(Read more on the multifamily market.)

CRANFORD, NJ-Westminster Communities' Cranford Crossing, amixed-use transit village is set to officially open in June.Marketing began recently for its 50 luxury residential rentalunits, and the opening will also mark the start of operations ofthe project's 22,000-sf retail component.

"The response has been gratifying," says Sam Gershwin, presidentof the Florham Park-based Westminster, which is part of KushnerCos. "It offers people the opportunity to live in town and walk toshops and restaurants," he says, adding that the project's retailportion is "more than half leased." Retail tenants include a Cosirestaurant and a Java's Brewin' coffee house.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.