X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the multifamily market.)

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

“The response has been gratifying,” says Sam Gershwin, president of the Florham Park-based Westminster, which is part of Kushner Cos. “It offers people the opportunity to live in town and walk to shops and restaurants,” he says, adding that the project’s retail portion is “more than half leased.” Retail tenants include a Cosi restaurant and a Java’s Brewin’ coffee house.

The project, with a reported price tag of $16 million, is this town’s first such mixed-use development in almost a century. Located next to the Cranford commuter train station, it’s also adjacent to a new 310-space municipal parking garage built by Westminster as part of its deal with town officials. The garage was completed and opened in late 2006.

Westminster took title to the site in early 2004 and started actual construction late that year. The two-building complex, elevator buildings with brick facades, include the 20-unit East Building, which company officials say is nearly completed, and the 30-unit West Building, slated for completion later this summer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.