Hopewell planners take another look at Scotch Road development around Merrill Lynch
The Star-Ledger / nj.com
Jeffrey Otteau, a real estate expert hired by the board this summer, produced a study that found that there is demand for up to 1,500 units of housing and 200,000 square feet of retail space in the area surrounding the…
See why $1M condo owners hate bank’s plan
Asbury Park Press / app.com
Age-restricted housing has fallen out of favor, particularly in New Jersey, where wealthy residents are moving to states with lower taxes, said Jeffrey Otteau, president of Otteau Valuation Group, a research firm based in East Brunswick. "Clearly what happens on…
Developer: Plan for Bridgewater’s Sanofi Research Campus will attract young professionals
The Star-Ledger / nj.com
Cocziello said the trend now is for companies to cater to young college graduates, the so-called "millennials," workers ages 25 to 34. They want to live in close proximity to where they work and be able to reach out and…
Hopewell Township considers rezoning area near Merrill Lynch to allow for high-density housing
The Star Ledger / nj.com
The market has collapsed for the type of massive office park that zoning would allow to be built in the area, but there is demand for up to 1,500 units of housing and 200,000 square feet of retail space in…
Company pushes for redevelopment of Bridgewater property
My Central Jersey / mycentraljersey.com
The mayor’s comments came after Advance’s experts gave what Hayes called an "incredibly sobering" picture of the condition of the campus built in the 1960s to house the headquarters of American Hoechst and the state of the office rental market…
HART keynote speaker: Hunterdon needs smaller homes, more transit for Millennials
The Star-Ledger / nj.com
Otteau said that this situation is "self-inflicted." New Jersey needs to revisit old formula that estimate the impact of high-density housing on education costs (birth rates are down, and schools have space); invest in mass transit; and re-zone for two-…
On the House: Rental development is picking up
The Inquirer / philly.com
In fact, predictions were that this multifamily focus would continue even into the "next housing cycle," as Jeffrey Otteau, of the Otteau Valuation Group in New Brunswick, told Philadelphia home builders at a meeting in October 2009.
Can New Jersey Compete in the Global ‘Innovation Economy?’
NJ Spotlight / njspotlight.com
And experts who have been working with the state to help "get it right" point out that New Jersey does face some formidable obstacles. "As hard as it is to believe, New Jersey has evolved into an inhospitable place for…
How the Suburbs Killed Business
U.S. 1 Newspaper / us1newspaper.com
High real estate prices are the direct result of restrictive zoning. Those high home prices are a secondary tax on business, Otteau says.