Posted Dec 23, 2019, 3:00 AM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,845
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JLL Secures Funding for 267-Unit Vinty Development Near Elizabeth Train Station
Quote:
The professional services firm JLL announced this week that it secured $77.75 million in funding for the development of Vinty, a mixed-use project with 267 residential units and 37,000 square feet of ground-floor retail and office space across from the Elizabeth train station.
The project will be built on a 2.48-acre site at the corner of Union and West Grand streets. The address is 190 Union Street.
Steven Klein, a managing director at JLL Capital Markets, said, “Upon completion, this project and the future phases that the borrower has in its pipeline are going to transform the rental market at the Elizabeth Train Station.”
The project will consist of four stories with 25 studio, 175 one-bedroom, and 67 two-bedroom units above retail and office space and a 274-space parking garage.
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Jersey Digs
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