32 — November 2025 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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O wners , D evelopers & M anagers
New development to provide 20% affordable housing units out of 1,300 total new units BLDG Management announces proposed rental housing project in Jersey City, NJ
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world-class architecture to Jersey City’s skyline. The proposed building’s iconic design implements previously approved elements required by Jersey City for this site pursuant to a development agreement with the property owner which was approved in a federal court consent order. Designed by architects Pelli Clarke & Partners , the project will include a variety of unit types, from smaller units for single individuals to larger units for families. It will also contain abundant recreational space for tenants and the community and
29,000 s/f of indoor and outdoor retail space at the ground level. The 1.6 million s/f develop- ment will include abundant parking for both residential and retail use. The layout is specifically designed to man - age traffic burden and will include a significant porte cochere/covered drive-up en- trance within the property footprint, bringing traffic off the street. 100 Bay also offers a below-grade loading dock. The project, which will gener- ate significant property tax in - come for Jersey City, is expected to create up to hundreds of con- struction, building operations and retail jobs. MAREJ Legacy acquires Casio HQ building in Dover, NJ Shown from left: Peter Feldman and Salvatore Frassetto. DOVER, NJ — Peter Feld- man , president of Legacy Real Estate Developers announced that the firm has acquired the former Casio America, Inc. headquarters building in Dover. The 126,108 s/f industrial and office prop - erty was purchased in a joint venture partnership with Saddleback Real Estate Developers and Commerce Park Investors . The building was purchased all-cash. Ellie Klapper , executive VP of CBRE was the investment sales broker on the transaction. The deal originated when a CBRE marketing release for the property reached Salva- tore Frassetto , the chairman of Saddleback Real Estate and was shared with Feldman. Recognizing the site’s poten- tial, Legacy moved decisively. Casio prioritized a buyer with a track record of reliability and an ability to meet aggres- sive timelines — criteria that have long defined both Legacy and Saddleback. The Legacy team plans light renovations to the Dover fa- cility. The building’s con- figuration and infrastructure make it ideal for single-user headquarters or multi-tenant industrial operations. MAREJ
ERSEY CITY, NJ — BLDG Management has announced a proposed multifamily rental property at 100 Bay St. in Jersey City, NJ. The property will offer 1,300 new rental units, 20 percent of which will be affordable, help- ing to meet growing housing demand in the market. 100 Bay St. will be a single residential building featuring two towers on a podium base and connected by a 40th floor sky bridge. The sculptural de- sign incorporates the artistic legacy of the Arts District, while also providing additional
100 Bay St. rendering - Pelli Clarke & Partners ©
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