With the latest acquisition, the Kushner affiliate has nowpicked up seven properties within the 49-acre redevelopment area.The company has already started demolition and infrastructure work,as well as actual construction on portions of the area that hadbeen acquired earlier.

The newly acquired site, formerly used as a dry-dock facility,is a key parcel located in the center of the redevelopment zone,and company officials say it will speed up the progress of thefirst phase of their Landings at HarborSide project. With a pricetag of an estimated $600 million, the project will bring 2,100residential units, retail development, recreation, parks, a marinaand a hotel to this city's waterfront over the next eightyears.

"This purchase continues the accelerated progress of phase one,"says Jeffrey Freireich, vice chairman and managing partner of theFlorham Park-based Kushner Cos. "Our company recently startedconstruction of 78 condominiums in Phase I, and we have alreadysold 76 of those 78 units.