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  • Writer's pictureMAREJ

The Largest Mixed-Use Project of 2017

Torcon, Inc.

NJ Institute of Technology Wellness and Events Center

Newark, NJ Type of mixed-use: The multi-purpose facility provides the campus community with a modern space for athletic activities, entertainment events, convocations and professional meetings. Size: 200,000 SF NJIT’s Wellness and Event’s Center is a state-of-the-art, multipurpose athletic center. The facility, designed to be integrated into student life and to create a new focal point of the campus, includes a 10,000 SF indoor turf area, an 8-lane, 25-meter swimming pool, running track and racquetball/squash courts. The 3,500 seat Convocation Center hosts concession stands, the team store, athletic department offices, and offers both basketball and volleyball team facilities. Students can enjoy exercise classrooms, weight training equipment, a two court gymnasium and locker room facilities. The center also has accommodations to host conferences of up to 4,000 attendees.

Cushman & Wakefield NJ Valley Hospital Site Assemblage Paramus, NJ

Type of mixed-use: Medical, Office Size: 20 acres Brokers: Robert Rudin, Jan Randall, Rustam Nazirbaev, Peter Hamburger, David Bernhaut, and Andrew MacDonald The Cushman & Wakefield team implemented a long-term strategy to assemble a 20+ acre site in Paramus, a densely developed area in Northern NJ, where Valley Hospital could build a new state-of-the-art $735 million healthcare facility. The complex plan required a clear and detailed vision of what needed to be accomplished to accommodate Valley’s specific requirements. The successful deal involved the acquisition of over 500,000 SF of office space, the creation of 500-1,000 jobs and the construction of projects valued in excess of $800 million.

MPN Realty, Inc.

414-22 S. 16th St/ 2031-51 Lombard, Philadelphia

414-422 S. 16th Street is a four level single ramp valet parking garage which accommodates 110 cars. Built in 1920. The Historic Commission has designated it as “contributing” which means demolition will not be allowed. The ceiling height, light, views and unique” loft type” clear span open space is ideal for Apartment conversion. The Property was Purchased by a Local Developer who is in the process of developing the {Parking Garage into a mixed-use development project with street level retail, parking and apartments above. 2031-51 Lombard Street is a 3 Level Public Parking Garage which accommodates 150 Car Parking. The garage is a Valet System with one ramp servicing each level.

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