What comeback? Why NJ’s economy has tanked
The DailyJournal
Meanwhile, New Jersey has little money to invest in transit projects. Its public pension system is underfunded. It has a nearly $1 billion budget shortfall. And municipalities are reluctant to approve development projects that would attract families — and require…
What comeback? Why NJ’s economy has tanked
The DailyJournal
Meanwhile, New Jersey has little money to invest in transit projects. Its public pension system is underfunded. It has a nearly $1 billion budget shortfall. And municipalities are reluctant to approve development projects that would attract families — and require…
Let’s reshape New Jersey’s affordable housing policies
The Star-Ledger / nj.com
It is time to consider other avenues for providing affordable housing in New Jersey. Although the national recession officially ended five years ago, New Jersey is lagging behind the rest of the country in job creation and household income. According…
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-…