News

Quartermaster owner Sky Management has partnered with architecture firm Digsau and is currently implementing a host of capital improvements that are expected to be completed by the spring of 2020.

The fund, through its affiliated entities, plans to develop a 120-room hotel, operated under a nationally recognized brand, and a six-story, 144-unit apartment community at the site.

In its latest transactions as exclusive leasing agent for the Passaic County property, the Old Bridge, NJ-based brokerage firm reports it has completed leases with Ulta and The Paper Store at The Parke at Hamburg for a total of 16,000 square feet, with both expected to open in the third quarter of 2020.

The 236-unit apartment building extends 765 feet into the Hudson River, developed by Hartz Mountain Industries and The Maxal Group. The financing came in the form of a $100-million syndicated loan for the project from M&T Bank that was completed in July.

The vacant office property will undergo renovations to capitalize on its location and size to turn into a Class-A boutique office building.

Hamilton Landing is a class-A creative office campus and development site totaling seven buildings and 406,468 square feet in Marin County that recently sold for $115 million.

The 25-story tower, Tysons Central, will offer retail and office space, as the area's only full-building opportunity for new construction.

The building's 80th floor is now open to the public, serving as the four-year redevelopment's final phase.