O wners , D evelopers & M anagers
M id A tlantic Real Estate Journal — Section C
www.marej.com
Redevelopment project is built on the location of a former used car dealership Paramount Assets holds ribbon cutting to open the Netherwood Flats in Plainfield, NJ
Skanska Hits Construction Milestone HI-LIGHTS APRIL 2023 LAINFIELD, NJ — Paramount Assets , a real estate firm known for its restorations of unde - rutilized, historic buildings and urban redevelopment projects, joined City of Plain - field leaders on March 31, 2023, to cut the ribbon to Netherwood Flats, a mixed- use development in Plainfield. Plainfield Mayor Adrian O. Mapp, council president Charles McRae, and direc - tor of Economic Develop - ment Zenobia Fields joined Paramount Assets senior VP P
ground-floor retail space, and an 84-space parking deck. "Every ribbon cutting rep - resents a step forward for the City of Plainfield. It’s a symbol of the trust that investors have in us,” said Mayor Mapp, when asked what this ribbon cutting meant to the city. “Paramount Assets continues to demon - strate that they are solid part - ners in realizing a Plainfield that provides diverse housing and builds a thriving economy. I look forward to a continued, shared vision.” “Netherwood Flats is a trans - formational project which sig - nifies a substantial step in Plainfield’s recent revival,” said Paramount’s Dunn. “Our goal is to have Netherwood Flats lead the revitalization of the city’s renaissance, creating a lively community for all of Plainfield. It is bringing in new residents to much-needed luxury hous - ing, and the convenience of a transit-oriented develop -
ment for accessing Newark and NYC.” The development is a short 3-minute walk from Plainfield’s Netherwood NJTransit train station and will offer its resi - dents easy access to the Raritan Valley commuter rail line, trav - eling to Newark, Manhattan, and beyond. The Netherwood Flats com - munity includes several on- site amenities to enhance residents’ lifestyles. The devel - opment incorporates a land - scaped, elevated courtyard; a 1,500 s/f fitness center; and a residents’ lounge. The prop - erty’s one- and two-bedroom units – ranging in size from 624 square feet to 1,427 s/f – have high-end finishes and stainless-steel appliances. Other features of Nether - wood Flats include: Modern kitchens with a breakfast bar Artisan ceramic tiles in the kitchen and baths MAREJ a hybrid work model. After a discovery phase, which included visioning sessions and tours of workplace and innovation centers, the team at Meyer was tasked with creating an experi - ence for RMA’s members and 85 employees by incorporating a variety of technology-forward collaborative meeting spaces and focus areas throughout the workspace. As a nod to RMA’s 100-year history, Meyer incor - porated elements of the firm’s past throughout the design, lining the walls of shared spaces with historic hand- signed charters, photographs, and collections of books. The Meyer team also includ - ed project manager Jess Nixon and designer Dana Sweeney . Other project team members included CBRE , Bala Con- sulting Engineers, Watch- dog Real Estate Project Management, C. Erickson Construction, and Com- mercial Furniture Interiors (CFI) . MAREJ
On March 31, Plainfield, NJ city leaders and Paramount Assets executives cut the ribbon to Netherwood Flats, a transit-oriented urban redevelopment with 70 luxury apartments, 4,000 s/f of ground floor retail space, and an 84-spot parking deck.
of a former used car dealership, the redevelopment project, at 829 South Ave., is a four-story, 128,000 s/f transit-oriented building. The mixed-use devel - opment includes 70 over-sized luxury apartments, 4,000 s/f of
Richard Dunn and the se - nior leadership of Paramount Assets to cut the ribbon to the mixed-use development. Netherwood Flats is a trans - formative project for the city of Plainfield. Built on the location
Meyer celebrates new hybrid headquarters to accommodate RMA’s transition to hybrid work
PHILADELPHIA, PA — Meyer , an award-winning commercial architecture and interior design firm based in Philadelphia, has announced the completion of Risk Man - agement Association’s new hybrid corporate headquarters. Risk Management Association (RMA) is a member-driven nonprofit organization with the purpose of advancing risk education and principles in the financial services industry for more than 1,600 members. Designed by Meyer, RMA’s new corporate headquarters, located in downtown Philadel - phia, opened for use by staff in October 2022 following six months of construction. The approximately 6,000 s/f hybrid space at One Commerce Square embraces the principles of the transformed workplace. High - lighting the need for collabo - ration and flexibility through design, the headquarters fea - tures an open-café concept, a large conference space with
4C
St. John Properties plans to speculatively develop +1 million s/f across 10-state portfolio
Risk Management Association’s new hybrid corporate headquarters
telescoping walls, and stylish, comfortable furniture and seat - ing throughout. “Before the pandemic, of - fices were focused on building internal innovation centers where employees could col - laborate easily. Now, offices are the innovation centers,” said Debra Breslow , Principal and Corporate Practice Leader at Meyer. “We designed the
RMA headquarters to reflect these principles and to create a carefully curated destination where employees and members alike can feel a sense of belong - ing, with an elevated workplace experience whenever they enter the office.” RMA came to Meyer in 2021 looking to reduce their real es - tate footprint following the non - profit’s decision to transition to
9C
ALSO INSIDE ECS Mid-Atlantic . .......... 2C Alicia Mynarska, Withum ...3C People on the Move ... 12C www.marej.com
Made with FlippingBook Digital Proposal Creator