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EAST ORANGE, NJ-A partnership called Evergreen-Halstead Assoc. is looking at an early 2008 construction start for a $129.4-million mixed-use redevelopment project. Evergreen Place will rise on a derelict 2.1-acre site bordered by I-280, Evergreen Place, Halsted St. and Freeway Dr. East. The site is also a block from NJ Transit's Brick Church rail station.

"Evergreen will help revitalize East Orange by creating a live-work destination in a central site," says Josh Porter, managing director in BTR Capital's Iselin, NJ office. "It's only 30 minutes by express train to Manhattan."

Evergreen-Halstead is a partnership that includes BTR Capital and the New York-based Saddle River Associates, led by Michael Trencher. The partnership received city council approval a year ago to develop the site, and the city subsequently sold the property to Evergreen-Halstead for $1.4 million.