A rendering of the redevelopment of 276 Reock St. in Orange, NJ. Credit: Inglese Architecture + Engineering
ORANGE, NJ—PEEK Development, a fledgling joint venture between Equis Realty Partners LLC, based in Jersey City, NJ and The Fountain Group LLC of Teaneck, NJ, report it has completed the initial fundraising round for two Qualified Opportunity Fund projects in the pre-construction phase in the City of Orange.
PEEK Reock I QOF, LLC and PEEK Reock II QOF, LLC are set to break ground next year on two separate apartment-rental properties of 50 and 118 units, respectively, within the city’s Reock Street Redevelopment Area. The combined development cost for the two projects is approximately $45 million.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
