26B — August 24 - Sept. 13, 2018 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers & M anagers

EWARK, NJ — De- v e l o p e r Dr ano f f Properties, Inc. of 22-story high rise is area’s 1st ground-up, residential new construction in over half century Dranoff Properties, Inc. welcomes the first residents at One Theater Square in Newark N

art fitness center, club rooms, and an outdoor entertainment space outfitted with soft seat- ing, TV’s and fire pits. Erica Dixon a merchandise planner with a prominent Manhattan retailer moved in and is delighted with her one- bedroom unit. “It’s so nice to have new appliances that have never been used, and a bath- room, kitchen, flooring and walls that look like they were just unwrapped.” My favorite feature is the oversized win- dows, which let in streams of natural light. I also have views of the Manhattan skyline from

my living room and balcony and I’m just 15 minutes to Manhattan by train.” Previ- ously, Dixon lived in Edison and her door-to-door round trip commute was nearly three hours. Leasing has been brisk and each day new residents are moving in at One Theater Square.  Pennrose adds Robertson BALTIMORE, MD — Pen- nrose announced the addition of Christine Robertson to the Baltimore (Mid-Atlantic region) office as a developer. In her role, Robertson will focus on growing Pennrose’s Virginia portfolio. Robertson joins Pennrose with 25 years of experience in the affordable housing indus- try, primarily working with for-profit and non-profit de- velopers. In previous develop- ment roles, including her last position as VP of Bywater Development Group, Robert- son spearheaded the creation or preservation of affordable and mixed-income rental and for-sale developments across the southern and midwestern US. She also brings a breadth of experience in budgeting prede- velopment expenses, preparing applications for financing or funding, and managing award- ed tax credits and transactions through closing. “With its established reputa- tion for building the highest quality real estate develop- ments, I am incredibly excited to join the Pennrose team,” said Robertson. “I look forward developing communities that have the ability to transform the lives of VA residents.” “Christine’s distinguished career in development and affordable housing will make her an excellent addition to the Pennrose family,” said Ivy Dench-Carter , regional VP at Pennrose.  continued from page 7B Recyclingprograms = More jobs, . . . EPA, “By converting waste materials into valuable raw materials, recycling creates jobs, builds more competitive manufacturing industries and significantly contributes to the U.S. economy.” Lisa Cassidy is senior strategist and founder for ecoImagine. 

Philadelphia welcomed the first residents at One Theater Square, Newark’s much-an- ticipated, first ground-up resi- dential high rise since 1960 located across from NJPAC and the vibrant Military Park. One Theater Square em- bodies a vision of downtown Newark that has been decades in the making. The 22-story luxury sky- scraper with a signature curved glass tower contains 245 spacious apartments,

Erica Dixon in her one-bedroom unit

12,000 s/f of ground level re- tail, 285 parking spots and

amenities that include: 24-con- cierge service, a state-of-the-

P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com

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