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Old Posted Sep 13, 2015, 5:07 PM
C. C. is offline
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Join Date: Jan 2014
Posts: 2,004
San Remo is no longer listed on Mack Cali's website, which is very odd since it's been published that Mack Cali is ditching the suburbs to focus on Jersey City and New Jersey's gold coast.

Big win for Jersey City: Mack Cali to move headquarters as it zeroes in on Gold Coast

JERSEY CITY—Real estate giant Mack-Cali Realty Corp. has set its sights on the Gold Coast, announcing plans to move its headquarters to Jersey City and expand along the Hudson River.

The real estate management firm plans to move its headquarters from Edison to Jersey City by the first half of 2016, the company said in a release. The move is just part of the firm's latest efforts to focus on waterfront properties in Jersey City, Weehawken, Hoboken and West New York.

"People today want to live, work, and play in the same area," Chief Executive Officer Mitchell Rudin said in a statement.

The company's initiative comes at a time of heightened interest in the Gold Coast, a name used to describe municipalities along a 19-mile stretch of the Hudson River. A large part of the area's allure, as Mack-Cali points out in its announcement, is its proximity to mass transit and its staggering views of the New York City skyline.

By 2018, Mack-Cali wants to more than double its residential units to 14,843.

The firm and Ironstate Developing Company are currently developing URL (Urban Ready Life) Harborside, a 69-story, 763-unit project. Nearby, another Mack-Cali project, M2, is also underway. A $25 million "repositioning" of its Harborside properties in Jersey City will include adding retailers, restaurants, fitness centers, and incubator and communal workspaces, the company said.

Jersey City Mayor Steve Fulop said he is "thrilled" that Mack-Cali has decided to relocate its headquarters to Jersey City.

"Over the past two years, businesses have made way for roughly 10,000 new jobs in Jersey City, and each one is more exciting than the last," he said in a statement. "We're very glad to be adding Mack-Cali jobs to the list."
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