initiative cen- tered on health care, wellness, and advanced manufacturing.
The project carries an estimat- ed total cost of $690 million and is projected to generate more than 4,170 construction jobs, more than 900 perma- nent jobs, and $14.3 million in annual tax revenue. South Jersey Port Corpora - tion highlighted its role in supporting regional economic growth through deepwater port facilities in Camden, Pauls - boro, and Salem, as well as its continued capital investment
Woodmont and Sagard Real Estate breaks ground on 25-acre ind. site
Walters holds ribbon-cutting for new affordable community
Shown from left: Ken Montgomery, Hainesport committeeman; Joseph Del Duca, partner and director of Affordable Housing at Walters; Andy Dick, mayor of Hainesport Township; Ed Walters, founder and part- ner at Walters; Randy Brolo, Burlington County commissioner; Anna Evans, Hainesport committeewoman.
349 & 389 New Brunswick Ave. in Rahway
dock doors and one drive-in door. The project is set for completion in Q1 2027. “We are excited to once again be partnering with Woodmont on another devel- opment project in one of the country’s most compelling industrial markets,” said Ca- mila Grello , managing direc- tor, asset management at Sa- gard Real Estate. “Northern New Jersey’s strong funda - mentals continue to support demand for modern logistics space, and we believe this redevelopment will be very well received. Over the past year, Wood- mont has advanced its in- dustrial platform through a series of strategic trans- actions, new ground-up
developments, project de- liveries and successful lease-ups across several of the nation’s most active logis - tics markets. Most recently, the firm completed the sale of 51 New Brunswick Ave., a 54,113 s/f class A industrial property in Woodbridge. Woodmont also completed a 152,100 s/f class A industrial property in South Amboy, and executed the recapitalization and acquisition of a 30.6-acre industrial property in Frank - lin Twp. Altogether, the com- pany’s portfolio now totals 7.2 million s/f across New Jersey, Pennsylvania, and Florida, in - cluding projects that are fully leased, available for occu- pancy, under construction or slated for renovation. MAREJ
the Rancocas Creek in Bur - lington County, the devel - opment was completed ear- lier this year and has already reached 70% occupancy, re- flecting the strong demand for high-quality affordable housing in the region. Cornerstone at Hainesport comprises 72 one-, two-, and three-bedroom apartments in six buildings. The new community is open to individuals and families who do not make more than 60% of the area’s median income. Rental rates are based on the renter’s gross annual income, according to the rent/income requirements chart. MAREJ
HAINSPORT, NJ — Wal- ters held a ribbon-cutting cer- emony to celebrate the grand opening of Cornerstone at Hainesport, a LEED-certified community offering 72 pre- mium income-restricted apart- ments. The event was held at 2801 Creek Rd. in Hainesport. Joining the Walters’ team was Hainesport Twp. Mayor Andy Dick , Hainesport Committee - woman Anna Evans , Haine- sport Committeeman Ken Montgomery , Burlington County Division of Construc - tion Services, and Lumberton EMS Station 139 personnel. Located along the banks of
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