CMT Developer secures loan for apartments at former Elizabeth, NJ hospital site

TRD TRI-STATE /
Mar.March 18, 2020 01:05 PM

(Credit: Google Maps)

CMT Developers LLC secured a $56 million construction loan from Parkview Financial for a Class A apartment development set to rise at the site of the former Elizabeth General Hospital in Elizabeth, New Jersey, NJBIZ reported. The loan will be used to construct the first phase of the project known as Jersey Walk, which will include a pair of six-story buildings that house 274 apartments and 3,000 square feet of retail space. The second phase of the project will include another pair of six-story buildings that house 240 apartment units. The first phase of construction is expected to wrap up next spring. [NJBIZ]


Related Articles

arrow_forward_ios
55 Corporate Drive in Bridgewater (Credit: CBRE)

Zell Partnership, CBRE pitch suburban sprawl as office leasing lifehack

Zell Partnership, CBRE pitch suburban sprawl as office leasing lifehack
Clockwise from top left: 514 Heron Drive, 820 East Gate Drive, 1 Kildeer Court and 605 Heron Drive (Credit: Google Maps)

New Jersey industrial portfolio trades for $43M

New Jersey industrial portfolio trades for $43M
An interior rendering of American Dream mall (Illustration by The Real Deal)

Troubled mall turning shuttered space into coronavirus testing center

Troubled mall turning shuttered space into coronavirus testing center
Golden Glades lands $41M loan for Jersey City luxury building

Golden Glades lands $41M loan for Jersey City luxury building

Golden Glades lands $41M loan for Jersey City luxury building
Renaissance Properties sells mixed-use Metuchen complex for $30M

Renaissance Properties sells mixed-use Metuchen complex for $30M

Renaissance Properties sells mixed-use Metuchen complex for $30M
Joint venture led by Federal REIT drops $203M for Hoboken portfolio

Joint venture led by Federal REIT drops $203M for Hoboken portfolio

Joint venture led by Federal REIT drops $203M for Hoboken portfolio
Thor Equities shells out 8 figures for Jersey City office building

Thor Equities shells out 8 figures for Jersey City office building

Thor Equities shells out 8 figures for Jersey City office building
New Jersey Gov. Phil Murphy, New York Gov. Andrew Cuomo and Connecticut Gov. Ned Lamont (Credit: Murphy by Bennett Raglin/Getty Images for Montclair Film; Cuomo by Spencer Platt/Getty Images; Lamont by Bonnie Biess/Getty Images for SiriusXM)

Cuomo joins forces with Connecticut, NJ governors to combat coronavirus

Cuomo joins forces with Connecticut, NJ governors to combat coronavirus
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...