M id A tlantic Real Estate Journal — The Best of 2019 — March 27 - April 9, 2020 — 21C The LARGEST MIXED-USE PROJECT of 2019 Marcus & Millichap-PA
The Kislak Company, Inc. Ausonia Apartments Highland Park, NJ
JMF Properties Morris Marketplace Morristown, NJ
135-137 N 3rd St Philadelphia, PA
Type of mixed-use: 150,000 SF shopping center, 143 townhomes, and 60 rental units. Size: 64-acre property Formerly a sprawling industrial campus, JMF Proper- ties is redeveloping this prominent 64-acre site with a balanced approach to address the local community’s retail and housing needs. Colgate-Palmolive selected JMF Properties because of its local ties and track re- cord of success. The consumer products company had occupied the property for more than 60 years and wanted to leave it in the hands of a developer with extensive local knowledge and a strong commitment to the two host municipalities. JMF now owns the property and is working closely with local officials to develop Morris Marketplace in a manner that will contribute to the vitality and financial stability of both Morris Township and Morristown.
Type of mixed-use: Residential/Retail Size: 25 units and 2 commercial units Broker: Justin Lupo
Type of mixed-use: Multifamily & Retail Size: 4,867 SF Brokers:Andrew Townsend, Ridge MacLaren, Clarke Talone, Daniel Bernard. 16-unit apartment building with two ground-floor retail units located in the Old City neighborhood of Philadelphia, one of the strongest and most stable rental markets within Center City. The property is located in the heart of North 3rd Street, one of the most historic blocks in Philadelphia, known for ground-floor boutique retailers and galleries, with immediate access to Philadelphia’s top restaurants and employment centers. Also within walking distance is Inde- pendence Hall National Historic Park, Race Street Pier, and Penn’s Landing. The Market-Frankford subway line is less than a 5-minute walk away on Market Street.
Ausonia Apartments is a five-story mixed use building with 26 residential units, two ground floor retail units and four rooftop cell phone towers. Built in 1950, the property is lo- cated in the heart of downtown Highland Park, New Jersey, within walking distance to an abundance of commercial of- ferings and Rutgers University’s New Brunswick campus. The building includes elevator service to each floor and the unit mix consists of studios, one- and two-bedroom apart - ments ranging in size from 600 to 1,000 square feet. All units feature 10-foot ceilings, large closets, ceiling fans, and hardwood floors throughout; and the building includes on- site laundry facilities. Significant capital improvements had recently been completed by the seller.
The MOST UNIQUE MIXED-USE PROJECT of 2019
Torcon, Inc. 11 Cooper Camden, NJ
Colliers International-PA Crane Chinatown Philadelphia, PA
Prism Capital Partners ON3 Clifton and Nutley, NJ
Type of mixed-use: Office, R&D, recreation, hospi - tality, among others Size: 116 acres The intersection of urban vitality and suburban flex - ibility sits just nine miles from Manhattan at ON3. A growing roster of organizations in life sciences and biotech, along with major corporate tenants, is gravi - tating to New Jersey’s largest redevelopment, rapidly securing its future as a world-class, next-generation campus. These users – and others to come – are pro- pelling ON3 forward as a benchmark in New Urban- ism and public/private partnership. Office and R&D, recreation, hospitality, wellness options and more ulti- mately will come together at ON3 for a true mixed-use, 24/7 environment at the 116-acre former Hoffman-La Roche North American Headquarters campus.
Type of mixed-use: Residential, commercial, office, community center Size: 20 story, 150 apartments, 8,000+ SF of retail, 17,380 SF of office Brokers: Larry Steinberg, Elizabeth Morrow Colliers International has been selected as exclusive agent in the marketing of commercial retail and office space at the groundbreaking mixed-use development Crane Chinatown located at 10th and Vine Street, the northern bookend to Philadelphia’s iconic Chinatown 10th Street corridor. This long anticipated 20-story, $75 million development brings 150 apartment residences to Chinatown as well as of- fice, commercial and retail space. In addition, a first for the Chinatown neighborhood, Crane Chinatown offers a com - munity and recreation center to provide an exciting place both in and for the community.
11 Cooper is Camden’s first large-scale waterfront residen - tial development in more than 15 years. With 156 market- rate, luxury apartments, the $48 million project is filling a much-needed void in residential housing for the city. The building meets LEED Silver building standards, and one unique design element is a panoramic mural painted by a local Camden artist. The first floor of the building hosts restaurant and retail space. Torcon’s implementation of an aggressive BIM process during pre-layout dramatically re - duced the potential for miscalculations in the field during construction. The technology also helped power the overall logistics strategy.
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