CAPE MAY, NJ—The Catholic Diocese of Camden is partnering with MDG Design + Construction and Hudson Valley Property Group to refinance Victorian Towers, a transaction that will include more than $8 million in capital improvements to the 205-unit senior housing development at 608 Washington Street in Cape May, NJ.
The refinancing will preserve the affordability of Victorian Towers for 20 more years, while renovations will provide necessary upgrades to the units and property.
“We couldn't be more pleased to be able to make a significant investment in the improvement of Victorian Towers,” says James Reynolds, the executive director of Diocesan Housing Services Corporate of Camden, the Diocese's housing agency. “Our partners at MDG and HVPG are consummate professionals and are helping us to further the work of the Church in advancing the interests of low- and moderate-income seniors and families in need throughout South Jersey.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
