22B — May 25 - June 7, 2018 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers &M anagers 15-story building that will feature 132 residential units Namdar Group celebrates groundbreakingat87Newkirk


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ERSEY CITY, NJ — Mayor Steven M. Fulop joined representatives of Namdar Group on May 3rd to break ground on a new 15-story tower at 87 Newkirk St. in Jersey City’s Journal Square neighborhood. Owned and developed by Namdar, the building will comprise 132 residential units, 25,000 s/f of shared office space, and 1,500 s/f of retail space. The project represents the first Jersey City development for the Namdar Group, a pri- vately held real estate invest- ment firm based out of Great

Neck, New York. “Namdar Group strategi- cally invests in markets that have significant growth po- tential, and Jersey City – par- ticularly the Journal Square neighborhood – certainly fits that criteria,” said Effy Nam- dar of Namdar Group. “We’re extremely excited to embark on our first project here, and we would like to thank Jersey City leadership for supporting our vision.” The project team includes C3D Architecture as the architectural team, Severud and Associates as the struc- tural team and KEA as the MEP engineers.  Stantec expands Philadelphia buildings engineering team PHILADELPHIA, PA — Stantec announced the ad- dition of a highly seasoned design firm as a senior asso- ciate, where he will apply his nearly 35 years of extensive industry expertise as a lead senior mechanical engineer and technical resource. In his role, Yoon leads me- chanical, engineering, and plumbing (MEP) teams on a wide range of project types. This expertise is informed by his comprehensive experi- ence in the education, science and technology, healthcare, and commercial markets, where Yoon applies innova- tive approaches to help proj- ects achieve greater energy efficiencies and individual oc- cupant controls. As a result, many of his projects have earned LEED certification at the Gold and Platinum levels. As a trusted industry re- source, Yoon has provided expert testimony and review over more than 50 high-end condominiums inManhattan and New Jersey. He is also an active member of ASHRAE, the American Society of Heating, Refrigerat- ing and Air-Conditioning Engineers .  Lok Yoon mechanical engineer to its buildings practice in P h i l a d e l - phia. Lok Yoon PE, LEED AP has joined the global

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Namdar Group on May 3rd to break ground on a new 15-story tower.

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