(Read more on the multifamilymarket.)
RAHWAY, NJ-Diversified Communities was picked by local officialsin March as designated developer of a new mixed-use town center,and now Diversified has a well-known name as a partner in theproject. Diversified, a private Parsippany, NJ-based largelyresidential developer, has signed a deal with DeBartolo DevelopmentLLC to create Rahway Town Center.
“They are venerated for their open-air retail developments,which includes some of the country's largest malls,” says DarrylGay, Diversified's sales and marketing director, of the Tampa,FL-based DeBartolo Development, which is a successor to theYoungstown, OH-based DeBartolo Corp. “Their experience incommercial real estate, combined with our expertise in residentialdevelopment, will bring a dramatic change to this city'slandscape.”
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